Download Trust Wallet

How to Earn Ethereum Using Trust Wallet

Published on: Jul 24, 2023
Share post
In Brief

Earn Ethereum using Trust Wallet with Web3 protocols like Lido and RocketPool. Explore the benefits of decentralized protocols and the ease of Trust Wallet's Chrome extension.

How to Earn Ethereum Using Trust Wallet

In this guide we’ll cover two ways to earn Ethereum using Trust Wallet – namely, using two Web3 protocols, Lido and RocketPool. Trust Wallet allows you to earn crypto in a number of ways, including in-app staking or connecting to protocols via the Web3 dApp browser.

Before you start earning Ethereum using Trust Wallet

Before we dive into how to earn Ethereum using Trust Wallet, you’ll need to create a wallet if you don’t already have one. Trust Wallet is available as a mobile app or you can get the Trust Wallet Extension for your desktop web browser. In this example, we’ll set up a new wallet using the Trust Wallet Mobile App.

Step 1: Download the latest version of the Trust Wallet App.


Step 2: Set up your new wallet


Tip: If you already have a wallet that’s not Trust Wallet, you can choose to import that wallet. In this case, you’d choose the “I already have a wallet” option.

Step 3: Ensure you have ETH in your wallet

You’ll need ETH in your Trust Wallet to cover any gas fees and to use the protocols.

How to earn ETH using Lido

Lido is a liquid staking protocol that allows you to stake your ETH without having to lock it up. This means that you can still use your ETH while it is staked, and you can even unstake it at any time. Lido does this by issuing a token called stETH, which is pegged to the value of ETH. When you stake your ETH with Lido, you will receive stETH in return. You can then use stETH to trade, lend, or provide liquidity on DeFi platforms.

Step 1: Connect to Lido



How to earn ETH using Rocket pool

Rocket Pool is a staking pool designed for Ethereum 2.0. The protocol is aimed at reducing the financial and equipment requirements for staking on ETH 2.0, thereby enhancing Ethereum's decentralization and security. To accomplish this, Rocket Pool offers a platform for users to engage in trustless staking with a network of node operators. When users stake with these node operators, they are given rETH, a liquid ERC-20 token equivalent to 1 staked ETH that earns yield. As long as users' ETH assets remain staked with Rocket Pool node operators, they have full discretion over their rETH, which includes the ability to engage with other DeFi protocols.

Step 1: Connect to Rocket Pool



The Power of Web3 and Decentralized Protocols

As we come to the end of our guide on earning Ethereum using Trust Wallet, it's important to recognize the transformative power of Web3 and decentralized protocols. Web3, also known as Web 3.0, is the next generation of the Internet where applications interact with decentralized networks. This is a game-changer for financial transactions and introduces innovative ways to earn more crypto.

Web3 wallets, such as the Trust Wallet, provide users the flexibility and autonomy to connect with various decentralized protocols directly. Whether you're staking with Lido or RocketPool, your crypto wallet acts as a gateway to these DeFi services. These protocols allow you to stake your crypto assets, earning rewards while contributing to the security and decentralization of the Ethereum network.

It’s also worth noting that Trust Wallet is easily accessible not only on your mobile device but also on your desktop. It is conveniently available as a Chrome extension on the Chrome web store, making it effortless to manage your assets while browsing the web.

In a nutshell, using a Web3 wallet to interact with open, decentralized protocols can offer numerous opportunities to earn more crypto, and platforms like Trust Wallet make this process seamless and user-friendly.

As we wrap up, remember that the world of decentralized finance is rapidly evolving, and it's crucial to stay updated with the latest tools and protocols that can increase your crypto holdings. Always remember to do your own research and happy earning!


Join the Trust Wallet community on Telegram Follow us on Twitter Instagram Facebook Reddit

Simple and convenient
to use, seamless to explore

Download Trust Wallet