Earn up to
0% APY in Canada
An in-depth guide on how to stake Lido DAO (LDO) in Canada
We have a wealth of information on staking Lido DAO (LDO) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
Lido DAO (LDO) is currently priced at 0 with a 24-hour trading volume of US$165.29M. The market cap of Lido DAO stands at US$1.46B, with 896.05M LDO in circulation. For those looking to buy or trade Lido DAO, Everstake offers avenues to do so securely and efficiently
Staking Lido DAO can be an excellent choice for Canadians looking to hold LDO while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
To stake Lido DAO, you first need to acquire it. To obtain Lido DAO, you'll need to purchase it from one of these popular Canadian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Lido DAO (LDO) | 0.63 |
| PrimeXBT | Lido DAO (LDO) | 0.63 |
| YouHodler | Lido DAO (LDO) | 0.63 |
| Binance | Lido DAO (LDO) | 0.63 |
| BTSE | Lido DAO (LDO) | 0.63 |
| Coinbase | Lido DAO (LDO) | 0.63 |
Once you have LDO, you'll need to choose a Lido DAO wallet to store your tokens. Here are some great options available in Canada.
We recommend using a staking pool when staking LDO. It's simpler and faster to get started. A staking pool is a group of validators who combine their LDO, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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.
In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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