Earn up to
10% APY
An in-depth guide on how to stake Akash Network (AKT)
We have a lot of data on staking Akash Network (AKT) and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Akash Network (AKT) is currently priced at $9.3 with a 24-hour trading volume of $9.61M. The market cap of Akash Network stands at $762.29M, with 247.44M AKT in circulation. For those looking to buy or trade Akash Network, Bitpanda offers avenues to do so securely and efficiently}
Staking Akash Network can be a great option for those who want to hold AKT 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.
In order to stake Akash Network, you need to have it. To obtain Akash Network, you'll need to purchase it. You can choose from these popular exchanges.
Once you have AKT, you'll need to choose a Akash Network wallet to store your tokens. Here are some good options.
| Platform | Coin | Staking rewards |
|---|---|---|
| Bitpanda | Akash Network (AKT) | Up to 10% APY |
| Chainode Tech | Akash Network (AKT) | Up to 9.8% APY |
We recommend using a staking pool when staking AKT. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AKT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Akash Network network. You'll be rewarded with AKT for these validations.
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.
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