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

Ethena (ENA) is currently priced at $15 with a 24-hour trading volume of $577.71M. The market cap of Ethena stands at $2.82B, with 3.03B ENA in circulation. For those looking to buy or trade Ethena, YouHodler offers avenues to do so securely and efficiently

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

See latest information

Frequently Asked Questions About Ethena (ENA) Staking

What is Ethena (ENA) and what gives it value?: Ethena is a crypto asset traded on the open market with a fixed maximum supply of 15 billion ENA and a current circulating supply of about 7.96 billion. Its value is driven by market demand and supply, project utility, and broader crypto market conditions. As of now, Ethena trades around 0.2217 USD, with a 24-hour price increase of roughly 0.2348%. Investors should consider factors like project adoption, token utility (staking, governance, or ecosystem use), liquidity on exchanges, and any ongoing tokenomics changes. Always review official sources forupdates on utility, staking rewards, and any burn or release schedules that could impact scarcity and price dynamics.
How many Ethena tokens exist, and is there a cap on supply?: Ethena has a hard maximum supply of 15,000,000,000 ENA, with circulating supply currently around 7,957,812,500 ENA. The capped supply design aims to limit inflation over time, which can support scarcity-driven price dynamics if demand remains steady or increases. When assessing the token, confirm the latest supply figures on reliable trackers and official project communications, as circulating supply can fluctuate with new releases, unlock schedules, or burned tokens. Understanding the cap helps gauge long-term scarcity and potential impact on token value.
What should I know before investing in Ethena (ENA)?: Before investing in ENA, consider these practical steps: 1) Check the latest price action and market cap to gauge momentum and relative size; ENA currently trades around 0.2217 USD with a modest 24-hour gain. 2) Review tokenomics: supply cap (15B), circulating supply (approx. 7.96B), and any staking or governance features that might affect demand. 3) Evaluate exchange liquidity and trading venues—adequate depth reduces slippage for larger trades. 4) Follow project updates for use cases, partnerships, or protocol upgrades that could influence utility and adoption. 5) Implement risk controls: diversify holdings, use secure wallets, and consider setting stop-loss orders. If you’re new to ENA, start with small allocations and stay informed about official disclosures to avoid scams or misinformation.