How to Stake Wrapped ZETA (WZETA) in Australia

Introduction

Staking Wrapped ZETA can be a great option for those who want to hold WZETA 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 Wrapped ZETA (WZETA) Tokens

   To stake Wrapped ZETA, you need to own it. To obtain Wrapped ZETA, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Bake	Wrapped ZETA (WZETA)	0.08
   BingX	Wrapped ZETA (WZETA)	0.08
   Bitget	Wrapped ZETA (WZETA)	0.08
   Bitmart	Wrapped ZETA (WZETA)	0.2
   Bitpanda	Wrapped ZETA (WZETA)	0.81

   See all 9 prices

2. 2. Choose a Wrapped ZETA Wallet

   Once you have WZETA, you'll need to choose a Wrapped ZETA wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Bitget	Wrapped ZETA (WZETA)	Up to 6.5% % p.a.
   Bitmart	Wrapped ZETA (WZETA)	Up to 1% % p.a.

3. 3. Delegate Your WZETA

   We recommend using a staking pool when staking WZETA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their WZETA, 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 Wrapped ZETA network. You'll be rewarded with WZETA 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.