Where and how to stake Cudos (CUDOS)

Introduction

Staking Cudos can be a great option for those who wish to hold CUDOS while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Cudos (CUDOS) Tokens

   To stake Cudos, you need to have it. To obtain Cudos, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Gate.io	Cudos (CUDOS)	0.01

2. 2. Select a Cudos Wallet

   Once you have CUDOS, you’ll need to choose a Cudos wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   MyCointainer	Cudos (CUDOS)	Up to 9.23 APY
   Valid Blocks	Cudos (CUDOS)	Up to 6.86 APY

3. 3. Delegate Your CUDOS

   We suggest using a staking pool for staking CUDOS. It's easier and quicker to get started. A staking pool is a collection of validators who combine their CUDOS, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Cudos network. You'll be rewarded with CUDOS for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.