How to Stake Raydium (RAY)

Introduction

Staking Raydium can be an excellent choice for those looking to hold RAY 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 Raydium (RAY) Tokens

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

   Plattform	Kryptowährung	Price
   YouHodler	Raydium (RAY)	0,9 APY
   Binance	Raydium (RAY)	0,9 APY
   Kraken	Raydium (RAY)	0,91 APY
   OKX	Raydium (RAY)	0,9 APY
   Uphold	Raydium (RAY)	2,39 APY
   Azbit	Raydium (RAY)	0,9 APY

   View all 46 prices

2. 2. Select a Raydium Wallet

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

   Plattform	Kryptowährung	Staking rewards
   YouHodler	Raydium (RAY)	Up to 15 % APY
   Binance	Raydium (RAY)	Up to 5,23 % APY

   Discover all 4 staking rewards available

3. 3. Delegate Your RAY

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

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.