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Connect EVM account


UNSTAKE

UNSTAKE STDOT AND RECEIVE XCDOT AFTER UNBONDING PERIOD

stDOT AmountMAXConnect EVM account
Due to the termination of the development and technical support for Lido on
Polkadot and Kusama, it will no longer be possible to add new stake deposits of
DOT and KSM to Lido's protocols starting March 15th, 2023. The unstaking
function remains functional. For more information, please visit the blog post
with the details.
You will receive
≈ 0.0 xcDOT
Exchange rate
1 xcDOT ≈ 1 stDOT
GLMR balance
0.0 GLMR
Transaction cost
≈ 0.4905 GLMR


LIDO STATISTICS

View in Explorer
Annual percentage rate
16.4%
Total staked with Lido
1,244,229 DOT
Stakers
11669
stDOT market cap
$6,685,719
Rewards paid
288,783 DOT


FAQ

What is happening with Lido on Polkadot/Kusama?

Due to the termination of the development and technical support for Lido on
Polkadot and Kusama, it will no longer be possible to add new stake deposits of
DOT and KSM to Lido's protocols starting March 15th, 2023. The unstaking
function remains functional.

For more information, please visit the blog post.

What is Lido for Polkadot?

Lido for Polkadot is a liquid staking solution for DOT backed by
industry-leading staking providers.

Lido lets users earn DOT staking rewards without needing to maintain
infrastructure and enables them to trade staked positions, as well as
participate in on-chain decentralized finance with their staked assets.

Lido for Polkadot gives you:

 * Liquidity through tokenization — no activation delays and the ability to sell
   your staked tokens or use them as collateral in decentralized finance;
 * One-click staking — no complicated steps;
 * Decentralized security — assets spread across the industry’s leading
   validators chosen by the Lido DAO.

What is xcDOT?

DOT is Polkadot's native token. DOT is not ERC20 token and cannot be used by
Moonbeam parachain users. To get around that, xcDOT comes into play. xcDOT is
ERC20 compatible token on the Moonbeam network, which can be received by users
in exchange for DOT. A DOT holder locks their DOT on Polkadot and gets the same
amount of xcDOT on their Moonbeam account using the Transfer tab.

How can I swap my ERC20 to DOT?

You can use bridges or exchanges to deposit ERC20 and withdraw native DOT
tokens.

How does Lido for Polkadot work?

An xcDOT token holder connects their wallet and deposits their tokens into the
Lido program. They immediately receive stDOT tokens that represent a share of
the total pool, and the Lido program delegates DOT to Lido-controlled validators
on the Polkadot network. When these delegations accrue rewards on the allotted
stake, the total DOT under management grows and this increases the value of
stDOT tokens.

What is liquid staking?

Liquid staking protocols allow users to earn staking rewards without locking
assets or maintaining staking infrastructure. Users can deposit tokens and
receive tradable liquid tokens in return. Liquid staking combines the benefits
of staking (earning rewards) and brings liquidity, as well as additional
possibilities to increase your assets or hedge your positions by participating
in DeFi.

Furthermore, the Lido program stakes these tokens with DAO-elected staking
providers. As users' funds are controlled by the program, staking providers
never have direct access to the users' assets. Additionally, by involving
different staking providers, Lido diversifies risks across multiple validators.

What is stDOT?

stDOT is a liquid token that represents your share of the total xcDOT pool
deposited with Lido. As soon as you delegate to the pool, you receive the newly
minted stDOT. Over time, as your DOT delegation accrues rewards, the amount of
your stDOT increases. Interestingly, there is no waiting time for receiving
stDOT tokens. When a user delegates their DOT tokens, they do not need to
perform or wait for the completion of any delegation or activation steps, as is
the norm in traditional staking. The user can instantly exchange stDOT for xcDOT
at any time in the open market.

How the staking exchange rate is calculated?

The amount of stDOT that you will receive is calculated based on the ownership
share. The reason you get slightly less stDOT than xcDOT is due to rounding when
dividing:

shares_amount = amount_of_xcDOT * getTotalShares()
                / getTotalPooledKSM();
stDOT_amount = shares_amount * getTotalPooledKSM()
                / getTotalShares();


Where:

 * amount_of_xcDOT is a given xcDOT you want to exchange
 * getTotalShares() is a call to Lido contract
 * getTotalPooledKSM is a call to Lido contract. This method works with KSM as
   well as with DOT.

What is LDO?

LDO is a token granting governance rights in the Lido DAO. The Lido DAO decides
on the key parameters (e.g., fees) and executes protocol upgrades to ensure
efficiency and stability. By holding the LDO token, one is granted voting rights
within the Lido DAO. The more LDO a user holds, the greater decision-making
power they have when voting.

Which wallets do you support?

As of now, we support only Metamask. We are working on the adoption of other
commonly used wallets.

Why should I prefer liquid staking over traditional?

In traditional Polkadot staking a user has to perform several steps manually:

 * Create a Stash Account and bond DOT to it;
 * Nominate validators;
 * Monitor validator's yield to maximize profit.

Staking on Polkadot requires expert knowledge, the main being the fact that
slashing can get very severe if the staking is managed improperly.

Staking DOT through Lido will come with a variety of benefits:

 * One-step process — just deposit into the pool with a single click.
 * The pool takes care of validator diversification.
 * Immediate appreciation — you start earning from the pool from the moment of
   deposit.

How can I redeem stDOT for DOT?

Withdrawals of xcDOT from the Lido program can be done through the Unstake tab.
However, unstaking directly from the Lido program will incur the Polkadot stake
unbonding period, which is roughly 30 days. Immediate withdrawal options will be
available in the open market through liquidity pools on AMM protocols and other
DEXes where one will be able to immediately exchange stDOT for xcDOT. If you
wish to instantly receive xcDOT, we recommend trading stDOT directly on an
exchange.

xcDOT can be instantly exchanged for DOT through the Transfer tab.

What is GLMR and why should I have it?

GLMR is Moonbeam’s native token. As on Ethereum, the Moonbeam network charges
some fee to execute a transaction. When you perform Stake, Unstake, Claim, or
Transfer, you have to pay a transactional cost, so you should hold GLMR on your
Moonbeam balance to cover it.

These fees are relatively small and substantially lower than 0.001 GLMR.

Learn more on Moonbeam official site

How can I calculate my earnings?

Your current stDOT balance also indicates the number of DOT it is worth. This
means that if you were to redeem all of your stDOT tokens today, you would
receive the indicated number of DOT tokens. If you subtract this DOT amount from
the amount of DOT invested in the Lido program, you get your lifetime earnings.
You can also see the annualized APR for staking with Lido on the Moonbeam
network.

What are the risks involved?

 * Downtime risk:
   
   Polkadot validators can go offline, in which case they do not earn staking
   rewards. To minimize this risk, Lido stakes across multiple professional and
   reputable node operators with heterogeneous setups. This will also serve to
   mitigate potential slashing risks.

 * stDOT price risk:
   
   As mentioned above, withdrawals from the Lido program take some time to
   deactivate. Liquidity pools in the open market will be available for
   instantly redeeming stDOT for DOT. On such pools, users risk an exchange
   price of stDOT, which is lower than the inherent value due to withdrawal
   restrictions on Lido, making arbitrage and risk-free market-making
   impossible. The Lido DAO is driven to mitigate the above risks and eliminate
   them to the extent possible. Despite this, they may still exist, and hence it
   is our duty to communicate them.

What fee is applied by Lido?

Lido applies a 10% fee on a user's staking rewards. This fee is split between
node operators, the DAO treasury, and Lido for Polkadot developers. This fee cut
is applied to incentivize Lido maintainers.

How long goes unbonding period?

In the Polkadot network unbonding period usually takes 30 days.

How can I claim my xcDOT tokens after unbonding?

When unbonding period is over, you can claim your xcDOT tokens, that your
request for redeem, simply by clicking on the "Claim" button on the "Unstake"
page.

Visit documentation

RESOURCES

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CONTACTS

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AllowDecline
Lido on Polkadot is shutting down

Due to the termination of the development and technical support for Lido on
Polkadot and Kusama, it will no longer be possible to add new stake deposits of
DOT and KSM to Lido's protocols starting March 15th, 2023. The unstaking
function remains functional.

For more information, please visit the blog post.