It is located near the village of Molyvdoskepastos, at a short distance from the Greek-Albanian border.
Its name stems from the sheets of lead that covered the roof in the past.
According to the tradition, the monastery was built in the 7th century by the Byzantine Emperor Constantine IV Pogonatos. It was renovated in the 14th century by Andronikos Komnenos Doukas Palaiologos.
The katholikon belongs to a complex architectural style and was built in three phases.
The three-conched church, ending in one big arch to the east with a high and elegant dome, was the first to built.
A single-spaced cross-shaped room was added in the 14th century.
Finally, an open narthex was added in the 16th century, with a hayat at the southern side.
The church is decorated in the inside with wall paintings of the 14th and 16th centuries. The wall paintings started being recently maintained and are of great interest.
The iconostasis is carved probably dating back to the 15th century with remarkable icons, amongst which the icon of Christ the Patient.
The monastery of Molyvdoskepastos is a male monastery which is visited by a huge number of pilgrims from all over Greece.