How to stake Ethereum (ETH) on Lido

All about Lido and how to connect it with Exodus.


In this article:


What is Lido?

Lido is a liquid staking solution for the Ethereum blockchain.

When Ethereum is staked, it cannot be transacted. This forces ETH holders to choose between staking their ETH or using it in the Ethereum DeFi ecosystem.

This is where Lido comes in. When you stake ETH with Lido, you are given stETH (staked ETH) equal to the amount of ETH you staked. You can then use stETH for DeFi protocols that offer services such as lending, collateral, trading, and more, all while continuing to earn rewards from the staked ETH.

The price of stETH tracks the price of ETH. Because Lido is non-custodial, your ETH remains under your control.

The Lido protocol is completely 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 interacting with Lido, be sure to read more on dApp bugs 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.


Are there fees for using Lido?

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

You can use the Ethereum gas tracker on Etherscan to track Ethereum gas fees at any given time.

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.


How do I connect to Lido?

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
Under Ethereum, 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 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 on and click Stake now.

2
Under Ethereum, 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 WalletConnect.

5

After selecting WalletConnect as your connection method, you will be shown a QR code. To connect Exodus with Lido, scan the QR code using Exodus Mobile.

Before you connect to a Web3 app, ensure that the QR code is kept secret and visible only to you before displaying the QR code. Never share the QR code with anyone.

6
To scan the QR code, open Exodus Mobile, tap the Profile icon, then tap WalletConnect.

7
Tap Add Connection.

8

To connect, scan the Lido QR code from step 5.

9

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

10
You are now connected to Lido. If you wish to stake ETH with Lido, a) enter the amount of ETH you want to stake, then b) select Submit.


How do I disconnect my wallet from Lido?

Web3 Wallet

1
Open Exodus Web3 Wallet and a) click the Profile icon, then b) click Connections.

2
Next to Lido, click the Remove icon.


How do I disconnect my wallet from Lido?

Mobile

1
Open Exodus Mobile, tap the Profile icon, then tap WalletConnect.

2
Tap Stake with Lido.

3
Then click the Remove icon in the top right corner.

4
Finally, please tap Remove, and you will be disconnected.

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