Introduction
Staking Zilliqa is an excellent choice for those looking to hold ZIL 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. Acquire Zilliqa (ZIL) Tokens
To stake Zilliqa, you first need to acquire it. You can purchase Zilliqa from various popular exchanges.
2. Select a Zilliqa Wallet
Once you have ZIL, you'll need to select a Zilliqa wallet to keep your tokens safe. Here are some great options.
View all 20 staking rewardsPlatform Coin Staking benefits Uphold Zilliqa (ZIL) Earn up to 5% APY Atomic Wallet Zilliqa (ZIL) Earn up to 15% APY Binance Zilliqa (ZIL) Earn up to 5.4% APY 3. Delegate Your ZIL
We suggest using a staking pool for staking ZIL. It's easier and quicker to start. A staking pool consists of validators who pool their ZIL, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
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 Zilliqa network. You will be rewarded with ZIL 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.
Recent Developments
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- Market capitalization
- $409.88M
- 24-hour trading volume
- $36.02M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 19.38B ZIL
