How to Stake Ethena (ENA) in the UK

Introduction

Staking Ethena can be an excellent option for those who wish to hold ENA while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Ethena (ENA) Tokens

   To stake Ethena, you need to possess it. To obtain Ethena, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   PrimeXBT	Ethena (ENA)	0.2
   YouHodler	Ethena (ENA)	0.2
   Binance	Ethena (ENA)	0.2
   BTSE	Ethena (ENA)	0.2
   Coinbase	Ethena (ENA)	0.2
   Kraken	Ethena (ENA)	0.2

   View all 55 prices

2. 2. Choose a Ethena Wallet

   Once you have ENA, you'll need to choose a Ethena wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   YouHodler	Ethena (ENA)	Up to 15% AER

3. 3. Delegate Your ENA

   We recommend using a staking pool when staking ENA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ENA, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Ethena network. You will be rewarded with ENA 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.