How to Stake Pell Network Token (PELL) on Lido Finance
Lido Finance may not directly support PELL staking, but you can still use Lido Finance to buy PELL and transfer it for staking.
Current APY
4.0%
Price
$0.0004
Platform Fee
10%
Platform Type
liquid
Start Staking PELL on Lido Finance
Lido Finance gives you full control of your assets.
Stake PELL on Lido Finance →Step-by-Step: Stake PELL on Lido Finance
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Pell Network Token's network.
Acquire PELL
Buy PELL 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 PELL 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 — lend it, provide liquidity, or hold it to earn staking rewards passively.
Lido Finance for PELL 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