How to Stake Lido Staked Ether (STETH)

Introduction

Staking Lido Staked Ether can be an excellent choice for those looking to hold STETH while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Lido Staked Ether (STETH) Tokens

   To stake Lido Staked Ether, you first need to acquire it. To obtain Lido Staked Ether, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   OKX	Lido Staked Ether (STETH)	2.014,26 APY
   BingX	Lido Staked Ether (STETH)	3.044,47 APY
   Bitget	Lido Staked Ether (STETH)	3.040,43 APY
   Gate.io	Lido Staked Ether (STETH)	3.037,7 APY
   HTX	Lido Staked Ether (STETH)	3.010,59 APY

   View all 12 prices

2. 2. Select a Lido Staked Ether Wallet

   Once you have STETH, you'll need to select a Lido Staked Ether wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   FMFW.io	Lido Staked Ether (STETH)	Up to 3 % APY
   Lido	Lido Staked Ether (STETH)	Up to 2,59 % APY

   Discover all 4 staking rewards available

3. 3. Delegate Your STETH

   We recommend using a staking pool when staking STETH. It's simpler and faster to get started. A staking pool is a collective of validators who pool their STETH, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Lido Staked Ether network. For these validations, you will be rewarded with STETH.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.