lst collateral asset
stETH
Lido Staked Ether is tracked as collateral exposure with issuer, redemption, deployment, and dependency assumptions separated from protocol-level findings.
reviewedmedium
Exposure
$9.70B
Mapped usage across reviewed markets.
Deployments
1
Ethereum
Controls
4
Issuer, admin, wrapper, and redemption controls.
Market usage
3
Protocol markets referencing this asset.
Asset facts
Typed fields that define the asset risk surface.
NameLido Staked Ether
IssuerLido DAO
Typelst
Canonical chainEthereum
BackingLiquid staking receipt backed by ETH staked through Lido node operators.
RedemptionWithdrawals use Lido withdrawal queues and Ethereum validator exit mechanics.
Review statusreviewed
Deployments
Canonical chain and cross-chain deployment footprint.
| Chain | Role | Settlement | L2 stage |
|---|---|---|---|
| Ethereum | canonical | Ethereum L1 | Not applicable |
Protocol market exposure
Markets where this asset is accepted as collateral.
Risk findings
Asset-level assumptions with explicit evidence and outcome text.
| Severity | Dimension | Finding | Outcome | Evidence | Sources |
|---|---|---|---|---|---|
| medium | liquidity liquidation | Withdrawal queue can lengthen under stress | Withdrawals can halt or become delayed. | Exit timing depends on Lido mechanics and Ethereum validator churn. |
Dependency edges
Issuer, wrapper, backing, bridge, oracle, and protocol paths touching this asset.
| Severity | Direction | Edge type | Dependency path | Analyst label |
|---|---|---|---|---|
| medium | inbound | accepts collateral | Curve -> stETH | Curve ETH LST pools accepts stETH as collateral or core liquidity |
| medium | inbound | accepts collateral | Lido -> stETH | Lido stETH/wstETH issuance accepts stETH as collateral or core liquidity |
| medium | inbound | accepts collateral | KelpDAO -> stETH | KelpDAO rsETH issuance and deployments accepts stETH as collateral or core liquidity |
| medium | inbound | wraps | wstETH -> stETH | wstETH wraps stETH and inherits Lido withdrawal assumptions |
| medium | outbound | backs | stETH -> WETH | stETH value depends on staked ETH redemption |
| low | outbound | settles on | stETH -> Ethereum | stETH deployment inherits Ethereum chain assumptions |
Blast radius
Highest-severity mapped paths that could propagate asset risk.
| Severity | Direction | Edge type | Dependency path | Analyst label |
|---|---|---|---|---|
| medium | inbound | accepts collateral | Curve -> stETH | Curve ETH LST pools accepts stETH as collateral or core liquidity |
| medium | inbound | accepts collateral | Lido -> stETH | Lido stETH/wstETH issuance accepts stETH as collateral or core liquidity |
| medium | inbound | accepts collateral | KelpDAO -> stETH | KelpDAO rsETH issuance and deployments accepts stETH as collateral or core liquidity |
| medium | inbound | wraps | wstETH -> stETH | wstETH wraps stETH and inherits Lido withdrawal assumptions |
| medium | outbound | backs | stETH -> WETH | stETH value depends on staked ETH redemption |
| low | outbound | settles on | stETH -> Ethereum | stETH deployment inherits Ethereum chain assumptions |