Where & how to lend Lido Staked ETH (STETH)

Introduction

Lending Lido Staked ETH can be a great option for those who want to hold STETH but earn yield. 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

1. 1. Obtain Lido Staked ETH (STETH) tokens

   In order to lend Lido Staked ETH, you need to have it. To obtain Lido Staked ETH, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   OKX	Lido Staked ETH (STETH)	$2,286
   Bitmart	Lido Staked ETH (STETH)	$3,588
   BingX	Lido Staked ETH (STETH)	$2,287
   MEXC Global	Lido Staked ETH (STETH)	$2,303
   Bitget	Lido Staked ETH (STETH)	$2,289
   Bybit	Lido Staked ETH (STETH)	$2,287

   See all 6 prices

2. 2. Choose a Lido Staked ETH lender

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

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

3. 3. Lend your Lido Staked ETH

   Once you’ve chosen a platform to lending your Lido Staked ETH, transfer your Lido Staked ETH into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.