How to Stake Ethena (ENA) for better returns

Introduction

Staking Ethena can be an excellent choice for individuals looking to hold ENA while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Ethena (ENA) Tokens

   To stake Ethena, you first need to acquire it. To obtain Ethena, you can purchase it from these well-known exchanges.

   Platform	Coin	Price
   PrimeXBT	Ethena (ENA)	0.2 APY
   YouHodler	Ethena (ENA)	0.2 APY
   Binance	Ethena (ENA)	0.2 APY
   BTSE	Ethena (ENA)	0.2 APY
   Coinbase	Ethena (ENA)	0.2 APY
   Kraken	Ethena (ENA)	0.2 APY

   View all 55 prices

2. 2. Select a Ethena Wallet for Your Needs

   Once you have ENA, you'll need to select a Ethena wallet to securely store your tokens. Here are some excellent options to consider.

   Platform	Coin	Staking returns
   YouHodler	Ethena (ENA)	Up to 15% APY

3. 3. Delegate Your ENA for Enhanced Returns

   We recommend utilizing a staking pool when staking ENA. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their ENA, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Ethena network. For these validations, you will be rewarded with ENA.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.