How to Stake Sky (SKY): A Step-by-Step Guide

Introduction

Staking Sky can be a great option for those who want to hold SKY but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Sky (SKY) Tokens
In order to stake Sky, you need to have it. To obtain Sky, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Sky (SKY) 0,06
PrimeXBT Sky (SKY) 0,06
YouHodler Sky (SKY) 0,06
Binance Sky (SKY) 0,06
Coinbase Sky (SKY) 0,06
Kraken Sky (SKY) 0,06
See all 24 prices
2. Choose a Sky Wallet
Once you have SKY, you’ll need to choose a Sky wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance Sky (SKY) Up to 12,75% APY
3. Delegate Your SKY
We recommend using a staking pool when staking SKY. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SKY, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Sky network. You’ll be rewarded with SKY for these validations.

Platform	Coin	Price
Nexo	Sky (SKY)	0,06
PrimeXBT	Sky (SKY)	0,06
YouHodler	Sky (SKY)	0,06
Binance	Sky (SKY)	0,06
Coinbase	Sky (SKY)	0,06
Kraken	Sky (SKY)	0,06

Platform	Coin	Staking rewards
Binance	Sky (SKY)	Up to 12,75% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

Sky (SKY) is currently priced at US$12.75 with a 24-hour trading volume of US$9.83M. For those looking to buy or trade Sky, Binance offers avenues to do so securely and efficiently

24h volume: US$9.83M

See latest information

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