Introduction

Staking Ocean Protocol can be a great option for those who want to hold OCEAN 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 Ocean Protocol (OCEAN) tokens

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

   Platform	Coin	Price
   Bitpanda	Ocean Protocol (OCEAN)	$0.461
   Uphold	Ocean Protocol (OCEAN)	$0.4855
   Kraken	Ocean Protocol (OCEAN)	$0.456
   Binance	Ocean Protocol (OCEAN)	$0.6123
   Coinbase	Ocean Protocol (OCEAN)	$0.4624
   BTSE	Ocean Protocol (OCEAN)	$0.6204

   See all 13 prices

2. 2. Choose a Ocean Protocol wallet

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

3. 3. Delegate your OCEAN

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