Where and How to Stake Axie Infinity (axs)

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 Guide

1. 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.

   Platform	Coin	Price
   BTSE	Axie Infinity (axs)	1.23
   Nexo	Axie Infinity (axs)	1.22

2. 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.

   Platform	Coin	Staking rewards
   Nexo	Axie Infinity (axs)	Up to 13% APY

3. 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. 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.