Introduction
Staking ZKsync can be a great option for those who want to hold ZK 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 ZKsync (ZK) Tokens
In order to stake ZKsync, you need to have it. To obtain ZKsync, you'll need to purchase it. You can choose from these popular exchanges.
See all 20 pricesPlatform Coin Price Bitpanda ZKsync (ZK) 1.12 Kraken ZKsync (ZK) 0.15 OKX ZKsync (ZK) 0.15 Coinbase ZKsync (ZK) 0.15 BTSE ZKsync (ZK) 0.15 Bitmart ZKsync (ZK) 0.14 2. Choose a ZKsync Wallet
Once you have ZK, you’ll need to choose a ZKsync wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart ZKsync (ZK) Up to 1 APY 3. Delegate Your ZK
We recommend using a staking pool when staking ZK. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ZK, 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 ZKsync network. You’ll be rewarded with ZK 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
ZKsync (ZK) is currently priced at $1 with a 24-hour trading volume of $156,889,042. The market cap of ZKsync stands at $536,911,804, with $3,675,000,000 ZK in circulation. For those looking to buy or trade ZKsync, Bitmart offers avenues to do so securely and efficiently}
- Market cap
- $536.91M
- 24h volume
- $156.89M
- Circulating supply
- $3.68B