Try Quests to earn cryptoETH Staked
Q9. What is the total amount of ETH that has been staked with Lido? Show the daily amount of ETH staked with Lido in the past 3 months. Are there any trends you can see?
Lido is a liquid staking solution for ETH 2.0 backed by industry-leading staking providers. Lido lets users stake their ETH - without locking assets or maintaining infrastructure - whilst participating in on-chain activities, e.g. lending.
Source
When users stake their ETH, they receive (Mint) another token named stETH which is supposed to be 1:1 to ETH.
I analyzed this question in 2 different ways:
1- Using Staked ETH
2- Using Minted stETH
The following graphs show the total Amounts I calculated by 2 different methods.
As you can see they are slightly different but the amount of minted stETH is closer to the real Amount (Total staked with Lido 4,220,585.227 ETH - June 14th, 2022)
The following graph shows the daily amounts of Staked ETH, Minted stETH, and Daily prices of ETH
- As you can see almost after each sharp increase or decrease of ETH price, there is an increase in the amount of staked ETH except when ETH reached its ATH. At that time the staking had one of the lowest amounts.
- On March 15th, 2022 when ETH started a sharp move (an increase in the price), There was the highest amount of staked ETH (more than 197k ETH)
- Until today more than 4.13m ETH staked with Lido
- ETH price affected the Staking amount when it increased or decreased sharply
- After the decrease in the price of ETH in the last few days (since May 12th,2022), the staking amount dropped significantly.