How to Stake Aave (AAVE)

Introduction

Staking Aave can be an excellent choice for those looking to hold AAVE 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Aave (AAVE) Tokens

   To stake Aave, you first need to acquire it. To obtain Aave, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Nexo	Aave (AAVE)	151,43 APY
   PrimeXBT	Aave (AAVE)	151,13 APY
   YouHodler	Aave (AAVE)	151,07 APY
   Binance	Aave (AAVE)	151,39 APY
   BTSE	Aave (AAVE)	151,34 APY
   Coinbase	Aave (AAVE)	151,17 APY

   View all 77 prices

2. 2. Select a Aave Wallet

   Once you have AAVE, you'll need to select a Aave wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   YouHodler	Aave (AAVE)	Up to 7 % APY

   Discover all 10 staking rewards available

3. 3. Delegate Your AAVE

   We recommend using a staking pool when staking AAVE. It's simpler and faster to get started. A staking pool is a collective of validators who pool their AAVE, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.