::
Hey there, to clarify a bit, Staking ETH with both Lido and Kiln through Ledger Live has its own advantages and potential drawbacks.
For Lido, some of the Pros are that:
– Lido allows for liquid staking, meaning you can stake your ETH and still have it available for use in the form of stETH.
– It’s a decentralized and secure solution for Ethereum 2.0 staking.
Cons:
– The stETH tokens you receive in return for staking are subject to market fluctuations and may not always represent 1:1 value with staked ETH.
– There’s a risk of penalties if the overall Lido pool suffers slashing events.
Additional guide on Lido: [https://support.ledger.com/hc/en-us/articles/4406882832401-Staking-ETH-through-Ledger-Live-with-Lido](https://support.ledger.com/hc/en-us/articles/4406882832401-Staking-ETH-through-Ledger-Live-with-Lido)
However, for Kiln, the Pros resonate around:
– Kiln operates the validators on your behalf, reducing the technical complexity of staking.
– It has a strong track record with no history of slashing events.
Cons:
– Your staked ETH is locked until Ethereum 2.0 fully launches.
– There’s a risk of penalties if the validators operated by Kiln perform incorrectly.
Additional guide on Kiln: [https://support.ledger.com/hc/en-us/articles/7732713721373-How-to-stake-ETH-with-Kiln-through-Ledger-Live](https://support.ledger.com/hc/en-us/articles/7732713721373-How-to-stake-ETH-with-Kiln-through-Ledger-Live)
Remember, staking involves risk and it’s important to understand these risks before proceeding.