How to Stake Lido Staked Ether (STETH)

Introduction

Staking Lido Staked Ether can be an excellent choice for those looking to hold STETH while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

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

   To stake Lido Staked Ether, you must first acquire it. To obtain Lido Staked Ether, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   OKX	Lido Staked Ether (STETH)	2.014,26 APY
   BingX	Lido Staked Ether (STETH)	3.091,93 APY
   Bitget	Lido Staked Ether (STETH)	3.090,64 APY
   Gate.io	Lido Staked Ether (STETH)	3.091,3 APY
   HTX	Lido Staked Ether (STETH)	3.031,08 APY

   Check out all 12 prices

2. 2. Select a Lido Staked Ether Wallet

   Once you have STETH, you'll need to select a Lido Staked Ether wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

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

   Discover all 4 staking rewards available to you

3. 3. Delegate Your STETH

   We recommend using a staking pool when staking STETH. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their STETH, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in STETH.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.