Lido
The details of our integration with Lido.
Last updated
The details of our integration with Lido.
Last updated
Users can deposit their SOL holdings into Lido stake pool, which lets them earn staking rewards and receive stSOL token, which can be used to gain additional yield.
Lido is a liquid staking solution that allows users to stake their SOL holdings without locking them up. With Lido, users receive stSOL tokens which are issued 1:1 to their initial stake. stSOL can then be used to earn additional rewards through DeFI protocols, which can be accessed directly from the Squad via the "Apps" section.
To stake SOL:
Navigate to the "Staking" tab and select "Liquid" section.
2. Click on the "Lido stake pool" block.
3. Select the amount of SOL you wish to delegate to the pool and click "Deposit" button.
Please note that staking happens in epochs. Each epoch lasts approximately 3 days. If you stake during an ongoing epoch, you will start earning staking rewards after the start of the next epoch.
4. Your SOL will start the activating period upon the transaction execution (more on the transactions here) and will appear in the vault as the stSOL. Once the new epoch starts, you will start earning rewards.
To unstake SOL:
To unstake your SOL, you can swap stSOL to SOL or any other token.
Swaps on v3 are no longer supported. Please migrate your assets to https://app.squads.so/ in order to swap your tokens.
Once migrated, learn about swaps on v4 here.
If you have any questions, please reach out to us on Discord.
