Introduction
Staking Injective can be a great option for those who want to hold INJ 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 Injective (INJ) tokens
In order to stake Injective, you need to have it. To obtain Injective, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Injective wallet
Once you have INJ, you’ll need to choose a Injective wallet to store your tokens. Here are some good options.
- 3
Delegate your INJ
We recommend using a staking pool when staking INJ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their INJ, 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 Injective network. You’ll be rewarded with INJ 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
Injective (INJ) is currently priced at $25.88, with a 24-hour trading volume of $88.55M. In the last 24 hours, Injective has seen an increase to 8.64. The market cap of Injective stands at $2.47B, with 93.40M in circulation. For those looking to buy or trade Injective, reputable platforms like Uphold, Kraken, Binance, OKX, Coinbase and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $2.47B
- Volume
- $88.55M
- Circulating supply
- $93.40M
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