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A comprehensive guide on how to stake Axie Infinity (AXS)
We have extensive data on staking Axie Infinity (AXS) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking Axie Infinity is an excellent choice for those looking to hold AXS while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake Axie Infinity, you first need to acquire it. You can purchase Axie Infinity from various popular exchanges.
Once you have AXS, you'll need to select a Axie Infinity wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| Binance | Axie Infinity (AXS) | Earn up to 11.6% APY |
We suggest using a staking pool for staking AXS. It's easier and quicker to start. A staking pool consists of validators who pool their AXS, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Axie Infinity network. You will be rewarded with AXS for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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