Introduction
Staking The Doge NFT can be a great option for those who want to hold DOG 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 The Doge NFT (DOG) Tokens
In order to stake The Doge NFT, you need to have it. To obtain The Doge NFT, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a The Doge NFT Wallet
Once you have DOG, you'll need to choose a The Doge NFT wallet to store your tokens. Here are some good options.
3. Delegate Your DOG
We recommend using a staking pool when staking DOG. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DOG, 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 The Doge NFT network. You'll be rewarded with DOG 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.
Latest Movements
- Market cap
- $69.79M
- 24h volume
- $2.31M
- Circulating supply
- 14.93B DOG