Introduction
Staking Saga can be a great option for those who want to hold SAGA 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 Saga (SAGA) tokens
In order to stake Saga, you need to have it. To obtain Saga, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Saga wallet
Once you have SAGA, you’ll need to choose a Saga wallet to store your tokens. Here are some good options.
- 3
Delegate your SAGA
We recommend using a staking pool when staking SAGA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SAGA, 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 Saga network. You’ll be rewarded with SAGA 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
Saga (SAGA) is currently priced at $2.12, with a 24-hour trading volume of $93.49M. In the last 24 hours, Saga has experienced a decrease to -1.52. The market cap of Saga stands at $199.76M, with 92.87M in circulation. For those looking to buy or trade Saga, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $199.76M
- Volume
- $93.49M
- Circulating supply
- $92.87M
