Introduction
Staking Oasis Network can be a great option for those who want to hold ROSE 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 Oasis Network (ROSE) tokens
In order to stake Oasis Network, you need to have it. To obtain Oasis Network, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Oasis Network wallet
Once you have ROSE, you’ll need to choose a Oasis Network wallet to store your tokens. Here are some good options.
- 3
Delegate your ROSE
We recommend using a staking pool when staking ROSE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ROSE, 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 Oasis Network network. You’ll be rewarded with ROSE 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
Oasis Network (ROSE) is currently priced at $0.0974, with a 24-hour trading volume of $16.20M. In the last 24 hours, Oasis Network has experienced a decrease to -0.8. The market cap of Oasis Network stands at $668.74M, with 6.73B in circulation. For those looking to buy or trade Oasis Network, reputable platforms like Binance and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $668.74M
- Volume
- $16.20M
- Circulating supply
- $6.73B