Introduction
Staking Zilliqa can be a great option for those who want to hold ZIL 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 Zilliqa (ZIL) tokens
In order to stake Zilliqa, you need to have it. To obtain Zilliqa, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Zilliqa wallet
Once you have ZIL, you’ll need to choose a Zilliqa wallet to store your tokens. Here are some good options.
- 3
Delegate your ZIL
We recommend using a staking pool when staking ZIL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ZIL, 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 Zilliqa network. You’ll be rewarded with ZIL 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
Zilliqa (ZIL) is currently priced at $0.0249, with a 24-hour trading volume of $12.06M. In the last 24 hours, Zilliqa has seen an increase to 0.48. The market cap of Zilliqa stands at $453.06M, with 18.34B in circulation. For those looking to buy or trade Zilliqa, reputable platforms like Binance, BTSE, YouHodler, EarnPark and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $453.06M
- Volume
- $12.06M
- Circulating supply
- $18.34B
