Introduction
Staking Injective can be a great option for those who want to hold INJ but earn yield in a safe way while contributing to the network. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Injective (INJ) Tokens
To stake Injective, you need to own it. To get Injective, you'll need to buy it. You can select from these popular exchanges.
See all 32 pricesPlatform Coin Price PrimeXBT Injective (INJ) 21.31 Uphold Injective (INJ) 21.29 Kraken Injective (INJ) 21.3 OKX Injective (INJ) 21.3 YouHodler Injective (INJ) 21.3 2. Choose a Injective Wallet
Once you have INJ, you’ll need to choose a Injective wallet to store your tokens. Here are some good options.
See all 13 staking rewardsPlatform Coin Staking rewards Uphold Injective (INJ) Up to 14 APY YouHodler Injective (INJ) Up to 15 APY Bitget Injective (INJ) Up to 10 APY Binance Injective (INJ) Up to 6.59 APY Bitmart Injective (INJ) Up to 1 APY 3. Delegate Your INJ
We recommend using a staking pool when staking INJ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their INJ, 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 Injective network. You’ll be rewarded with INJ for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might 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
Injective (INJ) is currently priced at USD 10 with a 24-hour trading volume of USD 162.11M. The market cap of Injective stands at USD 2.07B, with USD 97.73M INJ in circulation. For those looking to buy or trade Injective, Uphold offers avenues to do so securely and efficiently
- Market cap
- USD 2.07B
- 24h volume
- USD 162.11M
- Circulating supply
- USD 97.73M