Introduction
Staking Osmosis can be a great option for those who want to hold OSMO 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. Obtain Osmosis (OSMO) tokens
In order to stake Osmosis, you need to have it. To obtain Osmosis, you'll need to purchase it. You can choose from these popular exchanges.
See all 12 pricesPlatform Coin Price Bitpanda Osmosis (OSMO) $0.3681 Kraken Osmosis (OSMO) $0.3638 Binance Osmosis (OSMO) $0.3645 Coinbase Osmosis (OSMO) $0.3639 BingX Osmosis (OSMO) $0.3646 Bitmart Osmosis (OSMO) $0.3653 2. Choose a Osmosis wallet
Once you have OSMO, you’ll need to choose a Osmosis wallet to store your tokens. Here are some good options.
See all 12 staking rewardsPlatform Coin Staking rewards Bitpanda Osmosis (OSMO) Up to 9% APY Ledger Osmosis (OSMO) Up to 25% APY Binance Osmosis (OSMO) Up to 5.9% APY Atomic Wallet Osmosis (OSMO) Up to 22% APY 3. Delegate your OSMO
We recommend using a staking pool when staking OSMO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OSMO, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Osmosis network. You’ll be rewarded with OSMO 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.
Latest movements
Osmosis (OSMO) is currently priced at $0.3655 with a 24-hour trading volume of $6.50M. The market cap of Osmosis stands at 248.80M, with $681.36M OSMO in circulation. For those looking to buy or trade Osmosis, reputable platforms like Bitpanda, Binance and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $248.80M
- 24h Volume
- $6.50M
- Circulating supply
- $681.36M