How to Stake Ethereum (ETH) on Lido Finance
Lido Finance directly supports ETH staking. Here's how to get started and earn up to 2.4% APY.
Current APY
2.4%
Price
$2,181.69
Platform Fee
10%
Platform Type
liquid
Start Staking ETH on Lido Finance
Lido Finance gives you full control of your assets.
Stake ETH on Lido Finance โStep-by-Step: Stake ETH on Lido Finance
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Ethereum's network.
Acquire ETH
Buy ETH from an exchange and transfer it to your wallet, or swap for it using a DEX.
Visit Lido Finance
Go to Lido Finance's staking interface and connect your wallet.
Stake and receive liquid tokens
Enter your ETH amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.
Use your LST in DeFi (optional)
Your liquid staking token can be used across DeFi โ lend it, provide liquidity, or hold it to earn staking rewards passively.
Lido Finance for ETH Staking: Pros & Cons
Pros
- + Largest ETH liquid staking protocol by TVL ($35B+)
- + stETH usable across 100+ DeFi protocols
- + No minimum deposit โ stake any amount
- + Daily staking rewards auto-compound via rebasing
Cons
- - Smart contract risk (though heavily audited)
- - Lido controls ~33% of staked ETH โ centralization concern
- - 10% fee on rewards
- - stETH may trade at slight discount to ETH
Other Platforms for ETH Staking
Exchange ยท 25โ35% commission on rewards
Exchange ยท 10โ15% commission on rewards
Liquid Staking ยท ~14% commission to node operators
Exchange ยท Fees built into displayed APY
Exchange ยท 10โ20% commission
Exchange ยท Built into rates
Liquid Staking ยท 10% of staking rewards
Liquid Staking ยท 2% of staking rewards
validator ยท Varies (institutional pricing)
validator ยท 5โ10% commission
validator ยท 5โ10% commission