Introduction
Staking DeFiChain can be a great option for those who want to hold DFI but earn yield in a safe way whilst contributing to the network. The steps can be a bit daunting, particularly the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain DeFiChain (DFI) Tokens
To stake DeFiChain, you need to have it. To obtain DeFiChain, you'll need to purchase it. You can choose from these popular exchanges.
See all 11 pricesPlatform Coin Price Bake DeFiChain (DFI) 0.01 Bitget DeFiChain (DFI) 0.03 CoinEx DeFiChain (DFI) 0.01 Gate.io DeFiChain (DFI) 0.01 HTX DeFiChain (DFI) 0 MEXC Global DeFiChain (DFI) 0.000857 2. Choose a DeFiChain Wallet
Once you have DFI, you’ll need to choose a DeFiChain wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bake DeFiChain (DFI) Up to 3.5% AER 3. Delegate Your DFI
We recommend using a staking pool when staking DFI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DFI, 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 DeFiChain network. You'll be rewarded with DFI for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There may 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
DeFiChain (DFI) is currently priced at US$3.5 with a 24-hour trading volume of US$206,162. The market cap of DeFiChain stands at US$18.87M, with 863.06M DFI in circulation. For those looking to purchase or trade DeFiChain, Bake offers avenues to do so securely and efficiently}
- Market capitalisation
- US$18.87M
- 24-hour volume
- US$206,162
- Circulating supply
- 863.06M DFI