Where and how to stake Shiden Network (SDN)

Introduction

Staking Shiden Network can be a great option for those who wish to hold SDN 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 Shiden Network (SDN) Tokens

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

   Platform	Coin	Price
   Kraken	Shiden Network (SDN)	0.15
   MEXC Global	Shiden Network (SDN)	0.15
   Gate.io	Shiden Network (SDN)	0.15
   Crypto.com	Shiden Network (SDN)	0.15

   See all 4 prices

2. 2. Select a Shiden Network Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Shiden Network (SDN)	Up to 13.8 APY

3. 3. Delegate Your SDN

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