How to Stake Ethena (ENA)

Introduction

Staking Ethena can be an excellent choice for those looking to hold ENA while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Ethena (ENA) Tokens

   To stake Ethena, you must first acquire it. To obtain Ethena, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Ethena (ENA)	0,23 APY
   YouHodler	Ethena (ENA)	0,23 APY
   Binance	Ethena (ENA)	0,23 APY
   BTSE	Ethena (ENA)	0,23 APY
   Coinbase	Ethena (ENA)	0,23 APY
   Kraken	Ethena (ENA)	0,23 APY

   Check out all 55 prices

2. 2. Select a Ethena Wallet

   Once you have ENA, you'll need to select a Ethena wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   YouHodler	Ethena (ENA)	Up to 15% APY

3. 3. Delegate Your ENA

   We recommend using a staking pool when staking ENA. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their ENA, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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 Ethena network. For these validations, you'll receive rewards in ENA.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.