Introduction
Staking Aave can be a great option for those who want to hold AAVE 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 Aave (AAVE) tokens
In order to stake Aave, you need to have it. To obtain Aave, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Aave wallet
Once you have AAVE, you’ll need to choose a Aave wallet to store your tokens. Here are some good options.
- 3
Delegate your AAVE
We recommend using a staking pool when staking AAVE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AAVE, 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 Aave network. You’ll be rewarded with AAVE 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
Aave (AAVE) is currently priced at $84.66, with a 24-hour trading volume of $90.36M. In the last 24 hours, Aave has experienced a decrease to -0.37. The market cap of Aave stands at $1.23B, with 14.81M in circulation. For those looking to buy or trade Aave, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and Nexo offer avenues to do so securely and efficiently.
- Market cap
- $1.23B
- Volume
- $90.36M
- Circulating supply
- $14.81M
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