Introduction

Staking Frax Share can be a great option for those who want to hold FXS 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 Frax Share (FXS) Tokens

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

   Platform	Coin	Price
   Nexo	Frax Share (FXS)	2.82
   Binance	Frax Share (FXS)	2.82
   Kraken	Frax Share (FXS)	2.83
   OKX	Frax Share (FXS)	2.83
   Uphold	Frax Share (FXS)	3.04
   BingX	Frax Share (FXS)	2.82

   See all 44 prices

2. 2. Choose a Frax Share Wallet

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

3. 3. Delegate Your FXS

   We recommend using a staking pool when staking FXS. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FXS, 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 Frax Share network. You'll be rewarded with FXS 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.