Introduction
Staking Theta Network can be a great option for those who want to hold THETA 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 Theta Network (THETA) tokens
In order to stake Theta Network, you need to have it. To obtain Theta Network, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Theta Network wallet
Once you have THETA, you’ll need to choose a Theta Network wallet to store your tokens. Here are some good options.
- 3
Delegate your THETA
We recommend using a staking pool when staking THETA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their THETA, 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 Theta Network network. You’ll be rewarded with THETA 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
Theta Network (THETA) is currently priced at $2.17. For those looking to buy or trade Theta Network, reputable platforms like OKX, Binance, YouHodler and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $2.02B
- Volume
- $66.41M
- Circulating supply
- $1B
