Introduction

Staking Beefy can be a great option for those who want to hold BIFI 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. 1. Obtain Beefy (BIFI) Tokens

   In order to stake Beefy, you need to have it. To obtain Beefy, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	Beefy (BIFI)	154.3
   BingX	Beefy (BIFI)	154.26
   Gate.io	Beefy (BIFI)	0.0003409
   CoinEx	Beefy (BIFI)	153.76
   Crypto.com	Beefy (BIFI)	153

   See all 9 prices

2. 2. Choose a Beefy Wallet

   Once you have BIFI, you'll need to choose a Beefy wallet to store your tokens. Here are some good options.

3. 3. Delegate Your BIFI

   We recommend using a staking pool when staking BIFI. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BIFI, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 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 Beefy network. You'll be rewarded with BIFI for these validations.

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.