How much does 1 stETH earn per year?

At 3.2% net APY, about 0.032 ETH per year. In USD, multiply by the current ETH price. APY varies — verify on Lido.

How much does 10 stETH earn per month?

At 3.2% APY, roughly 0.0267 stETH per month (~$93 at $3,500 ETH). Use our passive income calculator with your stETH amount.

Why does stETH APY change?

APY depends on total ETH staked on the network, MEV returns, validator performance, and Lido's fee structure. More staked ETH generally means lower per-validator rewards.

Can stETH lose value vs ETH?

Yes. stETH can depeg below 1 ETH during market stress. In normal conditions, it trades near parity.

How do I check my stETH earnings?

Paste your wallet address into Yield by Dexkit. It detects stETH holdings and estimates your daily, monthly, and annual Lido yield.

Are staking yield estimates guaranteed?

No. Staking yield estimates are not guaranteed. APR changes with network participation, validator performance, MEV, and protocol fees. Use current rates as a planning guide and verify before making financial decisions.

Does this calculator include taxes?

No. These calculators show gross yield before taxes, gas fees, and platform costs. Tax treatment of staking rewards varies by country. Consult a qualified tax professional for guidance specific to your situation.

What APR should I use for planning?

For liquid staking, many users reference current Lido stETH or Rocket Pool rETH net APY. Solo validators may see slightly different returns. Always verify the current rate on the protocol's official dashboard before planning.

Is the principal at risk when staking?

Yes. Staking carries risks including smart contract vulnerabilities, slashing (for validators), token depegs for liquid staking tokens, and ETH price volatility. Yield is only one part of total return.

How is this different from checking my actual wallet?

Calculators use hypothetical inputs. Yield by Dexkit analyzes your real on-chain positions across protocols like Lido, Aave, and Morpho to show what your wallet actually earns today.

How Much Does stETH Earn?

Direct answer

stETH earns Ethereum staking rewards through Lido's liquid staking pool. Your stETH balance increases daily via rebasing — if you hold 10 stETH at a 3.2% net APY, you earn roughly 0.32 ETH per year, or about $28 per month at $3,500 ETH. The actual APY varies with network conditions and Lido's fee. Check Lido's official analytics for the current rate before planning.

Quick facts
What is stETH	Lido's rebasing liquid staking token
Reward mechanism	Daily rebasing — balance grows automatically
APR source	Consensus rewards + MEV − 10% Lido fee
Typical net APY	~2.5%–4.0% (variable — verify on Lido)
Risks	Smart contract, depeg, centralization
Official source	lido.fi/analytics

Introduction

stETH is the most widely held liquid staking token on Ethereum. Issued by Lido, it represents a claim on ETH staked in Lido's validator pool. Understanding how stETH earns — and what it earns — is essential for any Ethereum holder considering liquid staking.

What is stETH?

stETH (staked ETH) is a token issued by Lido Finance when you deposit ETH into their staking pool. Lido operates validators on your behalf and passes rewards to stETH holders.

Unlike wstETH (wrapped stETH), stETH is a rebasing token — your wallet balance increases daily to reflect accumulated staking rewards.

How rebasing works

Every day, Lido updates the stETH rebasing rate based on validator rewards earned in the prior period. If you hold 100 stETH and the daily rate is ~0.0087% (3.2% APR / 365), your balance becomes 100.0087 stETH.

You do not need to claim or restake — the rebasing mechanism compounds automatically at the protocol level.

Where stETH APR comes from

stETH yield comes from Ethereum consensus layer rewards (attestations, block proposals) and execution layer MEV. Lido deducts a 10% fee from gross rewards before distributing to stETH holders.

Net APY = (consensus rewards + MEV) × 0.90. The rate changes as total ETH staked, MEV conditions, and network issuance evolve.

stETH vs wstETH

wstETH (wrapped stETH) accumulates rewards by increasing its exchange rate against stETH rather than rebasing. This makes it easier to use in DeFi protocols that do not support rebasing tokens.

Both represent the same underlying staking exposure. Choose stETH for simplicity, wstETH for DeFi integrations.

Risks of holding stETH

Smart contract risk: bugs in Lido's contracts could cause loss. Depeg risk: stETH can trade below 1 ETH during market stress (seen during June 2022). Centralization: Lido controls a large share of staked ETH.

These risks are in addition to ETH price volatility. stETH is not a risk-free savings account.

stETH vs alternatives

Token	Protocol	Mechanism	Fee	Key risk
stETH	Lido	Rebasing	~10%	Depeg, smart contract
wstETH	Lido	Exchange rate	~10%	Same as stETH
rETH	Rocket Pool	Exchange rate	~14%	Smart contract
ETH	None	No yield	0%	Price only

Examples

1 stETH at 3.2% APY → ~0.032 ETH/year (~$112/year at $3,500 ETH).
10 stETH at 3.2% APY → ~0.32 ETH/year (~$1,120/year, ~$93/month).
100 stETH at 3.5% APY → ~3.5 ETH/year (~$12,250/year at $3,500 ETH).

Recommended visuals

Rebasing timeline
Day-by-day stETH balance growth on 100 stETH over 30 days.
stETH/ETH peg chart
Historical peg stability with annotation of June 2022 depeg event.

Quick answers

Frequently asked questions

Conclusion

stETH earns Ethereum staking rewards through Lido's pool, distributed via daily rebasing. The yield is real but variable, and the risks are different from holding native ETH.

Check current APY on Lido's official dashboard, then analyze your wallet to see your actual stETH earnings.

Curious how much your wallet is earning today? Paste your Ethereum address or ENS name into Yield by Dexkit to see your staking, lending, and restaking rewards across supported protocols.

Analyze your wallet →

Sources

Yield estimates are based on current protocol rates and market prices. Actual earnings may vary and are not guaranteed.