Subscribe to Our Newsletter
Thursday June 30, 2022
Bitcoin (BTC) $19,534.56   Ether (ETH) $1,066.88
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Networks & Protocols

Staking Ethereum (ETH) is now live on Lido

The goal with Lido is to solve a number of the problems associated with  ETH 2.0 staking - illiquidity, immovability and accessibility - making staked ETH liquid and allowing for network participation with any amount of ETH...

Published by CryptoNinjas.net
12/29/2020
Staking Ethereum (ETH) is now live on Lido

Lido, a liquid staking solution for ETH 2.0 backed by a number of leading blockchain staking providers is now live. Anyone can directly stake their ETH with Lido to contribute to the security of the ETH network whilst earning daily rewards for doing so. Users are able to stake Ethereum with Lido to earn up to a maximum of 18.10% a year in staking rewards.

When staking with Lido, users receive stETH tokens on a 1:1 basis representing their staked ETH. These stETH balances can be used like regular ETH to earn yields and lending rewards, and are updated on a daily basis to reflect staking rewards.

Summary

  • Users can stake whatever amount they want; there are no minimum Ethereum staking deposits with Lido.
  • Receive stETH when staking; a tokenized version of staked ETH, which value updates daily to reflect your earned staking rewards.
  • Stake directly from Metamask, Ledger, or another wallet of preference (there is no need to trust a centralized entity with staking).
  • When users stake with Lido they stake across a set of proven validators with a track record of success in the field of staking to minimize slashing and hostage risks.

Ethereum Staking Rewards

The Ethereum staking reward rate is variable and changes based on the total amount of ETH staked. If the total amount of ETH staked is low then the reward rate will be higher, with a maximum annual reward rate of 18.10%.

Lido applies a 10% fee on staking rewards, split between node operators, the DAO, and an insurance fund. This fee can be changed by the DAO pending a successful vote.

Using stETH Token

When staking ETH with Lido, users receive stETH to reflect their staked Ethereum. This stETH token represents staked ETH, with its value changing daily to reflect earned staking rewards. Once transactions are enabled on Eth2, users can redeem their staked ETH using stETH.

stETH is a liquid token that can be traded, sent, lent, and more, allowing users to participate in DeFi activities even after staking.

“Over the coming weeks, we will be seeing the growth of the Lido and stETH ecosystem, with stETH evolving as a building block for other applications and protocols. As more and more applications begin to allow for interaction with stETH, the benefits of liquid Ethereum staking will become more and more obvious. In addition to this, we aim to see the growth in Lido DAO discussions, with incoming proposals on validator admissions, fee distributions, and more.”
– The Lido Team

FacebookTwitterLinkedinRedditE-MailTelegram
Source: stake.lido.fi

Related News

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido, a liquid staking solution for ETH 2.0, today announced a partnership with Unslashed Finance, a blockchain-based insurance protocol, to cover approximately $200 million worth of staked ether from slashing. In a DAO-a-DAO transaction,...

Read more

Blockchain fund KR1 invests in Ethereum 2.0 staking solution Lido

12/16/2020
Blockchain fund KR1 invests in Ethereum 2.0 staking solution Lido

KR1, a blockchain and crypto-asset investment company, today announced that it has invested a total of USD $150,000 in the Lido project in return for 15,000,000 Lido (LDO) tokens. Lido is a liquid Ethereum...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

06/23/2022
CoinLoan integrates crypto analytics platform Elliptic to guard users from threats

CoinLoan integrates crypto analytics platform Elliptic to guard users from threats

06/23/2022
SithSwap raises $2.65M to build next-gen AMM on StarkNet

SithSwap raises $2.65M to build next-gen AMM on StarkNet

06/23/2022
Fintech services platform Colendi acquires enterprise blockchain company SETL

Fintech services platform Colendi acquires enterprise blockchain company SETL

06/27/2022
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin DJed

06/29/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
Crypto trading platform Coinigy releases major new upgrade

Crypto trading platform Coinigy releases major new upgrade

06/28/2022
Crypto market data provider Kaiko raises $53M in Series B

Crypto market data provider Kaiko raises $53M in Series B

06/28/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy