Where & how to stake aelf (ELF)

Introduction

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

Step-by-step

1. 1. Obtain aelf (ELF) tokens

   In order to stake aelf, you need to have it. To obtain aelf, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	aelf (ELF)	$0.3815
   OKX	aelf (ELF)	$0.3822
   Binance	aelf (ELF)	$0.3811
   BingX	aelf (ELF)	$0.3819
   Bitmart	aelf (ELF)	$0.3815
   Kucoin	aelf (ELF)	$0.3808

   See all 9 prices

2. 2. Choose a aelf wallet

   Once you have ELF, you’ll need to choose a aelf wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	aelf (ELF)	Up to 2% APY

3. 3. Delegate your ELF

   We recommend using a staking pool when staking ELF. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ELF, which gives them a higher 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 aelf network. You’ll be rewarded with ELF for these validations.

What to be aware of

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