Fireblocks Integrates with Lido for Easy Liquid Staking and stETH Access

According to BlockBeats, on September 25, in response to growing institutional demand, Fireblocks has reached an integration partnership with Lido to provide simple and secure Lido liquid staking protocol and built-in access to stETH tokens.

Users can now stake their ETH, earn rewards, and “use stETH for on-chain activities, including the Fireblocks Off Exchange feature, which allows Fireblocks users to lock their stETH in a self-custodial staking wallet to trade on exchanges like Deribit and Bybit.”

Liquid Staking enables users to “move and leverage staked tokens without the strict requirements of stakers locking up assets on the Ethereum network.” The feature allows users to deposit tokens and “receive tradable liquid tokens (stETH) in return, unlocking the ability to earn staking rewards while maintaining liquidity and access to their assets.”

Liquid staking through Lido could be “extremely useful for institutional ETH holders, providing the ability to stake without having to maintain complex staking infrastructure.”

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