How to Stake Lido Staked Ether (STETH): A Step-by-Step Guide

Introduction

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

Step-by-Step Guide

1. Obtain Lido Staked Ether (STETH) Tokens

In order 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	Coin	Price
OKX	Lido Staked Ether (STETH)	2 014,26
BingX	Lido Staked Ether (STETH)	3 120,19
Bitget	Lido Staked Ether (STETH)	3 120,31
Gate.io	Lido Staked Ether (STETH)	3 117,3
HTX	Lido Staked Ether (STETH)	3 046,4

See all 12 prices

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 good options.
Platform Coin Staking rewards
FMFW.io Lido Staked Ether (STETH) Up to 3% APY
Lido Lido Staked Ether (STETH) Up to 2,59% APY
See all 4 staking rewards
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. 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.

Platform	Coin	Staking rewards
FMFW.io	Lido Staked Ether (STETH)	Up to 3% APY
Lido	Lido Staked Ether (STETH)	Up to 2,59% APY

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.

Latest Movements

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Market cap: US$31.23B
24h volume: US$66.75M
Circulating supply: 9,63M STETH

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Frequently Asked Questions About Staking Lido Staked Ether (STETH)

What are the current earning rates for Lido Staked Ether (STETH)?: Lido Staked Ether (STETH) offers various earning rates depending on the platform used. Currently, the average earning rate for staking rewards is approximately 1.52%. Additionally, lending rates average around 4.2%. For the best rates, users can check platforms like Bitget and Lido, which provide competitive options for earning on STETH. It is essential to stay updated on these rates, as they can fluctuate and impact your potential returns.