Where & How to Stake Covalent (CQT)

Introduction

Staking Covalent can be a great option for those who want to hold CQT 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 Covalent (CQT) Tokens

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

   Platform	Coin	Price
   Uphold	Covalent (CQT)	$0.1274
   Kraken	Covalent (CQT)	$0.0033
   OKX	Covalent (CQT)	$0.1595
   BingX	Covalent (CQT)	$0.9693
   Bitmart	Covalent (CQT)	$0.2069
   MEXC Global	Covalent (CQT)	$0.0846

   See all 8 prices

2. 2. Choose a Covalent Wallet

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

   Platform	Coin	Staking rewards
   Stakely.io	Covalent (CQT)	Up to 12.15% APY

3. 3. Delegate Your CQT

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