How to Stake Axelar (AXL) on Lido Finance
Lido Finance may not directly support AXL staking, but you can still use Lido Finance to buy AXL and transfer it for staking.
Current APY
10.0%
Price
$0.0459
Platform Fee
10%
Platform Type
liquid
Start Staking AXL on Lido Finance
Lido Finance gives you full control of your assets.
Stake AXL on Lido Finance →Step-by-Step: Stake AXL on Lido Finance
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Axelar's network.
2
Acquire AXL
Buy AXL 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 AXL 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 AXL 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 AXL Staking
FAQ: AXL Staking on Lido Finance
What APY can I earn staking AXL on Lido Finance?
The current estimated APY for AXL staking is around 10.0%. 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 AXL on Lido Finance safe?
Lido Finance is a non-custodial protocol with a low risk profile for AXL 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 AXL from Lido Finance?
Unstaking times depend on the network: Flexible (stETH is liquid and tradeable). During the unstaking period, your AXL won't earn rewards.
What fees does Lido Finance charge for AXL 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 AXL on other platforms?
Yes! You can compare all available platforms for AXL staking on our How to Stake Axelar guide. Different platforms offer different APY rates, fees, and custody models.