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Project Introduction
Lido is a liquidity staking platform that allows users to earn rewards while staking Ethereum. It is a secure and decentralized protocol currently running on the Ethereum, Solana and Polygon networks
The bear market adheres to the wretched development strategy, retains its strength, and shoots bullets to earn excess returns when the bull market comes.
The bear market that is stable and has high returns is none other than staking. When talking about the staking track, we cannot do without the leading LIDO
For traditional Staking, although you can earn staking income, it will face problems such as technical thresholds, a lock-up period for exit, and a minimum threshold (at least 32 ETH). However, Lido Staking can not only earn staking income, but also pass You can exit immediately by selling staking tokens, and there is no minimum threshold.
For Staking projects with longer lock-up periods, liquidity staking becomes more important. Lido allows retail investors to pledge any amount of ETH through the platform. The pledged ETH becomes stETH and can be exchanged for ETH at any time, which perfectly solves the pain points of traditional staking.
Lido matryoshka tutorial
Double interest rate hike APY can be as high as 20%
Step 1: Invest in Lido to get stETH
1. Open OKX Wallet, select the DeFi section below, click on the first recommendation in the popular section to enter Lido-ETH investment products
2. Click the [Subscribe] button on the Lido-ETH investment product details page to enter the orderer page;
3. Enter the amount of ETH you want to invest, enter the amount and click [Next] to enter the confirmation section;
4. Click the [Subscribe] button at the bottom to complete Lido investment and get stETH.
Tips: OKX Wallet DeFi provides one-click cross-currency investment. Click the currency box and select your existing currency. You can use other currencies to complete the investment.
Step 2: After completing the Lido investment, invest in Cian to get a double interest rate increase
1. Return to the homepage of the DeFi section, click on the second recommendation in the popular section to enter Cian-stETH investment products
2. Click the [Subscribe] button on the Cian-stETH investment product details page to enter the orderer page;
3. Enter the amount of stETH you want to invest, enter the amount and click [Next] to enter the confirmation section;
4. Click the [Subscribe] button at the bottom to complete Cian investment and get double interest rate increases.
Note: You must use the stETH obtained from Lido to invest in Cian-stETh after completing the investment in Lido to enjoy the double interest rate increase. You cannot use the one-click cross-currency investment function on Cian-stETH, otherwise you will be rewarded with interest increases on Lido-ETH.
Generally speaking, operating Lido in the okx wallet is very simple, and the data display is relatively clear. If you are an ETH currency holder or a large investor, then participating in Lido staking can not only steadily obtain stable annualized returns, but also pledge The obtained stToken (such as stETH) can also get double rewards when participating in cain. Isn't it very comfortable!
