Recent Developments
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- Market capitalization
- $1.19B
- missing en-cn translation: common.volume-24h
- $40.81M
- Circulating supply in the market
- 3.62B PYTH
Earn as much as
1% APY on your investments.
An in-depth guide on how to stake Pyth Network (PYTH) in the Chinese market
We have extensive data on staking Pyth Network (PYTH), and we are pleased to share some insights with you.
We present various staking options with different cryptocurrencies that may pique your interest.
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Staking Pyth Network can be an excellent choice for individuals looking to hold PYTH 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.
To stake Pyth Network, you first need to acquire it. To obtain Pyth Network, you can purchase it from these well-known exchanges.
| Platform | Coin | Price |
|---|---|---|
| PrimeXBT | Pyth Network (PYTH) | 0.06 APY |
| YouHodler | Pyth Network (PYTH) | 0.06 APY |
| Binance | Pyth Network (PYTH) | 0.06 APY |
| BTSE | Pyth Network (PYTH) | 0.06 APY |
| Coinbase | Pyth Network (PYTH) | 0.06 APY |
| Kraken | Pyth Network (PYTH) | 0.06 APY |
Once you have PYTH, you'll need to select a Pyth Network wallet to securely store your tokens. Here are some excellent options to consider.
| Platform | Coin | Staking returns |
|---|---|---|
| Bitmart | Pyth Network (PYTH) | Up to 1% APY |
We recommend utilizing a staking pool when staking PYTH. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their PYTH, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
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 Pyth Network network. For these validations, you will be rewarded with PYTH.
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.