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A comprehensive guide on how to stake Cudos (CUDOS)
We have extensive data on staking Cudos (CUDOS) 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 Cudos is an excellent choice for those looking to hold CUDOS 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 Cudos, you first need to acquire it. You can purchase Cudos from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Gate.io | Cudos (CUDOS) | 0.01 |
| Kucoin | Cudos (CUDOS) | 0.01 |
Once you have CUDOS, you'll need to select a Cudos wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| MyCointainer | Cudos (CUDOS) | Earn up to 9.23% APY |
| Valid Blocks | Cudos (CUDOS) | Earn up to 6.86% APY |
We suggest using a staking pool for staking CUDOS. It's easier and quicker to start. A staking pool consists of validators who pool their CUDOS, 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 Cudos network. You will be rewarded with CUDOS 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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