Introduction
Staking KYVE Network can be a great option for those who want to hold KYVE 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 KYVE Network (KYVE) Tokens
To stake KYVE Network, you need to own it. To obtain KYVE Network, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a KYVE Network Wallet
Once you have KYVE, you'll need to choose a KYVE Network wallet to store your tokens. Here are some great options.
Platform Coin Staking returns Stakin KYVE Network (KYVE) Up to 20.38% % p.a. 3. Delegate Your KYVE
We recommend using a staking pool when staking KYVE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their KYVE, 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 KYVE Network network. You'll be rewarded with KYVE 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.
Latest Movements
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- Market capitalisation
- USDĀ 19.87M
- 24-hour volume
- USDĀ 37,259
- Circulating supply
- 788.21M KYVE
