Where and How to Stake Lido Staked Ether (STETH)

Introduction

Staking Lido Staked Ether can be a great choice for those who want to hold STETH but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Lido Staked Ether (STETH) Tokens

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

   Platform	Loonies	Price
   OKX	Lido Staked Ether (STETH)	2,118.91
   MEXC Global	Lido Staked Ether (STETH)	2,110.63
   Bitget	Lido Staked Ether (STETH)	2,119.63
   Gate.io	Lido Staked Ether (STETH)	2,104.3
   BingX	Lido Staked Ether (STETH)	2,118.21

   See all 12 prices

2. 2. Select 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 good options.

   Platform	Loonies	Staking rewards
   FMFW.io	Lido Staked Ether (STETH)	Up to 3 annual percentage yield
   Lido	Lido Staked Ether (STETH)	Up to 3.09 annual percentage yield

   See all 4 staking rewards

3. 3. Delegate Your STETH

   We recommend using a staking pool when staking STETH. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STETH, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   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 you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.