Stake SOL and receive stSOL while staking
You will receive
Staking rewards fee
Lido statisticsView on Block Explorer
Annual percentage rate
Total staked with Lido
stSOL market cap
What is Lido for Solana?
Lido for Solana is a liquid staking solution for SOL backed by industry-leading staking providers. Lido lets users earn SOL staking rewards without needing to maintain infrastructure and enables them to trade staked positions, as well as participate in on-chain decentralized finance with their staked assets.
Lido for Solana gives you:
How does Lido for Solana work?
What is liquid staking?
What is stSOL?
What is LDO?
Why should I prefer liquid staking over traditional staking?
How can I redeem stSOL for SOL?
How can I calculate my earnings?
What are the risks involved?
Solana staked via the Lido DAO is held across multiple accounts backed by a multi-signature threshold scheme to minimize custody risk. If signatories across a certain threshold lose their key shares, get hacked, or go rogue, we risk funds becoming locked.
Solana validators can go offline, in which case they do not earn staking rewards, lowering the return of SOL stakers. To minimize this risk, Lido stakes across multiple professional and reputable node operators with heterogeneous setups. This will also serve to mitigate potential slashing risks, should Solana implement slashing penalties in the future. There is also the possibility for additional mitigation for hypothetical slashing risks in the form of insurance paid from the Lido treasury.
As mentioned above, withdrawals from the Lido program take some time to deactivate. Liquidity pools in the open market will be available for instantly redeeming stSOL for SOL or stablecoins like USDC and USDT. On such pools users risk an exchange price of stSOL which is lower than the inherent value due to withdrawal restrictions on Lido, making arbitrage and risk-free market-making impossible. The Lido DAO is driven to mitigate the above risks and eliminate them entirely to the extent possible. Despite this, they may still exist and, as such, it is our duty to communicate them.
What fee is applied by Lido? What is it used for?