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How to Use Your Staked ETH (stETH) as Collateral in DeFi
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FinanceFeeds
In this post, we’ve explained how Staked ETH works and how to use it as collateral for maximizing your ETH holdings.
Key TakeawaysWith stETH, you’ll continue to earn rewards while using your ETH in DeFi.
Therefore, instead of leaving your ETH idle, Staked ETH allows it to perform several roles at once.
Advanced users can use leverageSome experienced DeFi users can take things further by depositing Staked ETH as collateral.
Choose a DeFi platformWhile not all DeFi platforms accept stETH as collateral, you need to pick the ones that do.