what is Lido?

The Lido protocol is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. Its primary role is to enable the conversion of staked Ethereum (ETH) into a tradable and liquid token called Staked ETH (StETH). The protocol allows users to directly stake their ETH in the Lido smart contract and receive StETH tokens in return. Users can then use StETH within the DeFi ecosystem. The DeFi ecosystem is a collection of blockchain-based applications and protocols that provide permissionless, transparent, and customizable financial services. These protocols enable users to engage in financial activities without relying on traditional intermediaries such as banks. The StETH redemption feature in the Lido protocol is significant as it involves a daily buyback and burn mechanism. Each day, the protocol buys back a portion of the profit generated from block rewards and adjusts the StETH supply accordingly. This buyback and burn process increases the price and value of the StETH token. This feature can impact the Ethereum staking landscape by increasing the value of StETH, which, in turn, contributes to the overall value of the Ethereum ecosystem and ETH stakes. With the increase in the price of StETH, users can earn higher returns from acquiring and holding StETH tokens. This incentivizes users to participate in Ethereum staking through Lido and contributes to the growth and liquidity of the Ethereum staking landscape within the DeFi ecosystem. The StETH redemption feature aligns the interests of stakers and token holders, creating a symbiotic relationship between the Ethereum staking community and DeFi participants.

what is StETH redmption?

STETH redemption refers to the process of converting Staked Ether (STETH) back into Ether (ETH) on the Ethereum network. STETH is a token that represents the value of ETH deposited into the Ethereum 2.0 Beacon Chain for staking purposes.

When a user stakes their ETH in the Ethereum 2.0 network, they receive STETH in return, which represents their staked ETH. The staking process involves locking up ETH to support the security and consensus of the Ethereum network.

Redemption occurs when a user wants to exit their staking position and retrieve their original ETH along with any earned rewards. By redeeming STETH, users can convert their staked ETH back into the native Ether cryptocurrency.

Redemption may involve a waiting period, as the Ethereum 2.0 network has specific rules and requirements for the withdrawal of staked ETH. These rules are designed to ensure the stability and security of the network.

It's important to note that the specifics of STETH redemption may vary depending on the Ethereum 2.0 protocol and the staking platform or service being used. Users should refer to the documentation or guidelines provided by their staking provider for detailed information on the redemption process

Methodology

in this dashboard we are going to analysis of the Lido StETH redemption rush
i use FlipsideCrypto data for analysis this dashboard
i use this contract ''0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84'' for StETH
the main metric in this dashboard:

• Analysis Stakes and Unstake (Deposits & Withdrawn) Transactions Deeply
• User behavior , Distribution of Stakes and Unstakes... Deeply
• Wallets and Celsius

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