Introduction
Staking 0x Protocol can be a great option for those who want to hold ZRX 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. Obtain 0x Protocol (ZRX) Tokens
In order to stake 0x Protocol, you need to have it. To obtain 0x Protocol, you'll need to purchase it. You can choose from these popular exchanges.
See all 57 pricesPlatform Coin Price Uphold 0x Protocol (ZRX) 0.28 YouHodler 0x Protocol (ZRX) 0.28 Kraken 0x Protocol (ZRX) 0.28 OKX 0x Protocol (ZRX) 0.28 Binance 0x Protocol (ZRX) 0.28 BTSE 0x Protocol (ZRX) 0.28 2. Choose a 0x Protocol Wallet
Once you have ZRX, you'll need to choose a 0x Protocol wallet to store your tokens. Here are some good options.
3. Delegate Your ZRX
We recommend using a staking pool when staking ZRX. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ZRX, 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 0x Protocol network. You'll be rewarded with ZRX 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
- Market cap
- $413.4M
- 24h volume
- $71.78M
- Circulating supply
- 848.4M ZRX