Introduction
Staking 0x Protocol can be a great option for those who want to hold ZRX but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain 0x Protocol (ZRX) tokens
In order to stake 0x Protocol, you need to have it. To obtain 0x Protocol, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a 0x Protocol wallet
Once you have ZRX, you’ll need to choose a 0x Protocol wallet to store your tokens. Here are some good options.
- 3
Delegate your ZRX
We recommend using a staking pool when staking ZRX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ZRX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the 0x Protocol network. You’ll be rewarded with ZRX for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
0x Protocol (ZRX) is currently priced at $0.4584, with a 24-hour trading volume of $10.50M. In the last 24 hours, 0x Protocol has seen an increase to 1.48. The market cap of 0x Protocol stands at $382.96M, with 847.50M in circulation. For those looking to buy or trade 0x Protocol, reputable platforms like Binance, BTSE, Kraken, YouHodler, Coinbase and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $382.96M
- Volume
- $10.50M
- Circulating supply
- $847.50M
