How to Stake Aave (AAVE) in Australia

Introduction

Staking Aave can be a great option for those who want to hold AAVE while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Aave (AAVE) Tokens

   To stake Aave, you need to own it. To obtain Aave, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Nexo	Aave (AAVE)	151.43
   PrimeXBT	Aave (AAVE)	151.13
   YouHodler	Aave (AAVE)	151.07
   Binance	Aave (AAVE)	151.39
   BTSE	Aave (AAVE)	151.34
   Coinbase	Aave (AAVE)	151.17

   See all 77 prices

2. 2. Choose a Aave Wallet

   Once you have AAVE, you'll need to choose a Aave wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   YouHodler	Aave (AAVE)	Up to 7% % p.a.

   View all 10 staking rewards

3. 3. Delegate Your AAVE

   We recommend using a staking pool when staking AAVE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their AAVE, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Aave network. You'll be rewarded with AAVE for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.