How to Unstake Ethereum (ETH) on Lido
Step-By-Step Guide on How to Unstake ETH on Lido
This page is going to focus on how to unstake ETH via Lido. In case you haven’t staked your $ETH yet, you can check out this guide on how to liquid stake your $ETH via Lido.
Let’s jump straight into the tutorial. 👇
Step 1: Visit Lido and head to the “withdrawals” section
Step 2: You will then have an option between “Request” or “Claim”. Click on “Request”.
Step 3: Under “Request”, you will have two options to unstake your $stETH:
- Use Lido to unstake at a 1:1 ratio, but has a waiting time of 6 days.
- Use DEXs to unstake your $stETH within minutes, but at a 1:0.9996 ratio.
For example, if you had $1,000 worth of ETH staked, the difference between unstaking on Lido and swapping on a Dex is about $0.40
There is a tradeoff between urgency and quantity. If urgency is a priority, we suggest going through DEXs (like Milk Road Swap).
Step 4: Click on “Use DEXs” and choose a DEX of your choice. Out of the DEXs listed on the platform, we prefer 1inch.
But if you want to use a DEX that has the lowest fees, we recommend Milk Road Swap.
Step 5: Once redirected to the 1inch website, input the amount of $stETH you wish to unstake and click on confirm.
You have now successfully traded your $stETH to $ETH, which is the equivalent of unstaking your $ETH.
Note: You will need to hold extra $ETH in your wallet to pay for gas fees for your transaction.
If you want to pay less gas, you can choose to stake on layer 2 networks like Arbitrum, Optimism, Base, etc.
Frequently Asked Questions (FAQs)
It depends on which route you take:
• You can use Lido to unstake at a 1:1 ratio but has a waiting time of 6 days.
• You can use a DEX like Milk Road Swap to unstake your $stETH within minutes but at a worse ratio.
Lido is generally a safe platform but like all crypto protocols, it doesn’t come with risk. Do your own research before choosing your staking platform.
Yes, you will get exactly 1 ETH per 1 stETH if you unstake directly via Lido but this process has a longer waiting time.
Your other option is to unstake via a DEX like Milk Road Swap which is instant but gives you a slightly lower exchange rate.
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