Where and How to Stake Ethena (ENA)

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. 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
   M2	Ethena (ENA)	0.91
   Kraken	Ethena (ENA)	0.91
   YouHodler	Ethena (ENA)	0.91
   Binance	Ethena (ENA)	0.91
   BTSE	Ethena (ENA)	0.91
   Bitmart	Ethena (ENA)	0.91

   See all 25 prices

2. 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. 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. 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.

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.