How do I stake ETH and other crypto on Lido?

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

Need a crypto wallet that gives you full control of your assets? You can download Exodus here.

In this article:

What is Lido?

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

Normally, 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 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.

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)
  • Solana (SOL)

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 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 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.

6
To scan the QR code, open Exodus Mobile and a) tap on the Profile icon, then b) tap Web3. 

7
Tap on the QR code icon in the top right corner.

8
Tap Add Connection.

9

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, MATIC, or SOL 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
Open Exodus Mobile and 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
Open Exodus Web3 Wallet and 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?

Currently, unstaking your staked ETH (stETH) is not possible. The option to unstake directly from Lido will be available once withdrawals are enabled on the beacon chain.

In the meantime, since your stETH remains liquid, you can swap it for ETH using Exodus Swap in Web3 Wallet, or send it to a centralized exchange to exchange it for either ETH or a different asset. 

By swapping stETH for ETH, you can effectively unstake your stETH.

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

Exodus is not affiliated with any third-party platforms, external links, or any other third-party resources mentioned in this article. As such, Exodus cannot guarantee the performance of third-party products or services, or that the steps shown and the information provided will always be accurate.

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