Where and How to Stake Venus (XVS)

Introduction

Staking Venus can be a great choice for those who want to hold XVS 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 Venus (XVS) Tokens

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

   Platform	Loonies	Price
   Binance	Venus (XVS)	5.91
   Azbit	Venus (XVS)	5.91
   BingX	Venus (XVS)	5.91
   Bitpanda	Venus (XVS)	9.32
   Bybit	Venus (XVS)	5.9
   CoinEx	Venus (XVS)	5.89

   See all 28 prices

2. 2. Select a Venus Wallet

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

   Platform	Loonies	Staking rewards
   Binance	Venus (XVS)	Up to 4.9% annual percentage yield

3. 3. Delegate Your XVS

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