Where & How to Stake Kyve Network (KYVE)

Introduction

Staking Kyve Network can be a great option for those who want to hold KYVE 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 Guide

1. 1. Obtain Kyve Network (KYVE) Tokens

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

   Platform	Coin	Price
   BTSE	Kyve Network (KYVE)	$0.0206
   Crypto.com	Kyve Network (KYVE)	$0.019

2. 2. Choose a Kyve Network Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Kyve Network (KYVE)	Up to 30.8% APY
   Stakin	Kyve Network (KYVE)	Up to 20.38% APY

3. 3. Delegate Your KYVE

   We recommend using a staking pool when staking KYVE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KYVE, 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 Kyve Network network. You’ll be rewarded with KYVE 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.