Where & How to Stake Pyth Network (PYTH)

Introduction

Staking Pyth Network can be a great option for those who want to hold PYTH 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 Pyth Network (PYTH) Tokens

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

   Platform	Coin	Price
   Bitpanda	Pyth Network (PYTH)	$0.3451
   Uphold	Pyth Network (PYTH)	$0.3472
   Kraken	Pyth Network (PYTH)	$0.3411
   OKX	Pyth Network (PYTH)	$0.3392
   Binance	Pyth Network (PYTH)	$0.3395
   BTSE	Pyth Network (PYTH)	$0.2678

   See all 19 prices

2. 2. Choose a Pyth Network Wallet

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

   Platform	Coin	Staking rewards
   Bitmart	Pyth Network (PYTH)	Up to 1% APY
   Binance	Pyth Network (PYTH)	Up to 2.9% APY

3. 3. Delegate Your PYTH

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