Staking stETH. Passive income from stETH tokens.
In addition to generating revenue from staking, stETH can be used in the same way as ETH in the DeFi ecosystem and get passive income up to 12% APR.
stETH is the ETH’s staking derivative provided by LIDO, the liquid staking protocol in DeFi.
About staking stETH.
With the advent of XBANKING - staking platform and liquid pools, it is now possible for the first time to place LIDO Staket Ether (stETH) tokens with high yields into staking.
Annualised returns range from 7 to 12% APR, depending on the duration of the asset allocation in staking.
Staking stETH
STEP 1: Go to https://xbanking.org and click "Launch App":
a) Click "Select wallet" and connect wallet (the page will reload after connection)
b) Enter token amount or press "MAX".
с) Choose the placement period, the longer the placement period, the higher the yield.
d) Press "Confirm Staking" and follow your wallet's instructions.
Staking stETH risks
- Your ETH is at stake
- There are penalties, which cost ETH, for going offline
- Malicious behavior can result in 'slashing' of larger amounts of ETH and forced ejection from the network
There is no risk of stETH steaking, because the tokens are blocked on the network and no one but you has access to them.
Staking stETH: https://xbanking.org