Where and How to Stake Cudos (CUDOS)

Introduction

Staking Cudos can be a great choice for those who want to hold CUDOS but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Cudos (CUDOS) Tokens

   To stake Cudos, you need to have it. To obtain Cudos, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Gate.io	Cudos (CUDOS)	0.01

2. 2. Select a Cudos Wallet

   Once you have CUDOS, you’ll need to choose a Cudos wallet to store your tokens. Here are some good options.

   Platform	Loonies	Staking rewards
   MyCointainer	Cudos (CUDOS)	Up to 9.23% annual percentage yield
   Valid Blocks	Cudos (CUDOS)	Up to 6.86% annual percentage yield

3. 3. Delegate Your CUDOS

   We recommend using a staking pool when staking CUDOS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CUDOS, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 Cudos network. You'll be rewarded with CUDOS for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.