Where and How to Stake Baby Shiba Inu (BABYSHIBAINU)

Introduction

Staking Baby Shiba Inu can be a great option for those who want to hold BABYSHIBAINU 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 Baby Shiba Inu (BABYSHIBAINU) Tokens

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

2. 2. Choose a Baby Shiba Inu Wallet

   Once you have BABYSHIBAINU, you’ll need to choose a Baby Shiba Inu wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   MyCointainer	Baby Shiba Inu (BABYSHIBAINU)	Up to 0.12 APY

3. 3. Delegate Your BABYSHIBAINU

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