Dear Bitunix Users,
Lido Staked ETH (StETH) is getting listed on Bitunix. The supported trading pair will be STETH/USDT on the spot market.
Deposit & Withdrawal
- Deposits Effective Immediately
- Withdrawal: 08:00 on June 16, 2025 (UTC)
Spot Trading
- Spot trading for STETH/USDT will start at 08:00 on June 16, 2025 (UTC).
Project Introduction
Lido Staked ETH (StETH)
StETH is a derivative of ETH that is staked on Lido. Lido is a decentralized protocol allowing users to stake ETH and participate in the consensus mechanism of Ethereum. Staking helps to secure the Ethereum network under a proof-of-stake consensus mechanism, which is more energy-efficient and scalable.
Lido is a liquid staking solution for Ethereum backed by several industry-leading staking providers. Its main advantage is that it enables participating in Ethereum’s PoS consensus mechanism without a minimum stake. Staking on Ethereum has some drawbacks, such as requiring a minimum of 32 ETH to stake, locking up tokens for an indefinite period of time until withdrawals are enabled during the Shapella upgrade, and exposing users to slashing risks if validators misbehave or go offline.
Official Website: https://lido.fi/
Blockchain Explorer: https://etherscan.io/token/0xae7ab96520de3a18e5e111b5eaab095312d7fe84
Regards,
Bitunix Team
June 16, 2025
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*Risk Warning:
The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Bitunix attempts to screen all projects before they come to market. However, even with the best due diligence, there are still possible risks when investing. Bitunix is not liable for investment gains or losses.