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How do I stake ETH and other crypto on Lido?
How do I stake ETH and other crypto on Lido?

How to stake Ethereum (ETH) or Polygon (MATIC) on Lido with Exodus. Earn ETH staking rewards on Lido by connecting with Exodus Web3 Wallet.

Updated over a week ago

All about staking Ethereum (ETH) on Lido, and how to connect with Exodus.

Did you know that you can stake ETH in Exodus Mobile? You can download Exodus here, and find all the info here: Staking Ethereum (ETH) FAQs.


In this article:


How can I stake Ethereum (ETH)?

You can stake Ethereum (ETH) in a few different ways, including solo staking and delegating your stake to a staking pool.

If you're interested in solo staking, it takes 32 ETH to run your own validator. However, it only takes 0.1 ETH to start staking in Exodus.

Staking ETH makes the Ethereum network more secure, stable, and decentralized, as well as earning you ETH staking rewards.


Stake ETH in Exodus

You can securely stake ETH right from Exodus Mobile. Staking from Exodus is done in a self-custodial way, so your crypto is always under your control.

You'll need a minimum stake of 0.1 ETH, and you'll start earning ETH rewards in about 5 days.

Staking ETH in Exodus takes only a few taps, and you can unstake it anytime. Unstaking is completed in about 5 days.

Find info about staking ETH in Exodus here: Staking Ethereum (ETH) FAQs.


Stake ETH in Lido

If you have less than 0.1 ETH, or you're interested in liquid staking, it's also possible to stake your ETH in Lido.


What is Lido?

Lido is a liquid staking solution and supports staking crypto like Ethereum (ETH) and Polygon (MATIC).

Usually, once your crypto is staked, it cannot be transacted. This forces you to choose between staking your crypto or using it.

With liquid staking, when you stake on Lido, you are given a tokenized version of your staked funds. You can then use your crypto in DeFi protocols that offer services such as lending, collateral, trading, and more, all while continuing to earn rewards from the staked funds.

The price of Lido's staked tokens track the price of their original counterpart on a 1:1 basis. Because Lido is non-custodial, your assets remain under your control.

The Lido protocol is open source, and its code has been audited and secured. In addition to that, the participating validators have been vetted, and the dApp is governed by a DAO.

Before choosing to stake with Lido, please read about the risks of dApps in our Knowledge Base article: Safety and security for DeFi and Web3.

For more information on Lido and how to use it, you can also read through their documentation.

Lido is a third-party platform that is not affiliated with Exodus. As such, Exodus cannot guarantee the performance of its products/services or that the steps shown and the information provided will always be accurate.


Video tutorial: Stake ETH with Lido


Are there fees for using Lido?

You can connect to and disconnect from Lido without any fees. However, staking through Lido will incur a network transaction fee, also known as a gas fee. These fees can vary depending on network traffic.

Additionally, Lido charges a 10% staking fee from earned rewards. This fee goes to the Lido DAO, the staking validators, and the Lido cover fund.


What crypto can I stake on Lido from Exodus?

If you connect to Lido with Exodus Web3 Wallet or Exodus Mobile, you can stake:

  • Ethereum (ETH)

  • Polygon (MATIC)


How do I connect to Lido?

Mobile

Exodus provides a software interface that allows you to connect to DeFi and Web3. Web3 apps are platforms that are external to Exodus, and Exodus can’t guarantee the safety of any third-party platform. Make sure you do your own research, and only connect to web3 apps you trust 100%.

  1. Go to Lido and tap Stake now.

  2. Next to the asset you want to stake, tap Stake now.

  3. Tap Connect wallet.

  4. a) Check the box to agree to Lido's Terms of Service and Privacy Notice, then b) select WalletConnect.

  5. After selecting WalletConnect, choose Exodus as the wallet you want to connect with.

  6. If you don't see Exodus, a) tap View all, then b) search for Exodus, and c) tap on the Exodus logo.

  7. Lido will prompt you to open Exodus. Tap Open.

  8. To confirm that you want to connect to Lido, Slide to approve.

  9. Tap OK.

  10. Next, return to Lido, and you will see your wallet is connected. If you wish to stake ETH or MATIC with Lido, a) enter the amount you want to stake, then b) select Submit.


Web3 Wallet

Exodus provides a software interface that allows you to connect to DeFi and Web3. Web3 apps are platforms that are external to Exodus, and Exodus can’t guarantee the safety of any third-party platform. Make sure you do your own research, and only connect to web3 apps you trust 100%.

  1. Go to Lido and click Stake now.

  2. Next to the asset you want to stake, click Stake now.

  3. Click Connect wallet.

  4. a) Check the box to agree to Lido's terms of service and privacy notice, then b) select Exodus.

  5. On the connection approval screen, click Connect.


How do I disconnect my wallet from Lido?

Mobile

  1. In Exodus Mobile, a) tap on the Profile icon, then b) tap Web3.

  2. Tap on the QR code icon in the top right corner.

  3. Tap Stake with Lido.

  4. Then click the Remove icon in the top right corner.

  5. Finally, tap Remove, and you will be disconnected.


Web3 Wallet

  1. In Exodus Web3 Wallet, a) click the Profile icon, then b) click Web3.

  2. a) Click Connections. Next to the connection you want to disconnect, b) click the Settings icon.

  3. Click, Disconnect. You will no longer be connected.


How do I unstake ETH from Lido?

You can unstake ETH with Lido, which takes 1-5 days, or if you want to avoid the 1-5 day wait when unstaking with Lido, you can swap your stETH to ETH using Exodus Swap.

How do I unstake with Lido?

You can unstake your ETH directly from Lido by requesting a withdrawal on Lido's withdrawal site. The withdrawal process for unstaking with Lido takes 1-5 days. To unstake ETH with Lido, follow the steps below:

  1. Go to Lido's withdrawal site.

  2. Connect your Exodus Mobile or Web3 Wallet to Lido.

  3. After connecting your Exodus Mobile or Web3 Wallet, you can request to unstake ETH by making a withdrawal request to convert your stETH into ETH at a 1:1 ratio. The request takes place on-chain, and as such it will require a transaction fee.

  4. The withdrawal process for unstaking normally takes 1-5 days. Lido will mint an NFT representing your place in the withdrawal queue. With it, you can monitor the withdrawal process. The NFT’s appearance will inform you when your ETH can be claimed. you can view the NFT in the Exodus NFT Gallery

  5. When the withdrawal process is complete, you must manually claim your ETH, which also requires a transaction fee.

You can learn more about this process from the Lido's withdrawal site FAQ.

How do I unstake by swapping stETH to ETH?

Because stETH is a liquid asset, you can avoid the 1-5 day waiting period by swapping your stETH instead of unstaking it. You can use Exodus Swap in Web3 Wallet or send your stETH to a centralized exchange.

By swapping stETH, you effectively unstake your stETH.

To learn more about Exodus Swap, visit: How do I swap crypto in Web3 Wallet?


Solana staking is no longer available in Lido

As of October 16, 2023, Solana (SOL) staking is no longer available on Lido. For more information, visit Lido's blog post: Lido On Solana Sunset.

If you have staked SOL in Lido, you can connect Exodus Mobile or Exodus Web3 Wallet to Lido and unstake your SOL. Unstaking SOL with Lido takes 2-3 days.

Unstaking SOL is available on Lido's website until February 4, 2024.

If you want to avoid the 2-3 days wait for unstaking SOL on Lido, You can unstake SOL by swapping your stSOL to SOL.

In Exodus Mobile, you can connect to Jupiter with WalletConnect to swap stSOL to SOL. In Exodus Web3 Wallet, you can use Exodus Swap to swap stSOL to SOL.


How do I unstake SOL with Lido?

Mobile

You can connect to Lido with WalletConnect in Exodus Mobile to unstake SOL.

When you unstake SOL with Lido, it takes 2-3 days for your SOL to finish unstaking. After unstaking is complete, your Solana will be available in your wallet.

Unstaking SOL on Lido's website is available until February 4, 2024.

  1. Visit Lido on Solana in a browser, and tap Connect Wallet.

  2. Select WalletConnect.

  3. In the search field, a) type in Exodus, then b) tap on Exodus. This will open Exodus Mobile.

  4. To confirm that you want to connect to Lido, slide the toggle to the right.

  5. Tap OK.

  6. Next, return to Lido. a) Select Max to unstake all your SOL, or b) enter an amount you want to unstake. To initiate the unstake, c) tap Submit.

  7. Tap Unstake.

  8. In Exodus Mobile, tap Approve to confirm the transaction.

  9. And that's it! Your SOL is now unstaked. It takes 2-3 days for your SOL to finish Unstaking. After unstaking is complete, your Solana will be available in your wallet.


Web3 Wallet

You can connect to Lido with Exodus Web3 wallet to unstake SOL.

When you unstake SOL with Lido, it takes 2-3 days for your SOL to finish unstaking. After unstaking is complete, your Solana will be available in your wallet.

Unstaking SOL on Lido's website is available until February 4, 2024.

  1. Visit Lido on Solana in a browser, and click Connect Wallet.

  2. Select Exodus.

  3. To confirm that you want to connect to Lido, tap Connect.

  4. Once your wallet is connected to Lido. a) Select Max to unstake all your SOL, or b) enter an amount you want to unstake. To initiate the unstake, c) click Submit.

  5. Click Unstake.

  6. Exodus will prompt you to confirm the transaction. Click Approve.

  7. And that's it! Your SOL is now unstaked. It takes 2-3 days for your SOL to finish unstaking. After unstaking is complete, your Solana will be available in your wallet.


How do I unstake by swapping stSOL to SOL?

Mobile

You can connect to Jupiter with WalletConnect in Exodus Mobile to swap your stSOL to SOL. Here's how:

Jupiter is a third-party platform that is not affiliated with Exodus. As such, Exodus cannot guarantee the performance of its products/services or that the steps shown and the information provided will always be accurate.

  1. Visit Jupiter in a browser, and click Connect Wallet.

  2. Select WalletConnect.

  3. In the search field, a) type in Exodus, then b) tap on Exodus. This will open Exodus Mobile.

  4. To confirm that you want to connect to Jupiter, slide the toggle to the right.

  5. Tap OK.

  6. Next, return to Jupiter. a) Select stSOL as the asset you want to swap, and b) select SOL as the asset you want to receive.

  7. a) Select Max to swap all your stSOL, or b) enter an amount you want to swap. To initiate the exchange, c) tap Swap.

  8. In Exodus Mobile, tap Approve to confirm the transaction.

  9. And that's it! You will receive your SOL as soon as the swap is complete.


Web3 Wallet

You can swap stSOL to SOL with Exodus Swap in Web3 Wallet. Here's how:

  1. In Exodus Web3 Wallet, a) click the Swap icon. b) Select stSOL as the asset you want to swap at the top, then c) select SOL at the bottom as the asset you want to receive.

  2. a) Enter the amount you want to swap or b) click All to swap all your stSOL. To initiate the exchange, c) click Swap.

    To learn more about Exodus Swap, visit: How do I swap crypto in Web3 Wallet?

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