Dear OKX Users,
OKX is pleased to announce the upcoming listing of Lido Staked Ether (STETH), with the following schedule:
Listing Schedule
- STETH Deposits: July 18, 10:00 (UTC+8)
- Trading Pairs Launch (STETH/USDT, STETH/ETH): July 18, 18:00 (UTC+8)
- STETH Withdrawals: July 19, 18:00 (UTC+8)
What Is STETH?
STETH is a transferable rebase-based utility token representing a share of the total ETH staked via the Lido protocol, including user deposits and staking rewards. Its daily rebase mechanism adjusts the underlying ETH share automatically.
- Full Name: Lido Staked Ether
- Ticker: STETH
STETH Staking Rewards on OKX
OKX will support on-chain staking rewards for STETH holders. Key details:
- Snapshot Timing: Daily between 19:30–20:30 (UTC+8)
- Snapshot Coverage: Funding, Trading, and Finance Accounts
Reward Calculation:
User’s Airdrop = (User’s STETH Balance / Platform’s Total STETH Balance) × Total Platform Rewards- Distribution: Rewards from the previous day will be airdropped to eligible accounts by the following day.
👉 Learn more about staking rewards
Important Notes:
- Pending deposits/withdrawals during snapshots are excluded.
- Minimum $1 USD equivalent STETH balance required for eligibility.
- Sub-accounts are merged with master accounts for rewards.
FAQ Section
Q1: When will STETH trading begin?
A1: STETH/USDT and STETH/ETH pairs will go live on July 18 at 18:00 (UTC+8).
Q2: How are staking rewards distributed?
A2: Rewards are calculated via daily snapshots and airdropped the next day. No manual claiming is needed.
Q3: What accounts are included in snapshots?
A3: Funding, trading, and finance account balances are considered.
Risk Reminder
Digital assets are innovative investment products with high volatility. Please assess risks independently and invest prudently. OKX is committed to delivering exceptional products and services.
For updates, visit our official website.
OKX Team
July 18, 2023
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