Decentralized Social (DESO) is currently priced at $19.9, with a 24-hour trading volume of $9.71M. In the last 24 hours, Decentralized Social has seen an increase to 2.21. The market cap of Decentralized Social stands at $173.77M, with 8.88M in circulation. For those looking to buy or trade Decentralized Social, reputable platforms like Coinbase offer avenues to do so securely and efficiently.
Staking Decentralized Social can be a great option for those who want to hold DESO 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.
In order to stake Decentralized Social, you need to have it. To obtain Decentralized Social, you'll need to purchase it. You can choose from these popular exchanges.
Once you have DESO, you’ll need to choose a Decentralized Social wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking DESO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DESO, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Decentralized Social network. You’ll be rewarded with DESO for these validations.
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.
