Where and How to Stake DogWifHat (wif)

Introduction

Staking DogWifHat can be a great choice for those who want to hold wif 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 DogWifHat (wif) Tokens

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

   Platform	Loonies	Price
   YouHodler	DogWifHat (wif)	1.06
   Uphold	DogWifHat (wif)	0.98
   OKX	DogWifHat (wif)	1.06
   Binance	DogWifHat (wif)	1.06
   BTSE	DogWifHat (wif)	1.06
   Bake	DogWifHat (wif)	1.06

   See all 45 prices

2. 2. Select a DogWifHat Wallet

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

   Platform	Loonies	Staking rewards
   YouHodler	DogWifHat (wif)	Up to 15% annual percentage yield

3. 3. Delegate Your wif

   We recommend using a staking pool when staking wif. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their wif, 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 DogWifHat network. You'll be rewarded with wif 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.