How to Stake Lido ETH with MEW Mobile
MEW Mobile app is a free, non-custodial, and open-source web3 mobile wallet built by the MyEtherWallet team. With MEW Mobile, users and developers can generate accounts, manage tokens and NFTs, and interact with DApps on Ethereum and other EVM chains. Follow the instructions in this guide in order to liquid stake your ETH on Lido!
Using Lido Finance in MEW Mobile, you can stake your ETH without minimums, and also keep the liquidity to use in other DApps and DeFi.
Staking, like any decentralized finance operation, involves inherent risks. Please do your research and keep in mind that Lido is a third-party provider supported by MEW Mobile. MEW does not have custody of your assets or your stake.
Staking ETH
First, unlock your wallet then select the ‘Earn’ option on the navigation bar at the bottom of the screen.
Select the ‘Ethereum liquid staking’ option.
There will be a pop up informing you about staking and the risks associated. Click ‘Start Staking’.
Enter the amount you want to stake then click the ‘Stake’ button at the bottom
There will be another disclaimer about the risks involved and the terms of service. Click ‘Accept’ to continue with your stake.
Review your stake and check the checkboxes once you have verified your stake is correct. Click ‘Check and Confirm’ to continue.
You should see your ETH is being processed by Lido.
Once it is finished being processed you should see the pop up change to a checkmark.
Now you just need to wait for the transaction to be validated on the blockchain.
Once the transaction is confirmed on the blockchain, you should see your stake under ‘Currently staking’.
You should also be able to see your stETH in your tokens list. You can use these tokens in other DApps such as Aave to provide collateral for a loan or Uniswap to add liquidity to a pool.
Thank you for checking out our guide on staking ETH on Lido with MEW Wallet! We would love to hear from you on our social media about any guide suggestions you have for the future. Don’t forget to download MEW Wallet and share the app with your friends! If you prefer a browser experience, check out Enkrypt, our multichain browser wallet!