Introduction
Staking Arbitrum can be a great option for those who want to hold ARB 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 Arbitrum (ARB) tokens
In order to stake Arbitrum, you need to have it. To obtain Arbitrum, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Arbitrum wallet
Once you have ARB, you’ll need to choose a Arbitrum wallet to store your tokens. Here are some good options.
- 3
Delegate your ARB
We recommend using a staking pool when staking ARB. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ARB, 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 Arbitrum network. You’ll be rewarded with ARB 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
Arbitrum (ARB) is currently priced at $0.9864, with a 24-hour trading volume of $261.72M. In the last 24 hours, Arbitrum has experienced a decrease to -3.19. The market cap of Arbitrum stands at $2.70B, with 2.65B in circulation. For those looking to buy or trade Arbitrum, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and Nexo offer avenues to do so securely and efficiently.
- Market cap
- $2.70B
- Volume
- $261.72M
- Circulating supply
- $2.65B
