How to Stake Raydium (RAY): A Comprehensive Guide for Australians

Introduction

Staking Raydium can be a great option for those who want to hold RAY 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 Raydium (RAY) Tokens
To stake Raydium, you need to own it. To obtain Raydium, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
YouHodler Raydium (RAY) 0.9
Binance Raydium (RAY) 0.9
Kraken Raydium (RAY) 0.91
OKX Raydium (RAY) 0.9
Uphold Raydium (RAY) 2.39
Azbit Raydium (RAY) 0.9
See all 46 prices
2. Choose a Raydium Wallet
Once you have RAY, you'll need to choose a Raydium wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
YouHodler Raydium (RAY) Up to 15% % p.a.
Binance Raydium (RAY) Up to 5.23% % p.a.
View all 4 staking rewards
3. Delegate Your RAY
We recommend using a staking pool when staking RAY. It's simpler and quicker to get started. A staking pool is a group of validators who combine their RAY, 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 Raydium network. You'll be rewarded with RAY for these validations.

Platform	Coin	Cost
YouHodler	Raydium (RAY)	0.9
Binance	Raydium (RAY)	0.9
Kraken	Raydium (RAY)	0.91
OKX	Raydium (RAY)	0.9
Uphold	Raydium (RAY)	2.39
Azbit	Raydium (RAY)	0.9

Platform	Coin	Staking returns
YouHodler	Raydium (RAY)	Up to 15% % p.a.
Binance	Raydium (RAY)	Up to 5.23% % 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.