Where and How to Stake Songbird (SGB)

Introduction

Staking Songbird can be a great option for those who want to hold SGB 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 Songbird (SGB) Tokens

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

   Platform	Coin	Price
   Uphold	Songbird (SGB)	0.01
   Kraken	Songbird (SGB)	0.01
   YouHodler	Songbird (SGB)	0.01
   MEXC Global	Songbird (SGB)	0.01
   Gate.io	Songbird (SGB)	0.01

   See all 5 prices

2. 2. Choose a Songbird Wallet

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

   Platform	Coin	Staking rewards
   Uphold	Songbird (SGB)	Up to 5.5 APY

3. 3. Delegate Your SGB

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