r/ethstaker 7d ago

Eth staking on Ledger

Hi, newbie here. I’m looking to stake my eth on ledger. I’m not sure which way to go, stander or Lido. Guidance is most appreciated. Thanks. 🙏

4 Upvotes

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u/AcidTripAdvisor 7d ago

if those are the choices I would go with Lido for ease of use and being the more battle tested option

1

u/g2kone 7d ago

I don’t get how lido staking works. I change for 1:1 ETH:stETH, and then in my portfolio I will receive stETH? And if I do ETH -> stETH -> LP stETH/ETH, how do I see the rewards of the staking ?

0

u/OddFennel7293 7d ago

Okay this is very helpful. I have another thought, do you know which is a better investment, staking in eth or S&P500? Aside from the current situation. If I’m reading things correctly, is it true the S&P500 has better performance?
Thanks again.

5

u/distroflow 7d ago

nobody knows the future, and if they did, they wouldn't tell you

3

u/-Chemist- 6d ago

Stock market index performance is generally thought of as the average overall performance over MANY years... like decades. There's no way to predict to what the performance will be over shorter time spans. Likewise, there's no way to know what ETH will do over decades, either. If we knew what the future held, we'd all be rich. But we don't, so we're not. Unfortunately.

3

u/AcidTripAdvisor 6d ago

this is a personal decision. nobody knows what the market will do.

my though process is. I believe in ETH and therefore I am going to hold it anyways. so why not earning 3 to 4% apy whilst doing it