Introduction
Staking Curve DAO can be an excellent choice for those looking to hold CRV while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for South African Investors
1. Acquire Curve DAO (CRV) Tokens
To stake Curve DAO, you first need to acquire it. To obtain Curve DAO, you'll need to buy it. You can select from these popular exchanges available in South Africa.
View all 71 pricesPlatform Mint Cost Nexo Curve DAO (CRV) 0,38 PrimeXBT Curve DAO (CRV) 0,38 Binance Curve DAO (CRV) 0,38 BTSE Curve DAO (CRV) 0,38 Coinbase Curve DAO (CRV) 0,38 Kraken Curve DAO (CRV) 0,38 2. Select a Curve DAO Wallet
Once you have CRV, you'll need to choose a Curve DAO wallet to store your tokens securely. Here are some solid options to consider.
3. Delegate Your CRV
We recommend using a staking pool when staking CRV. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CRV, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Curve DAO network. You'll be rewarded with CRV for these validations.
What to Keep in Mind
There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.
Latest Movements in the Market
- Market capitalisation
- US$1,04B
- 24-hour trading volume
- US$282,01M
- Circulating supply
- 1,26B CRV
