Introduction
Staking Lisk can be a great option for those who want to hold LSK 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 Lisk (LSK) tokens
In order to stake Lisk, you need to have it. To obtain Lisk, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Lisk wallet
Once you have LSK, you’ll need to choose a Lisk wallet to store your tokens. Here are some good options.
- 3
Delegate your LSK
We recommend using a staking pool when staking LSK. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LSK, 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 Lisk network. You’ll be rewarded with LSK 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
Lisk (LSK) is currently priced at $1.69, with a 24-hour trading volume of $34.75M. In the last 24 hours, Lisk has experienced a decrease to -0.59. The market cap of Lisk stands at $219.99M, with 128.90M in circulation. For those looking to buy or trade Lisk, reputable platforms like Binance and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $219.99M
- Volume
- $34.75M
- Circulating supply
- $128.90M
