Where and How to Lend Lido Staked Ether (STETH)

Introduction

Lending Lido Staked Ether can be a great option for those who wish to hold STETH but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

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

   To lend Lido Staked Ether, you need to have it. To obtain Lido Staked Ether, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   OKX	Lido Staked Ether (STETH)	3,102.09
   MEXC Global	Lido Staked Ether (STETH)	3,099.8
   BingX	Lido Staked Ether (STETH)	3,102.47
   Bitget	Lido Staked Ether (STETH)	3,102.11
   Bybit	Lido Staked Ether (STETH)	3,221.97
   Gate.io	Lido Staked Ether (STETH)	3,090.5

   See all 7 prices

2. 2. Select a Lido Staked Ether Lender

   Once you have STETH, you’ll need to choose a Lido Staked Ether lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Bitget	Lido Staked Ether (STETH)	Up to 4.2 APY

3. 3. Lend Your Lido Staked Ether

   After you have selected a platform for lending your Lido Staked Ether, transfer your Lido Staked Ether into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.