How to Stake Injective (INJ): A Step-by-Step Guide

Introduction

Staking Injective can be a great option for those who want to hold INJ 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 Injective (INJ) Tokens
In order to stake Injective, you need to have it. To obtain Injective, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Injective (INJ) 21.18
Uphold Injective (INJ) 21.17
Kraken Injective (INJ) 21.22
OKX Injective (INJ) 21.14
YouHodler Injective (INJ) 21.17
See all 32 prices
2. Choose a Injective Wallet
Once you have INJ, you’ll need to choose a Injective wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Uphold Injective (INJ) Up to 14 APY
YouHodler Injective (INJ) Up to 15 APY
Bitget Injective (INJ) Up to 10 APY
Binance Injective (INJ) Up to 6.9 APY
Bitmart Injective (INJ) Up to 1 APY
See all 13 staking rewards
3. Delegate Your INJ
We recommend using a staking pool when staking INJ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their INJ, 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 Injective network. You’ll be rewarded with INJ for these validations.

Platform	Coin	Price
PrimeXBT	Injective (INJ)	21.18
Uphold	Injective (INJ)	21.17
Kraken	Injective (INJ)	21.22
OKX	Injective (INJ)	21.14
YouHodler	Injective (INJ)	21.17

Platform	Coin	Staking rewards
Uphold	Injective (INJ)	Up to 14 APY
YouHodler	Injective (INJ)	Up to 15 APY
Bitget	Injective (INJ)	Up to 10 APY
Binance	Injective (INJ)	Up to 6.9 APY
Bitmart	Injective (INJ)	Up to 1 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

Injective (INJ) is currently priced at $15 with a 24-hour trading volume of $199.96M. The market cap of Injective stands at $2.05B, with $97.73M INJ in circulation. For those looking to buy or trade Injective, Uphold offers avenues to do so securely and efficiently}

Market cap: $2.05B
24h volume: $199.96M
Circulating supply: $97.73M

See latest information

Frequently Asked Questions About Staking Injective (INJ)

What is Injective (INJ) staking?: Injective (INJ) staking is a process where users hold and lock up their INJ tokens to support the network's operations. In exchange, they receive staking rewards. Stay informed about INJ on Bitcompare, where you can compare real-time prices and receive alerts.
How can I calculate my staking rewards for INJ?: Staking rewards vary based on multiple factors, including the amount staked and network conditions. Use Bitcompare's real-time tools to track and calculate potential staking rewards and rates.
What is the minimum amount required to stake INJ?: The minimum staking amount can change based on network policies. Always check reliable platforms like Bitcompare for the latest staking requirements and updates.
Can I unstake my INJ tokens anytime?: Unstaking policies differ depending on the staking mechanism. Review the latest updates on Bitcompare to ensure you understand current unstaking terms for INJ.
Are there risks associated with staking INJ?: All staking involves some risk, including market volatility. Keep informed of the latest crypto news and trends using tools offered on Bitcompare.
How often are INJ staking rewards distributed?: Reward distribution can vary, so it’s best to check the specifics on a trusted platform like Bitcompare for the most up-to-date information.
Does staking INJ involve any fees?: Fees depend on the staking service and network policies. Always consult current fee structures on platforms such as Bitcompare.
Where can I find Injective's market performance?: Track Injective's market performance through real-time price comparisons and sentiment analysis available on Bitcompare.
What tools are available on Bitcompare for INJ staking?: Bitcompare offers a range of tools for INJ including real-time comparisons, email alerts, sentiment analysis, and updated news events to keep you informed.
Why is it important to stay informed about INJ staking?: Staying informed helps in making well-informed decisions. Use Bitcompare’s tools to stay updated with the dynamic crypto market and secure the best staking outcomes.