How to Stake Lido DAO (LDO) in Australia

Introduction

Staking Lido DAO can be a great option for those who want to hold LDO while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Lido DAO (LDO) Tokens

   To stake Lido DAO, you need to own it. To obtain Lido DAO, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Nexo	Lido DAO (LDO)	0.57
   PrimeXBT	Lido DAO (LDO)	0.57
   YouHodler	Lido DAO (LDO)	0.57
   Binance	Lido DAO (LDO)	0.57
   BTSE	Lido DAO (LDO)	0.57
   Coinbase	Lido DAO (LDO)	0.57

   See all 63 prices

2. 2. Choose a Lido DAO Wallet

   Once you have LDO, you'll need to choose a Lido DAO wallet to store your tokens. Here are some great options.

3. 3. Delegate Your LDO

   We recommend using a staking pool when staking LDO. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LDO, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Lido DAO network. You'll be rewarded with LDO for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.