How to Stake DeFiChain (DFI) for better returns

Introduction

Staking DeFiChain can be an excellent choice for individuals looking to hold DFI while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire DeFiChain (DFI) Tokens

   To stake DeFiChain, you first need to acquire it. To obtain DeFiChain, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Bake	DeFiChain (DFI)	0.0009891 APY
   Bitget	DeFiChain (DFI)	0.03 APY
   CoinEx	DeFiChain (DFI)	0 APY
   Gate.io	DeFiChain (DFI)	0.000817 APY
   HTX	DeFiChain (DFI)	0 APY
   MEXC Global	DeFiChain (DFI)	0.000857 APY

   View all 11 prices

2. 2. Select a DeFiChain Wallet for Your Needs

   Once you have DFI, you'll need to select a DeFiChain wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Bake	DeFiChain (DFI)	Up to 2.33% APY

3. 3. Delegate Your DFI for Enhanced Returns

   We recommend utilizing a staking pool when staking DFI. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their DFI, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the DeFiChain network. For these validations, you will be rewarded with DFI.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.