How to Stake THORChain (RUNE): A Step-by-Step Guide

Introduction

Staking THORChain can be a great option for those who want to hold RUNE 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 THORChain (RUNE) Tokens
In order to stake THORChain, you need to have it. To obtain THORChain, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo THORChain (RUNE) 4.82
Uphold THORChain (RUNE) 4.81
Kraken THORChain (RUNE) 4.8
Binance THORChain (RUNE) 4.81
Coinbase THORChain (RUNE) 5.44
Bitmart THORChain (RUNE) 4.81
See all 21 prices
2. Choose a THORChain Wallet
Once you have RUNE, you’ll need to choose a THORChain wallet to store your tokens. Here are some good options.
3. Delegate Your RUNE
We recommend using a staking pool when staking RUNE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their RUNE, 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 THORChain network. You’ll be rewarded with RUNE for these validations.

Platform	Coin	Price
Nexo	THORChain (RUNE)	4.82
Uphold	THORChain (RUNE)	4.81
Kraken	THORChain (RUNE)	4.8
Binance	THORChain (RUNE)	4.81
Coinbase	THORChain (RUNE)	5.44
Bitmart	THORChain (RUNE)	4.81

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: $1.65B
24h volume: $212.21M
Circulating supply: $344.24M

See latest information

Frequently Asked Questions About Staking THORChain (RUNE)

What are THORChain (RUNE) staking rewards?: THORChain staking rewards are incentives for users who provide liquidity or run a node on the network. They earn RUNE tokens in return, which are subject to network performance and transaction fees. Stay updated on Bitcompare for latest rates and events.
How often do I receive staking rewards?: Rewards are typically distributed based on the network's specific cycle, which may vary. Keep an eye on Bitcompare for real-time updates and notifications to stay informed about when rewards are paid.
Can staking rewards fluctuate?: Yes, staking rewards can fluctuate due to factors like network demand and transaction volume. For the latest insights and analysis, regularly visit Bitcompare and access tools like sentiment analysis and event updates.
What is the minimum RUNE required to stake?: The minimum RUNE required for staking can vary, depending on network conditions and specific exchange policies. Check Bitcompare for the most accurate and current requirements across different platforms.
Are there any risks associated with staking RUNE?: Staking involves certain risks, like network changes or market volatility. Stay informed via Bitcompare for alerts and important news related to THORChain, helping you to navigate these risks better.
How do I choose where to stake my RUNE?: Choosing where to stake depends on factors like fees, reliability, and rewards. Bitcompare offers a comparison of reputable platforms, helping you to make well-informed decisions by comparing rates and reviews.
Is it possible to lose my staked RUNE?: While blockchain technology has security measures, risks such as network errors or malicious attacks exist. Keep a watchful eye on updates from Bitcompare to minimize potential risks and maximize your understanding.
How can Bitcompare help me with my staking strategy?: Bitcompare provides tools such as real-time price comparisons and sentiment analysis, which are essential for refining your staking strategy. Stay ahead by regularly visiting the site for the latest THORChain updates.