How to Stake Lido DAO (LDO)

Introduction

Staking Lido DAO can be an excellent choice for those looking to hold LDO while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Lido DAO (LDO) Tokens

   To stake Lido DAO, you first need to acquire it. To obtain Lido DAO, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   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. Select a Lido DAO Wallet

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

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 collective of validators who combine their LDO, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 DAO network. You'll be rewarded with LDO for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.