Introduction
Staking Waves can be a great option for those who want to hold WAVES 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 Waves (WAVES) Tokens
In order to stake Waves, you need to have it. To obtain Waves, you'll need to purchase it. You can choose from these popular exchanges.
See all 15 pricesPlatform Coin Price Bitmart Waves (WAVES) 1.61 MEXC Global Waves (WAVES) 1.61 Bitget Waves (WAVES) 1.61 BingX Waves (WAVES) 1.61 Kucoin Waves (WAVES) 1.61 Gate.io Waves (WAVES) 1.61 2. Choose a Waves Wallet
Once you have WAVES, you’ll need to choose a Waves wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards MyCointainer Waves (WAVES) Up to 5 APY 3. Delegate Your WAVES
We recommend using a staking pool when staking WAVES. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their WAVES, 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 Waves network. You’ll be rewarded with WAVES 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
Waves (WAVES) is currently priced at $5 with a 24-hour trading volume of $21.37M. The market cap of Waves stands at $160.47M, with $100M WAVES in circulation. For those looking to buy or trade Waves, MyCointainer offers avenues to do so securely and efficiently}
- Market cap
- $160.47M
- 24h volume
- $21.37M
- Circulating supply
- $100M