Where and How to Stake Wormhole (W)

Introduction

Staking Wormhole can be a great option for those who want to hold W 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 Wormhole (W) Tokens

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

   Platform	Coin	Price
   Bitpanda	Wormhole (W)	0.27
   Kraken	Wormhole (W)	0.28
   OKX	Wormhole (W)	0.27
   YouHodler	Wormhole (W)	0.27
   Binance	Wormhole (W)	0.24

   See all 22 prices

2. 2. Choose a Wormhole Wallet

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

3. 3. Delegate Your W

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