Introduction
Staking Axie Infinity can be a great option for those who want to hold AXS 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 Axie Infinity (AXS) tokens
In order to stake Axie Infinity, you need to have it. To obtain Axie Infinity, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Axie Infinity wallet
Once you have AXS, you’ll need to choose a Axie Infinity wallet to store your tokens. Here are some good options.
- 3
Delegate your AXS
We recommend using a staking pool when staking AXS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AXS, 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 Axie Infinity network. You’ll be rewarded with AXS 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
Axie Infinity (AXS) is currently priced at $7.32, with a 24-hour trading volume of $30.98M. In the last 24 hours, Axie Infinity has seen an increase to 1.52. The market cap of Axie Infinity stands at $1.04B, with 144.45M in circulation. For those looking to buy or trade Axie Infinity, reputable platforms like Binance, BTSE, Kraken, YouHodler, Nexo and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $1.04B
- Volume
- $30.98M
- Circulating supply
- $144.45M
_91_11zon.webp&w=828&q=75)
