Where and how to stake Lido Staked Ether (STETH)

Introduction

Staking Lido Staked Ether can be a great option for those who wish to hold STETH while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

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

   To stake 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)	3,088.61
   MEXC Global	Lido Staked Ether (STETH)	3,089.33
   BingX	Lido Staked Ether (STETH)	3,090.69
   Bitget	Lido Staked Ether (STETH)	3,089.1
   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 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

3. 3. Delegate Your STETH

   We suggest using a staking pool for staking STETH. It's easier and quicker to get started. A staking pool is a collection of validators who combine their STETH, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have 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 Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.