Introduction
Staking DODO can be a great option for those who want to hold DODO 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 DODO (DODO) tokens
In order to stake DODO, you need to have it. To obtain DODO, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a DODO wallet
Once you have DODO, you’ll need to choose a DODO wallet to store your tokens. Here are some good options.
- 3
Delegate your DODO
We recommend using a staking pool when staking DODO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DODO, 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 DODO network. You’ll be rewarded with DODO 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
DODO (DODO) is currently priced at $0.1849, with a 24-hour trading volume of $6.05M. In the last 24 hours, DODO has seen an increase to 0.65. The market cap of DODO stands at $120.31M, with 655.70M in circulation. For those looking to buy or trade DODO, reputable platforms like Binance, BTSE and Bake offer avenues to do so securely and efficiently.
- Market cap
- $120.31M
- Volume
- $6.05M
- Circulating supply
- $655.70M
