Introduction
Staking ZetaChain can be a great option for those who want to hold ZETA 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 ZetaChain (ZETA) Tokens
In order to stake ZetaChain, you need to have it. To obtain ZetaChain, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Coinbase ZetaChain (ZETA) 0.81 2. Choose a ZetaChain Wallet
Once you have ZETA, you’ll need to choose a ZetaChain wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitpanda ZetaChain (ZETA) Up to 5.00 APY 3. Delegate Your ZETA
We recommend using a staking pool when staking ZETA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ZETA, 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 ZetaChain network. You’ll be rewarded with ZETA 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
ZetaChain (ZETA) is currently priced at $5.00 with a 24-hour trading volume of $83.60M. The market cap of ZetaChain stands at $356.42M, with $517.85M ZETA in circulation. For those looking to buy or trade ZetaChain, Bitpanda offers avenues to do so securely and efficiently}
- Market cap
- $356.42M
- 24h volume
- $83.60M
- Circulating supply
- $517.85M