Lido Staked Ether (STETH) - Fundamental Analysis July 2026

Here's the latest on Lido Staked Ether (stETH) – the dominant liquid staking token that lets you earn ETH staking rewards while keeping your assets liquid and usable in DeFi: • stETH is a rebasing ERC-20 token that automatically increases your balance daily as Ethereum validators earn consensus rewards – no manual claiming needed • With $14.30B market cap and 22.7% of all staked ETH, Lido is the largest liquid staking protocol, integrated across 100+ DeFi platforms like Aave, Maker, and Curve • Lido charges a 10% fee on staking rewards, generating $321.94M in all-time fees, split between node operators and the DAO treasury • Dual Governance launched in 2025 gives stETH holders veto rights over controversial LDO governance decisions, strengthening user protections • 2026 roadmap focuses on modular staking infrastructure (Lido V3 stVaults),