How to Stake Lido DAO (LDO) in the UK

Introduction

Staking Lido DAO can be an excellent option for those who wish to hold LDO while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Lido DAO (LDO) Tokens

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

   Platform	Coin	Price
   Nexo	Lido DAO (LDO)	0.57
   PrimeXBT	Lido DAO (LDO)	0.57
   YouHodler	Lido DAO (LDO)	0.57
   Binance	Lido DAO (LDO)	0.57
   BTSE	Lido DAO (LDO)	0.57
   Coinbase	Lido DAO (LDO)	0.57

   View all 63 prices

2. 2. Choose a Lido DAO Wallet

   Once you have LDO, you'll need to choose a Lido DAO wallet to store your tokens. Here are some suitable options.

3. 3. Delegate Your LDO

   We recommend using a staking pool when staking LDO. It's simpler and quicker 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.

4. 4. Start Validating

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

What to Be Aware Of

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