How to Stake Ethena (ENA)

Introduction

Staking Ethena can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Ethena (ENA) Tokens

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

   Plattform	Kryptowährung	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

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

   Plattform	Kryptowährung	Staking rewards
   YouHodler	Ethena (ENA)	Up to 15 % APY

3. 3. Delegate Your ENA

   We recommend using a staking pool when staking ENA. It's simpler and faster to get started. A staking pool is a collective of validators who pool their ENA, 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 Ethena network. For these validations, you will be rewarded with ENA.

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.