How to Stake Raydium (RAY) in Australia

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. 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)	1.2
   Binance	Raydium (RAY)	1.2
   Kraken	Raydium (RAY)	1.19
   OKX	Raydium (RAY)	1.15
   Uphold	Raydium (RAY)	2.39
   Azbit	Raydium (RAY)	1.2

   See all 46 prices

2. 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 5.3% p.a.

   View all 4 staking rewards

3. 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. 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.

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.