Introduction
Lending Lido Staked Ether 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 Guide
1. Obtain Lido Staked Ether (STETH) Tokens
In order to lend 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) 3,593.65 MEXC Global Lido Staked Ether (STETH) 3,552.22 BingX Lido Staked Ether (STETH) 3,591.38 Bitget Lido Staked Ether (STETH) 3,592.35 Gate.io Lido Staked Ether (STETH) 3,577.2 HTX Lido Staked Ether (STETH) 3,595.73 2. Choose a Lido Staked Ether Lender
Once you have STETH, you’ll need to choose a Lido Staked Ether lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Bitget Lido Staked Ether (STETH) Up to 4.2 APY 3. Lend Your Lido Staked Ether
Once you’ve chosen a platform to lending your Lido Staked Ether, transfer your Lido Staked Ether 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 Ether (STETH) is currently priced at $4.2 with a 24-hour trading volume of $117,157,932. The market cap of Lido Staked Ether stands at $37,387,002,947, with $9,835,065.37 STETH in circulation. For those looking to buy or trade Lido Staked Ether, Bitget offers avenues to do so securely and efficiently}
- Market cap
- $37.39B
- 24h volume
- $117.16M
- Circulating supply
- $9.84M