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How to Stake Algorand (ALGO) on Lido Finance

Lido Finance may not directly support ALGO staking, but you can still use Lido Finance to buy ALGO and transfer it for staking.

Current APY

6.0%

Price

$0.1095

Platform Fee

10%

Platform Type

liquid

Start Staking ALGO on Lido Finance

Lido Finance gives you full control of your assets.

Stake ALGO on Lido Finance →

Step-by-Step: Stake ALGO on Lido Finance

1

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Algorand's network.

2

Acquire ALGO

Buy ALGO from an exchange and transfer it to your wallet, or swap for it using a DEX.

3

Visit Lido Finance

Go to Lido Finance's staking interface and connect your wallet.

4

Stake and receive liquid tokens

Enter your ALGO amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.

5

Use your LST in DeFi (optional)

Your liquid staking token can be used across DeFi — lend it, provide liquidity, or hold it to earn staking rewards passively.

Lido Finance for ALGO Staking: Pros & Cons

Pros

  • + Largest ETH liquid staking protocol by TVL ($35B+)
  • + stETH usable across 100+ DeFi protocols
  • + No minimum deposit — stake any amount
  • + Daily staking rewards auto-compound via rebasing

Cons

  • - Smart contract risk (though heavily audited)
  • - Lido controls ~33% of staked ETH — centralization concern
  • - 10% fee on rewards
  • - stETH may trade at slight discount to ETH

Other Platforms for ALGO Staking

🏦Coinbase

Exchange · 25–35% commission on rewards

🐙Kraken

Exchange · 10–15% commission on rewards

🔐Ledger

wallet · No platform fee — only network/validator commission

🛡️Trust Wallet

wallet · No platform fee — validator commission only

🌅Exodus

wallet · No platform fee — validator commission only (note: Exodus's swap feature charges spread)

FAQ: ALGO Staking on Lido Finance

What APY can I earn staking ALGO on Lido Finance?
The current estimated APY for ALGO staking is around 6.0%. Actual rates vary based on network conditions, validator performance, and Lido Finance's fee structure (10% of staking rewards (split: 5% node operators, 5% DAO treasury)).
Is staking ALGO on Lido Finance safe?
Lido Finance is a non-custodial protocol with a low risk profile for ALGO staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake ALGO from Lido Finance?
Unstaking times depend on the network: Flexible (stETH is liquid and tradeable). During the unstaking period, your ALGO won't earn rewards.
What fees does Lido Finance charge for ALGO staking?
Lido Finance charges 10% of staking rewards (split: 5% node operators, 5% DAO treasury). These fees are typically deducted from your staking rewards automatically.
Can I stake ALGO on other platforms?
Yes! You can compare all available platforms for ALGO staking on our How to Stake Algorand guide. Different platforms offer different APY rates, fees, and custody models.