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. 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.
See all 6 pricesPlatform Coin Price OKX Lido Staked ETH (STETH) $2,404 Bitmart Lido Staked ETH (STETH) $3,588 BingX Lido Staked ETH (STETH) $2,399 MEXC Global Lido Staked ETH (STETH) $2,349 Bitget Lido Staked ETH (STETH) $2,404 Bybit Lido Staked ETH (STETH) $2,391 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. 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. 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.
Latest movements
Lido Staked ETH (STETH) is currently priced at $2,399 with a 24-hour trading volume of $61.22M. In the last 24 hours, Lido Staked ETH has seen an increase of 1.05%. The market cap of Lido Staked ETH stands at 23.15B, with $9.78M STETH in circulation. For those looking to buy or trade Lido Staked ETH, reputable platforms like OKX, BingX and Bitget offer avenues to do so securely and efficiently.
- Market cap
- $23.15B
- 24h Volume
- $61.22M
- Circulating supply
- $9.78M