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.
See all 6 pricesPlatform Coin Price OKX Lido Staked Ether (STETH) 3,827.36 MEXC Global Lido Staked Ether (STETH) 3,850.56 Bitget Lido Staked Ether (STETH) 3,857.37 BingX Lido Staked Ether (STETH) 3,857.28 Gate.io Lido Staked Ether (STETH) 3,824.4 HTX Lido Staked Ether (STETH) 3,851.32 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 Lido Lido Staked Ether (STETH) Up to 3.07 APY FMFW.io Lido Staked Ether (STETH) Up to 3 APY 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.
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
Lido Staked Ether (STETH) is currently priced at $3.07 with a 24-hour trading volume of $328.47M. The market cap of Lido Staked Ether stands at $37.85B, with $9.81M STETH in circulation. For those looking to buy or trade Lido Staked Ether, Lido offers avenues to do so securely and efficiently}
- Market cap
- $37.85B
- 24h volume
- $328.47M
- Circulating supply
- $9.81M