Introduction
Staking Stacks can be a great option for those who want to hold stx 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 Stacks (stx) Tokens
In order to stake Stacks, you need to have it. To obtain Stacks, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Nexo Stacks (stx) 0.27 2. Choose a Stacks Wallet
Once you have stx, you'll need to choose a Stacks wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Stakin Stacks (stx) Up to 3% APY Rates as listed by providers on Aug 26, 20263. Delegate Your stx
We recommend using a staking pool when staking stx. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their stx, 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 Stacks network. You'll be rewarded with stx 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.
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Latest Movements
Stacks (stx) is currently priced at $0.27 with a 24-hour trading volume of $73.01M. In the last 24 hours, Stacks has seen an increase of 3.46%. The market cap of Stacks stands at $496.58M, with 1.86B stx in circulation. For those looking to buy or trade Stacks, Stakin offers avenues to do so securely and efficiently
- Market cap
- $496.58M
- 24h volume
- $73.01M
- Circulating supply
- 1.86B stx
