Deribit Launches Trading in Lido’s stETH

Lido -

Deribit, a leading global cryptocurrency exchange, today announces a strategic partnership with Lido Institutional. The focus of the collaboration will be Deribit enabling the launch of trading in Lido’s stETH on their platform, with the introduction of two new spot pairs: 

  • stETH / ETH 
  • stETH / USDC

 

In addition, Deribit has included stETH in their cross-collateral pool with a 15% haircut. This means that Deribit’s clients have the ability to trade using collateral that generates staking rewards, enhancing flexibility and capital efficiency. 

 

Key Highlights 

Clients holding stETH will receive staking rewards daily around 12:30 UTC. Rewards are based on users’ minimum stETH amount from 12:00 UTC the previous day to 12:00 UTC the current day. 

 

Initially, stETH will be available for Deribit’s direct custody clients and Copper Clearloop. Fireblocks Off Exchange Custody will be enabled thereafter. 

 

Trading stETH on Deribit is completely free and more technical information can be found in Deribit’s Knowledge Base.

 

About Deribit

Deribit is a leading cryptocurrency exchange. Founded in 2016, Deribit has quickly become a trusted platform for both institutional and retail traders, offering a secure and highly efficient trading environment. With a focus on innovation and transparency, Deribit provides a wide range of advanced trading tools and deep liquidity, allowing users to hedge, speculate, and manage risk effectively.

Headquartered in Panama, Deribit is committed to maintaining the highest standards of compliance and security while continuously enhancing its platform to meet the evolving needs of the global cryptocurrency market.

For further information, please visit www.deribit.com.

 

About Lido Institutional

Lido is an open-source, liquid-staking middleware, that provides a way to participate in the blockchain network validation process and get rewards for this activity.

With a mission to democratise staking, Lido middleware lets users connect with node operators and stake their digital assets without the need to individually maintain hardware. Users of the middleware can interact with various third-party DeFi applications that have independently integrated and support the liquid staking tokens.

For further information, please visit lido.fi/institutional.

 

 

Disclaimer: All information provided herein is purely for informational purposes and does not constitute an offer, recommendation or solicitation to participate in any activity involving crypto assets. References within this website to any specific commercial product, process, or service, or the use of any trade, firm or corporation name is for the information and convenience of the public, and does not constitute endorsement, recommendation, or favoring in any form or shape. Any decision to participate should be based solely on your own due diligence and should be made only after consulting with your own legal, financial, and tax advisors.