Where and How to Stake Songbird (SGB)

Introduction

Staking Songbird can be a great option for those who want to hold SGB 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 Songbird (SGB) Tokens

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

   Platform	Coin	Price
   Uphold	Songbird (SGB)	0,01
   YouHodler	Songbird (SGB)	0,01
   Kraken	Songbird (SGB)	0,01
   MEXC Global	Songbird (SGB)	0,01
   Gate.io	Songbird (SGB)	0,01
   CoinEx	Songbird (SGB)	0,01

   See all 14 prices

2. 2. Choose a Songbird Wallet

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

   Platform	Coin	Staking rewards
   Uphold	Songbird (SGB)	Up to 6,06% APY

3. 3. Delegate Your SGB

   We recommend using a staking pool when staking SGB. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their SGB, 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 Songbird network. You'll be rewarded with SGB 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.