Where and How to Stake Shiden Network (SDN)

Introduction

Staking Shiden Network can be a great option for those who want to hold SDN 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 Shiden Network (SDN) Tokens

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

   Platform	Coin	Price
   Kraken	Shiden Network (SDN)	0.12
   MEXC Global	Shiden Network (SDN)	0.12
   Crypto.com	Shiden Network (SDN)	0.12

2. 2. Choose a Shiden Network Wallet

   Once you have SDN, you’ll need to choose a Shiden Network wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   MyCointainer	Shiden Network (SDN)	Up to 13.80 APY

3. 3. Delegate Your SDN

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