How to Stake Lido Staked Ether (STETH) in Australia

Introduction

Staking Lido Staked Ether can be a great option for those who want to hold STETH 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 Staked Ether (STETH) Tokens

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

   Platform	Coin	Cost
   OKX	Lido Staked Ether (STETH)	2,014.26
   BingX	Lido Staked Ether (STETH)	3,082.67
   Bitget	Lido Staked Ether (STETH)	3,083.01
   Gate.io	Lido Staked Ether (STETH)	3,085.6
   HTX	Lido Staked Ether (STETH)	3,030.25

   See all 12 prices

2. 2. Choose a Lido Staked Ether Wallet

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

   Platform	Coin	Staking returns
   FMFW.io	Lido Staked Ether (STETH)	Up to 3% % p.a.
   Lido	Lido Staked Ether (STETH)	Up to 2.59% % p.a.

   View all 4 staking rewards

3. 3. Delegate Your STETH

   We recommend using a staking pool when staking STETH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their STETH, 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 Staked Ether network. You'll be rewarded with STETH 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.