DeFi
Lido
Liquid staking that lets you stake ETH without running a validator.
Definition
Running your own Ethereum validator needs 32 ETH and an operations setup. Lido pools smaller amounts and issues stETH in return, which you can keep using elsewhere in DeFi.
Key points
- Stake any amount
- Stay liquid while staked
How to use
- Connect a wallet
- Choose how much ETH to stake
- Check the stETH you will receive
- Sign to execute
Pros
- No 32 ETH minimum
- Keeps your position liquid
Cons
- stETH can trade away from ETH
- Smart contract risk
- Its share of staking raises decentralisation questions
Safety
- · Verify the official domain
- · Rewards are not guaranteed