Introduction
Staking Lido DAO can be a great option for those who want to hold LDO 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
1. Obtain Lido DAO (LDO) tokens
In order to stake Lido DAO, you need to have it. To obtain Lido DAO, you'll need to purchase it. You can choose from these popular exchanges.
See all 17 pricesPlatform Coin Price Nexo Lido DAO (LDO) $1.09 Bitpanda Lido DAO (LDO) $1.09 Uphold Lido DAO (LDO) $1.08 Kraken Lido DAO (LDO) $1.09 OKX Lido DAO (LDO) $1.09 Binance Lido DAO (LDO) $1.09 2. Choose a Lido DAO wallet
Once you have LDO, you’ll need to choose a Lido DAO wallet to store your tokens. Here are some good options.
3. Delegate your LDO
We recommend using a staking pool when staking LDO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LDO, 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 DAO network. You’ll be rewarded with LDO 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
Unfortunately, there is no pricing data available for Lido DAO (LDO) at the moment.
- Market cap
- $974.54M
- 24h Volume
- $103.32M
- Circulating supply
- $896.01M