Dear All Things Flooz readers

Stake your $ETH on Flooz.xyz – daily rewards, no lock ups. Let’s dive into what this means, and how you reap the rewards 👇

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In close partnership with Lido Finance, industry leading blockchain staking providers, we’re going to introduce you to the world of staking!

Get ready to Stash and Stake your $ETH on Flooz.xyz 🧮  🧮  🧮 

Today we’ve partnered up with Lido – a fully decentralized liquid staking solution that operates on the Ethereum, Solana, and Polygon blockchain networks. It allows you to stake your tokens and earn rewards without locking up your assets. When you stake crypto with Lido, you receive utility tokens (e.g. stETH for ETH, stSOL for Solana’s SOL, and stMATIC for Polygon’s MATIC) in return.

These tokens represent your staked assets and the rewards you earn.

By far the most popular token minted by Lido is stETH, which represents staked ETH.

The value of stETH is pegged to the value of ETH, and it increases over time as staking rewards are accrued, available for payout on daily basis.

🏁 Why did we choose Lido?

Lido Finance offers several benefits for stakers, and for anyone else who’s simply got some $ETH floating around in their wallet.

🪙 It eliminates the need to run your own node, which can be technically challenging and time-consuming; e.g. simply buy stETH to stake!

💸 It also allows you to stake any amount of tokens, unlike Ethereum's native staking system that requires 32 ETH 🤯

💱 Lido’s staked tokens like stETH are usable in DeFi, e.g. as collateral in borrowing protocols like Maker, so you can stay liquid while making the most of your crypto with passive staking income over time.

Read on for governance info, risk and steps to staking! Flooz has you covered 🏁

🛠 Governance on Lido

Lido operates under a decentralized governance model. LDO token holders have the power to make decisions about the protocol's future.

They can vote on proposals and influence key aspects of the protocol. Lido also has various security measures in place to protect stakers and ensure the smooth operation of the protocol.

🙋‍♂️ How to stake ETH on Flooz using the Lido protocol

Staking your ETH on Flooz is a straightforward process that can be completed in a handful of steps. Here's a simple guide on how to do it 👇

👛 Connect Your Wallet: Visit Flooz.xyz and look for our famous swap widget, as you can see “Staking“ is now included. Make sure that the wallet you are connecting contains the ETH you wish to stake.

🔢 Enter the Amount to Stake: Once your wallet is connected, you can enter the amount of ETH you want to stake in the "ETH amount" field.

💎 Stake Your ETH: After entering the amount, click on the "Submit" button to initiate the staking process. You'll need to confirm the transaction in your wallet.

🙌 Receive stETH: Once the transaction is confirmed, you'll receive an equivalent amount of stETH tokens in your wallet. The exchange rate is 1 ETH = 1 stETH. These tokens represent your staked ETH and the rewards they earn.

🔍 Monitor Your Staking: You can monitor your staking rewards and the total amount of ETH staked with Flooz.xyz on the same page. The current annual percentage rate (APR) for staking ETH on Lido is displayed (4.3% right now), along with the total staked ETH and the number of stakers.

Before diving in, note that there's a 10% staking rewards fee applied by Lido, which is used to support the operation and development of the protocol.

👀 Risks of staking $ETH

Participating in Lido, as with any DeFi project, comes with its own set of challenges. Over at Flooz, we have evaluated and carefully tested this feature, making sure it’s right for you!

However, we believe in providing full transparency over everything we bring you! Here are some of the potential risks you might encounter when staking:

🐜 Contract Vulnerability Risk: Lido's operations are based on smart contracts. Despite the fact that the code is open-source, has undergone audits, and is protected by a comprehensive bug bounty program to reduce risks, the possibility of bugs or vulnerabilities in the smart contracts always exists.

🗡️ Slashing Penalty Risk: Validators on Ethereum could face penalties if they fail to fulfil their responsibilities properly. Lido addresses this risk by distributing stakes across several professional and trustworthy node operators with varied configurations. Furthermore, Lido maintains an insurance fund, financed by its fees, to provide additional risk mitigation.

📉 stETH Value Risk: The market price of stETH could potentially fall below its intrinsic value due to Lido's withdrawal limitations, which could hinder arbitrage and market-making activities.

🔭 Zooming out

In conclusion, Flooz has integrated Lido to offer you a compelling solution for those interested in staking on Ethereum!

Combining the benefits of earning staking rewards with the flexibility of maintaining liquidity, making it an attractive choice for both new and experienced stakers using their Flooz.xyz Portfolio 🖲

Eyes 👀 on the key indicators

• 📚 Lido's FAQ

• 🕵️ Flooz LDO hub

• 🦙 DeFi Llama Lido dashboard

Your 🫵 action steps

1. 💸 Get familiar with the liquid staking guides above!

2. 👁️ Check out the rest of our All Things Flooz content

3. 💪 Put this knowledge to work via Flooz.xyz 

💵 Resource hub

Listen in to Lido’s very own Seraphim via this conversation 👇

Our good friends at Cointelegraph also created a comprehensive guide on how to stake your assets using Lido – learn about how ‘Liquid Staking’ differs from traditional models, and how you can reap the benefits!

Last but not least, we have a full review on Lido from Milk Road Newsletter – the owners of our newsletter tool (Beehiiv) acquired their platform in December last year, and have continuoud to push our great content 👇

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Written by Lewis 🕵️

^{_{Not financial or tax advice. All Things Flooz content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this newsletter to products we use. We may receive commission if you make a purchase through one of these links. Additionally, the Flooz team hold crypto assets. See our investment disclosures here. | Terms & Conditions – Privacy Policy}}