Introduction

Staking THORChain is an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   Platform	Coin	Cost
   Nexo	THORChain (RUNE)	0.57
   PrimeXBT	THORChain (RUNE)	0.57
   Binance	THORChain (RUNE)	0.57
   Coinbase	THORChain (RUNE)	5.44
   Kraken	THORChain (RUNE)	0.57
   Uphold	THORChain (RUNE)	1.17

   View all 40 prices

2. 2. Select a THORChain Wallet

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

3. 3. Delegate Your RUNE

   We suggest using a staking pool for staking RUNE. It's easier and quicker to start. A staking pool consists of validators who pool their RUNE, 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 THORChain network. You will be rewarded with RUNE 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.