Introduction
Staking Lido Staked ETH can be a great option for those who want to hold STETH 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 Staked ETH (STETH) tokens
In order to stake 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) $2,281 Bitmart Lido Staked ETH (STETH) $3,588 BingX Lido Staked ETH (STETH) $2,283 MEXC Global Lido Staked ETH (STETH) $2,304 Bitget Lido Staked ETH (STETH) $2,282 Bybit Lido Staked ETH (STETH) $2,282 2. Choose a Lido Staked ETH wallet
Once you have STETH, you’ll need to choose a Lido Staked ETH wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards FMFW.io Lido Staked ETH (STETH) Up to 3% APY 3. Delegate your STETH
We recommend using a staking pool when staking STETH. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STETH, 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 Staked ETH network. You’ll be rewarded with STETH 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
Lido Staked ETH (STETH) is currently priced at $2,283 with a 24-hour trading volume of $32.94M. In the last 24 hours, Lido Staked ETH has experienced a decrease of -1.39%. The market cap of Lido Staked ETH stands at 22.30B, with $9.77M STETH in circulation. For those looking to buy or trade Lido Staked ETH, reputable platforms like OKX, BingX and MEXC Global offer avenues to do so securely and efficiently.
- Market cap
- $22.30B
- 24h Volume
- $32.94M
- Circulating supply
- $9.77M