Introduction
Staking JUNO can be a great option for those who want to hold JUNO 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 JUNO (JUNO) tokens
In order to stake JUNO, you need to have it. To obtain JUNO, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a JUNO wallet
Once you have JUNO, you’ll need to choose a JUNO wallet to store your tokens. Here are some good options.
- 3
Delegate your JUNO
We recommend using a staking pool when staking JUNO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their JUNO, 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 JUNO network. You’ll be rewarded with JUNO 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.
