Earn up to
11.81% APY
An in-depth guide on the best way to stake SKL.
We have a lot of data on staking SKALE and we share some of this with you.
We show you some staking options with other coins that could be of interest.
SKALE (SKL) is currently priced at $0.0793, with a 24-hour trading volume of $35.67M. In the last 24 hours, SKALE has seen an increase to 1.05. The market cap of SKALE stands at $408.82M, with 5.36B in circulation. For those looking to buy or trade SKALE, reputable platforms like Binance, BTSE, Coinbase and Crypto.com offer avenues to do so securely and efficiently.
Staking SKALE can be a great option for those who want to hold SKL 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.
In order to stake SKALE, you need to have it. To obtain SKALE, you'll need to purchase it. You can choose from these popular exchanges.
Once you have SKL, you’ll need to choose a SKALE wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking SKL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SKL, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 SKALE network. You’ll be rewarded with SKL for these validations.
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.
