How to Stake ETH with Lido Using imKey?

What is Lido?

Lido is a liquid staking protocol that allows you to participate in Ethereum staking while keeping your assets flexible and usable.

With traditional staking, tokens are locked and cannot be used for a period of time. When you stake ETH via Lido, you receive stETH, a token that represents your staked ETH. stETH can be used in DeFi such as trading and lending to earn additional yield. This way, you can earn staking rewards while retaining liquidity.

Currently, the estimated APR for staking ETH via Lido is around 2.6%. This rate adjusts dynamically based on Ethereum network conditions. Please refer to the staking page in the app for the most up-to-date yield information.

You can also convert your stETH back to ETH at any time through Lido’s official channels or decentralized exchanges (DEXs) such as 1inch, allowing you to manage your tokens flexibly.

How to Stake ETH

1. Connect Your Wallet to Lido

• Before you start, make sure your phone is connected to your imKey hardware wallet via Bluetooth to ensure a smooth process.
• Open imToken, tap the icon in the upper left corner to enter the “Select Account” page, then select the Ethereum account under your imKey hardware wallet. On the account homepage, tap “Stake” in the function bar.
• Enter the imToken stake page and confirm connecting your wallet.
• Tap Liquid staking → Stake, then Confirm to connect your wallet.

2. Stake ETH

• Enter the amount of ETH you want to stake.
• Tap “Stake”, then confirm the signature on your imKey to submit the staking transaction.
• Wait for the transaction to be confirmed.

How to View Staking Rewards

After the transaction is completed, tap “Rewards” at the bottom of the page to view your staking rewards.

Under “Reward History”, you will see your stETH balance.

• stETH balance = staked ETH + ETH rewards from the Ethereum network (stETH rewarded). The stETH balance on this page is updated automatically on a daily basis.

💡How to Add stETH to the Wallet Home Page

• Return to the ETH account home page of your imKey wallet in imToken. Tap “+” → “All My Assets”. Check STETH to add it to your account home page.

How to Unstake and Withdraw ETH

1. Choose a Withdrawal Method

Open Lido, then tap “Withdrawals” at the bottom of the page to view available options.

• Use Lido
  Swap stETH back to ETH at a 1:1 ratio. After submitting the withdrawal request, you need to wait about 5 days before manually claiming your ETH.
  Note: The waiting time depends on Ethereum’s validator exit queue and withdrawal window. Please refer to the real-time information shown on the page.
• Use DEXs
  Swap stETH for ETH via DEXs such as 1inch. This usually completes within minutes, but requires paying DEX swap fees and may not result in a 1:1 exchange due to slippage or market price deviations.

2. Submit a Withdrawal Request (Using Lido as an Example)

• Enter the amount of ETH to withdraw  (stETH amount).
• Tap “Request withdrawal”.

3. Approve the Lido Contract and Withdraw ETH

💡 Why is this step required? This authorization allows the Lido contract to access the specified amount of your stETH so it can return ETH to you later.

• Your wallet will prompt an Approve request.
• Verify the approval amount and tap Confirm to sign.
• On the next page, tap Sign again to submit the withdrawal transaction.

4. Wait and Claim ETH

• In the Withdrawals tab, check the estimated claim time under Claim.
• After the waiting period ends, return to this page and tap “Claim ETH”.
• Pay the gas fee to receive ETH back into your wallet.

Once the transaction is completed, you can view the received ETH on your ETH account home page.

Lido Official Channels

• Official Website: https://lido.fi
• X (Twitter): https://x.com/lidofinance
• Discord: https://discord.com/invite/lido
• Help Center: https://help.lido.fi/en

Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imKey does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.