Complete guide: How to participate in Ethereum staking with Simple CSM
If you're reading this blog, you’re probably already familiar with Simple CSM, our innovative solution that simplifies the launch of Ethereum validators while leveraging the benefits of Lido CSM.
If this is new to you, here’s everything you need to know to get started, along with a step-by-step guide to help you through the process.
What is Simple CSM and what are its advantages?
Simple CSM by Stakely is an all-in-one tool that you can access via subscription, designed to simplify secure, efficient, and tech-free access to Ethereum validation.
When you sign up, you’ll enjoy:
- Low costs: Starting from just $5 per month per validator.
- Quick and easy process: Just 3 simple steps.
- Full control and autonomy: Always maintain control over your assets.
How to participate in Ethereum staking with Simple CSM?
Launching your validator on Lido's CSM module with Stakely is as simple as following these steps:
- Register and choose your plan Sign up for Simple CSM and select the payment plan that best fits your needs, with options for monthly, quarterly, or annual plans. On our platform, you’ll find the benefits of each option to maximize your savings.
- Decide the number of validators to deploy You can start with a single validator or deploy multiple at once, depending on your goals.
Remember, you can use our Lido CSM rewards calculator to estimate your earnings based on how much ETH you plan to deposit or the number of validators you wish to activate.
- Download the deposit data from our platform Generate and download the deposit data file for your validators, which is required for setting up your validators later on Lido.
- Upload your deposit data to the Lido CSM page Connect your wallet to the Lido CSM platform. Then, upload your validator keys via the “Submit” tab.
Next, choose the token you’d like to leave as a deposit, such as stETH, to generate additional staking rewards beyond the validator’s rewards. Finally, upload the deposit data and click Submit Keys.
This is how, in no time, your validators will be active, and you’ll start enjoying the benefits, typically within 24 hours after starting the process.
Frequently asked questions
How long should I wait to start receiving rewards? The time varies depending on the deposits in the Lido system and the pending validator queues. Typically:
- Once enough ETH deposits are made in Lido, the protocol distributes the ETH among the pending validators.
- This can take from a few hours to several days, depending on how many validators are in the queue.
What happens if an error occurs during the process? Errors are unlikely due to the strength of the Ethereum network and the Lido protocol. However, if a problem occurs, our team will be available to assist you and keep you informed at all times.
Can I cancel the service at any time? You can cancel your subscription at any time and get back your initial deposit. However, if you wish to start the “exit” process for your validator, you’ll need to request this process manually through our platform.
Simplify Your Staking with Stakely
With Simple CSM, we’re taking a step forward toward more accessible, transparent, and secure staking, removing the technical barriers, and allowing you to enjoy the benefits of Ethereum staking without the hassle.
Discover more and start your Ethereum validator experience today:
