Staking ETH with Lido

Staking ETH through Lido deposits your ETH into Lido's smart contract on Ethereum. In return you receive stETH, which represents your staked ETH plus its rewards and is held in your Hex Safe vault.

Key facts

Minimum stake	None
What you receive	stETH, held in your Hex Safe vault and in Hex Trust custody
Rewards	Added to your stETH balance automatically by a daily rebase
Rewards start	As soon as your ETH is deposited into Lido
Lock-up	No fixed lock-up. Redemption time depends on network conditions; Hex Safe shows the estimate
Network	Ethereum mainnet only
Custody	Your ETH moves into Lido's smart contract; the stETH you receive stays in Hex Trust custody

Stake ETH

1. Go to Staking, find ETH (Lido) and click Stake.
2. Read the staking information and click Continue.
3. Choose the Safe vault to stake from and click Continue.
4. Read and accept the terms and conditions.
5. Enter the ETH amount and click Stake.
6. Confirm in your Hex Safe Mobile App. Users with the Approver role then approve it.

Unstake ETH

You'll receive an NFT

Unstaking gives you an NFT. Once the unstaking period ends, you must redeem that NFT in Hex Safe to get your ETH.

1. Go to Staking, find your position, click the … button and choose Unstake.
2. Check the amount, network and vault, then click Continue.
3. Confirm in your Hex Safe Mobile App. Approvers then approve it.

Redeem the NFT for ETH

1. Go to Staking and find the position that's ready to redeem.
2. Click the … button and choose Redeem.
3. Check the asset, network and vault, then click Confirm.
4. Confirm in your Hex Safe Mobile App. Approvers then approve it. The ETH then appears in your vault.

FAQs

Can I unstake at any time? Yes, but the ETH is only available after the unstaking period ends.

Can I move my stETH to another wallet? Yes, but if it leaves Hex Safe you'll need to handle redemption yourself.

Where can I see my rewards? In your stETH balance, and on the Staking page.

Can't find your answer? Contact clients@hextrust.com.