How to Stake Cudos (CUDOS) in Australia

Introduction

Staking Cudos can be a great option for those who want to hold CUDOS 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 Cudos (CUDOS) Tokens

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

   Platform	Coin	Cost
   Gate.io	Cudos (CUDOS)	0.01
   Kucoin	Cudos (CUDOS)	0.01

2. 2. Choose a Cudos Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Cudos (CUDOS)	Up to 9.23% % p.a.
   Valid Blocks	Cudos (CUDOS)	Up to 6.86% % p.a.

3. 3. Delegate Your CUDOS

   We recommend using a staking pool when staking CUDOS. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CUDOS, 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 Cudos network. You'll be rewarded with CUDOS 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.