Introduction
Staking MultiversX can be a great option for those who want to hold EGLD 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 MultiversX (EGLD) tokens
In order to stake MultiversX, you need to have it. To obtain MultiversX, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a MultiversX wallet
Once you have EGLD, you’ll need to choose a MultiversX wallet to store your tokens. Here are some good options.
- 3
Delegate your EGLD
We recommend using a staking pool when staking EGLD. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their EGLD, 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 MultiversX network. You’ll be rewarded with EGLD 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
MultiversX (EGLD) is currently priced at $33.31, with a 24-hour trading volume of $15.78M. In the last 24 hours, MultiversX has experienced a decrease to -0.63. The market cap of MultiversX stands at $907.06M, with 27.23M in circulation. For those looking to buy or trade MultiversX, reputable platforms like PrimeXBT, Uphold, Kraken, Binance, OKX and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $907.06M
- Volume
- $15.78M
- Circulating supply
- $27.23M
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