How to Stake goETH (GOETH): A Comprehensive Guide for Australians

Introduction

Staking goETH can be a great option for those who want to hold GOETH 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. Obtain goETH (GOETH) Tokens
To stake goETH, you need to own it. To obtain goETH, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a goETH Wallet
Once you have GOETH, you'll need to choose a goETH wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Exodus goETH (GOETH) Up to 4.17% % p.a.
3. Delegate Your GOETH
We recommend using a staking pool when staking GOETH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GOETH, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 goETH network. You'll be rewarded with GOETH for these validations.

Platform	Coin	Staking returns
Exodus	goETH (GOETH)	Up to 4.17% % p.a.

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.