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Where and How to Stake Synthetix (SNX)

Earn up to
12.00 APY

Stake with MyCointainer

What you'll learn

  1. 1

    How to Stake Synthetix (SNX)

    An in-depth guide on how to stake Synthetix (SNX)

  2. 2

    Statistics about Synthetix Staking

    We have a lot of data on staking Synthetix (SNX) and we share some of this with you.

  3. 3

    Other coins you can Stake

    We show you some staking options with other coins that could be of interest.

Introduction

Staking Synthetix can be a great option for those who want to hold SNX 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 Synthetix (SNX) Tokens

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

  2. 2. Choose a Synthetix Wallet

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

  3. 3. Delegate Your SNX

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

Synthetix (SNX) is currently priced at $12.00 with a 24-hour trading volume of $25.49M. The market cap of Synthetix stands at $450.32M, with $327.77M SNX in circulation. For those looking to buy or trade Synthetix, MyCointainer offers avenues to do so securely and efficiently}

Market cap
$450.32M
24h volume
$25.49M
Circulating supply
$327.77M
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