Lido
The details of our integration with Lido.
Overview
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.
What is stSOL?
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.
How to stake with Lido Stake Pool?
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.
How to unstake from Lido Stake Pool?
To unstake SOL:
To unstake your SOL simply use Jupiter swaps to swap stSOL to SOL or any other token.
To do this navigate to the "Vault" tab, select stSOL in the "Swaps" section and choose the token you wish to swap to.
Upon executing the swap transaction, you will no longer earn yield.
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