Documentation v1.0 has been released! Staking Guide, Protocols, Glossary, FAQ, and Support sections have been added.

Ethereum Lido (STETH)

What is Lido?

Lido is a liquid staking solution for Ethereum. It is backed by industry-leading staking providers such as Everstake, and others. One of the peculiarities of the Lido liquid staking is that it lets users stake their ETH – without locking assets or maintaining infrastructure – while participating in DeFi, e.g., lending. Lido attempts to solve the problems associated with initial PoS staking, including illiquidity, immovability, and accessibility, making staked ETH liquid and allowing for participation with any amount of tokens to improve the security of the Ethereum and Polygon networks respectively.

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

About Lido

Lido is a modular liquid-staking protocol for ETH that mints stETH representing staked ETH while routing deposits into separate staking modules (via the Staking Router) to increase decentralization and operational diversity.

Curated Module (CM)

Permissioned, bondless module managed by an approved set of professional node operators; it is the main workhorse and holds the vast majority of Lido’s stake — ≈93% of Lido’s deposits (largest share). Everstake takes part in this Module and has about 7k validator keys (each key contain 32 ETH).

Simple DVT Module (SDVT)

Uses simple distributed-validator-technology (DVT) clusters (Obol/SSV solutions) to run fault-tolerant, multi-party validators; intended to add diversity and resilience. ≈4% of Lido’s stake (small but growing, subject to module caps). Everstake also takes part in this Module using both SSV and Obol solutions.

Community Staking Module (CSM)

Permissionless module for community / solo operators who post a stETH bond as collateral; designed to scale permissionless entry and broaden operator participation. ≈3% of Lido’s stake today (has had proposals to raise its cap). Everstake does not take part in this Module.

When staking with Lido, users receive stETH tokens on a 1:1 basis representing their staked ETH. stETH balances can be used like regular tokens, and are updated on a daily basis to reflect your ETH staking rewards. The Lido protocol's share is about 23-25% of all staked ETH.

How to stake Lido (stETH)?

Validator Name: Everstake

Commission: 10.00%

Lido Staking Manual
  • Step 1: Go to Lido and click "Stake" or "Stake & Earn"

  • Step 2: Connect a wallet

  • Step 3: Enter ETH amount you would like to stake

  • Step 4: Click "Stake"

  • Step 5: Enjoy rewards

NB:

  1. You will receive your stETH automatically; they are minted in return.

  2. Your Ethereum staking rewards with Lido compound automatically.

Where can I stake Lido (stETH)?

You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information

Wallet Type
Wallet Name

Staking Details

Term
Description

Epoch duration

32 slots × 12s per slot = ~6.4 minutes (one epoch).

Fee

10% (50% to Lido, and 50% — Everstake, in Curated Module)

Auto-compounding

-

Fee to activate the wallet

-

First reward info

The first epoch after staking

Min amount to stake

No minumum deposit

Unstaking (withdrawals) period

There is no strict period for this. After initiating the withdrawal process for stETH and submitting the request through the Withdrawals tab, the completion time usually ranges from 1 to X days, depending on factors such as the withdrawal size and the existing withdrawal queue. Check the Exit queue length on the Rated Explorer for real-time data. Note that there is a withdrawal period after the unstaking period and the funds can go back to your wallet only once it has elapsed. Its duration depends on the number of users exiting the network at the same time as you. To learn the actual numbers, please check the Withdrawal queue length on the Rated Explorer. For a more accurate estimate of the waiting time, enter your withdrawal request amount on the Requests widget

Alternatively, you have the option to exchange stETH for ETH on supported exchanges immediately.

Stake activation time

-

Validator set

-

Slashing

-

Max amount ot stake

-

Reward frequency

On a daily basis each day at 12PM UTC

Why Everstake?

  • Everstake is the №1 staking infrastructure platform, trusted by over 1.5M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 85+ supported chains with a reliability rate of 99.98%

  • Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.

Everstake Participation

FAQ

What is liquid staking?

Liquid staking allows users to get staking rewards while utilizing the benefits of a liquid representation of their stake. For example, the liquid equivalent of ETH within the Lido protocol is stETH.

So liquid staking protocols allow users to get staking rewards without locking assets or maintaining staking infrastructure. Users can deposit tokens and receive tradable liquid tokens in return. The DAO-controlled smart contract stakes these tokens using elected staking providers.

How does Lido work?

While each network works differently, generally, the Lido protocols batch user tokens to stake with validators and route the staking packages to network staking contracts. Users mint amounts of st[token] which correspond to the amount of tokens sent as stake and they receive staking rewards. When they unstake, they burn the st[token] to initiate the network-specific withdrawal process to withdraw the balance of stake and rewards.

Let’s consider how Lido liquid staking works with the example of the Ethereum network. When staking with Lido, users receive stETH tokens on a 1:1 basis representing their staked ETH. stETH can be used like regular ETH to earn yields and lending rewards and are updated daily to reflect your ETH staking rewards, minus any penalties.

When using Lido, users receive secure staking rewards in real-time, allowing for participation in securing Ethereum with fewer associated risks and less downside potential.

Who are Node Operators (NO)?

The Node Operators (NOs) are entities who run validators on behalf of the protocol and receive fees in return. They manage a reliable, stable and secure infrastructure for operating nodes to benefit from the protocol. Within Lido, the Node Operators are professional staking providers who can ensure the safety of funds belonging to the protocol users and the correctness of validator operations.

Does Lido have its own token?

Yes, it has LDO. It is an Ethereum token granting governance rights in the Lido DAO. The Lido DAO governs a set of liquid staking protocols, decides on key protocol parameters (e.g., fees) and evolution, and executes protocol upgrades to ensure efficiency and stability.

By holding the LDO token, one is granted voting rights within the Lido DAO. The more LDO locked in a user’s voting contract, the greater the decision-making power the voter gets.

Currently, you cannot stake LDO. However, you can provide LDO as liquidity in respective liquidity mining programs (e.g., SushiSwap, 1inch).

What is a protocol fee?

The protocol applies a 10% fee on staking rewards for ETH. This fee is split between node operators and the Lido DAO. That means the users receive 90% of the staking rewards returned by the networks. Curated Module: 5% to Lido DAO, 5% to NO. SimpleDVT Module: 2% to Lido DAO, 7% to NO and 1% to DVT providers (SSV or Obol)

Where can be used stETH?

stETH can be used across a growing Web3 ecosystem. Explore apps and services integrated with stETH.

There are multiple coverage providers with different products for stETH:

Is stETH rebased?

stETH is a rebasing token because its supply is adjusted on a daily basis to accurately reflect the amount of ETH staked through the Lido middleware and any accrued rewards and/or slashing events that might have occurred. To maintain transparency and ensure each user's stETH accurately represents their proportionate participation, a daily rebasing mechanism is employed.

What is wstETH?

stETH is a wrapped version of stETH that does not undergo daily rebases. While stETH's token balance changes daily to reflect each user’s portion of the staked ETH and network rewards, wstETH does not change and maintains the same token balance.

There are two primary reasons to hold wstETH over stETH:

  • Compatibility. Certain blockchains, dApps and services cannot technically support rebasing tokens. In such cases, wstETH offers a suitable alternative that can be utilized within these ecosystems without encountering compatibility issues.

  • Consistent balance. For users who prefer a consistent token balance without daily rebases, wstETH provides a viable alternative. By holding wstETH, users can participate in staking while maintaining the same token balance.