Earn up to
6.76% APY
An in-depth guide on how to stake Elixir (elx)
We have a lot of data on staking Elixir (elx) and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Staking Elixir can be a great option for those who want to hold elx 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.
In order to stake Elixir, you need to have it. To obtain Elixir, you'll need to purchase it. You can choose from these popular exchanges.
Once you have elx, you'll need to choose a Elixir wallet to store your tokens. Here are some good options.
| Platform | Coin | Staking rewards |
|---|---|---|
| Stakin | Elixir (elx) | Up to 6.76% APY |
We recommend using a staking pool when staking elx. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their elx, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Elixir network. You'll be rewarded with elx for these validations.
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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