Introduction
Staking Sushi Swap can be a great option for those who want to hold SUSHI 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 Sushi Swap (SUSHI) tokens
In order to stake Sushi Swap, you need to have it. To obtain Sushi Swap, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Sushi Swap wallet
Once you have SUSHI, you’ll need to choose a Sushi Swap wallet to store your tokens. Here are some good options.
- 3
Delegate your SUSHI
We recommend using a staking pool when staking SUSHI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SUSHI, 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 Sushi Swap network. You’ll be rewarded with SUSHI 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
Sushi Swap (SUSHI) is currently priced at $1.08, with a 24-hour trading volume of $44.42M. In the last 24 hours, Sushi Swap has seen an increase to 5.88. The market cap of Sushi Swap stands at $230.90M, with 236.12M in circulation. For those looking to buy or trade Sushi Swap, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and Nexo offer avenues to do so securely and efficiently.
- Market cap
- $230.90M
- Volume
- $44.42M
- Circulating supply
- $236.12M
