How to Stake Ethena (ENA): A Step-by-Step Guide

Introduction

Staking Ethena can be a great option for those who want to hold ENA but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Ethena (ENA) Tokens
In order to stake Ethena, you need to have it. To obtain Ethena, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Ethena (ENA) 0.23
YouHodler Ethena (ENA) 0.23
Binance Ethena (ENA) 0.23
BTSE Ethena (ENA) 0.23
Coinbase Ethena (ENA) 0.23
Kraken Ethena (ENA) 0.23
See all 55 prices
2. Choose a Ethena Wallet
Once you have ENA, you’ll need to choose a Ethena wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
YouHodler Ethena (ENA) Up to 15% APY
3. Delegate Your ENA
We recommend using a staking pool when staking ENA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ENA, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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. You’ll be rewarded with ENA for these validations.

Platform	Coin	Price
PrimeXBT	Ethena (ENA)	0.23
YouHodler	Ethena (ENA)	0.23
Binance	Ethena (ENA)	0.23
BTSE	Ethena (ENA)	0.23
Coinbase	Ethena (ENA)	0.23
Kraken	Ethena (ENA)	0.23

Platform	Coin	Staking rewards
YouHodler	Ethena (ENA)	Up to 15% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

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Market cap: US$2.82B
24h volume: US$577.71M
Circulating supply: 3.03B ENA

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Frequently Asked Questions About Staking Ethena (ENA)

What are the staking rewards for Ethena (ENA)?: Ethena (ENA) offers a staking reward of approximately 15%, making it an attractive option for those looking to earn passive income through staking. Staking involves locking your ENA tokens in a wallet to support the network's operations, and in return, you receive rewards. The best staking rate is currently available on YouHodler. Always ensure you stay informed about the latest developments and rates on platforms like Bitcompare for accurate comparisons.