Introduction
Staking Venus can be a great option for those who want to hold XVS 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 Venus (XVS) tokens
In order to stake Venus, you need to have it. To obtain Venus, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Venus wallet
Once you have XVS, you’ll need to choose a Venus wallet to store your tokens. Here are some good options.
- 3
Delegate your XVS
We recommend using a staking pool when staking XVS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their XVS, 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 Venus network. You’ll be rewarded with XVS 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
Venus (XVS) is currently priced at $10.11, with a 24-hour trading volume of $3.02M. In the last 24 hours, Venus has experienced a decrease to -0.59. The market cap of Venus stands at $161.22M, with 15.80M in circulation. For those looking to buy or trade Venus, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $161.22M
- Volume
- $3.02M
- Circulating supply
- $15.80M
