How to Stake yearn.finance (YFI)

Introduction

Staking yearn.finance can be an excellent choice for those looking to hold YFI 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 yearn.finance (YFI) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	yearn.finance (YFI)	3.644,89 APY
   YouHodler	yearn.finance (YFI)	3.635,82 APY
   Binance	yearn.finance (YFI)	3.638 APY
   BTSE	yearn.finance (YFI)	3.634,73 APY
   Coinbase	yearn.finance (YFI)	3.643,57 APY
   Kraken	yearn.finance (YFI)	3.638 APY

   Check out all 62 prices

2. 2. Select a yearn.finance Wallet

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

3. 3. Delegate Your YFI

   We recommend using a staking pool when staking YFI. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their YFI, 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 yearn.finance network. For these validations, you'll receive rewards in YFI.

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.