Lido on Polkadot, developed in collaboration with MixBytes, is a liquid staking solution for DOT. Users can stake their DOT with Lido on Polkadot/Moonbeam to earn daily staking rewards and benefit from the many opportunities available across the Moonbeam and greater Polkadot DeFi ecosystems.

To get started, visit ​​polkadot.lido.fi.

Wrap & Unwrap your stDOT

To wrap your stDOT to wstDOT:

  1. Visit polkadot.lido.fi/wrap to get started.

  2. Choose whether to wrap your stDOT or xcDOT.

  3. Choose the amount of tokens to wrap and press Unlock.

  4. Confirm the transaction using your wallet.

  5. Once unlocked, press Wrap and confirm the transaction in your wallet.

To unwrap your wstDOT back to stDOT:

  1. To unwrap your tokens, switch to the Unwrap tab. The process here is similar.

  2. Choose the amount of wstDOT to unwrap and press Unwrap.

  3. Confirm the transaction using your wallet.

Voila - that's it!

For more information, refer to the Lido on Polkadot Docs.

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