Where and How to Stake Cudos (CUDOS)

Introduction

Staking Cudos can be a great option for those who want to hold CUDOS but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step guide

1. 1. Obtain Cudos (CUDOS) Tokens

   To stake Cudos, you need to have it. To get Cudos, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Gate.io	Cudos (CUDOS)	0.01

2. 2. Choose a Cudos Wallet

   Once you have CUDOS, you’ll need to choose a Cudos wallet to store your tokens. Here are some lekker options.

   Platform	Coin	Staking rewards
   MyCointainer	Cudos (CUDOS)	Up to 9.23 APY
   Valid Blocks	Cudos (CUDOS)	Up to 6.86 APY

3. 3. Delegate Your CUDOS

   We recommend using a staking pool when staking CUDOS. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their CUDOS, which gives them a better chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Cudos network. You'll be rewarded with CUDOS for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.