Introduction

Staking Cadence Protocol is an excellent choice for those looking to hold CAD 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.

Comprehensive Guide

1. 1. Acquire Cadence Protocol (CAD) Tokens

   To stake Cadence Protocol, you first need to acquire it. You can purchase Cadence Protocol from various popular exchanges.

   Platform	Coin	Cost
   YouHodler	Cadence Protocol (CAD)	0.72
   Uphold	Cadence Protocol (CAD)	0.73
   Gate.io	Cadence Protocol (CAD)	0.01
   MEXC Global	Cadence Protocol (CAD)	0.03

   View all 7 prices

2. 2. Select a Cadence Protocol Wallet

   Once you have CAD, you'll need to select a Cadence Protocol wallet to keep your tokens safe. Here are some great options.

3. 3. Delegate Your CAD

   We suggest using a staking pool for staking CAD. It's easier and quicker to start. A staking pool consists of validators who pool their CAD, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Cadence Protocol network. You will be rewarded with CAD for these validations.

Key Considerations

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.