How to Stake Lido DAO (LDO)

Introduction

Staking Lido DAO can be an excellent choice for those 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-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Lido DAO (LDO) Tokens

   To stake Lido DAO, you first need to acquire it. To obtain Lido DAO, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Nexo	Lido DAO (LDO)	0,63 APY
   PrimeXBT	Lido DAO (LDO)	0,63 APY
   YouHodler	Lido DAO (LDO)	0,63 APY
   Binance	Lido DAO (LDO)	0,63 APY
   BTSE	Lido DAO (LDO)	0,63 APY
   Coinbase	Lido DAO (LDO)	0,63 APY

   View all 63 prices

2. 2. Select a Lido DAO Wallet

   Once you have LDO, you'll need to select a Lido DAO wallet to securely store your tokens. Here are some solid options to consider.

3. 3. Delegate Your LDO

   We recommend using a staking pool when staking LDO. It's simpler and faster to get started. A staking pool is a collective of validators who pool their LDO, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.