Where and how to stake Osmosis allDOT (DOT)

Introduction

Staking Osmosis allDOT can be a great option for those who wish to hold DOT 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 Osmosis allDOT (DOT) Tokens

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

   Platform	Coin	Price
   Kraken	Osmosis allDOT (DOT)	4.03
   Kucoin	Osmosis allDOT (DOT)	4.03
   Azbit	Osmosis allDOT (DOT)	4.03

   See all 6 prices

2. 2. Select a Osmosis allDOT Wallet

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

   Platform	Coin	Staking rewards
   Kucoin	Osmosis allDOT (DOT)	Up to 7.5% APY

3. 3. Delegate Your DOT

   We suggest using a staking pool for staking DOT. It's easier and quicker to get started. A staking pool is a collection of validators who combine their DOT, 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 Osmosis allDOT network. You'll be rewarded with DOT 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.