Where and How to Stake Router Protocol (ROUTE)

Introduction

Staking Router Protocol can be a great option for those who want to hold ROUTE 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 Router Protocol (ROUTE) Tokens

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

   Platform	Coin	Price
   MEXC Global	Router Protocol (ROUTE)	0.06
   BingX	Router Protocol (ROUTE)	0.06
   Bitget	Router Protocol (ROUTE)	0.06
   Kucoin	Router Protocol (ROUTE)	0.06
   Gate.io	Router Protocol (ROUTE)	0.06
   HTX	Router Protocol (ROUTE)	0.05

   See all 6 prices

2. 2. Choose a Router Protocol Wallet

   Once you have ROUTE, you’ll need to choose a Router Protocol wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakin	Router Protocol (ROUTE)	Up to 12.98 APY

3. 3. Delegate Your ROUTE

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