Introduction
Staking Hydra can be a great option for those who want to hold HYDRA 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 Hydra (HYDRA) Tokens
In order to stake Hydra, you need to have it. To obtain Hydra, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Bitmart Hydra (HYDRA) 0.23 Kucoin Hydra (HYDRA) 0.29 2. Choose a Hydra Wallet
Once you have HYDRA, you’ll need to choose a Hydra wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart Hydra (HYDRA) Up to 10.00 APY FMFW.io Hydra (HYDRA) Up to 7.00 APY 3. Delegate Your HYDRA
We recommend using a staking pool when staking HYDRA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HYDRA, 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 Hydra network. You’ll be rewarded with HYDRA 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.
Latest Movements
Hydra (HYDRA) is currently priced at $10.00 with a 24-hour trading volume of $111.12K. The market cap of Hydra stands at $6.06M, with $20.31M HYDRA in circulation. For those looking to buy or trade Hydra, Bitmart offers avenues to do so securely and efficiently}
- Market cap
- $6.06M
- 24h volume
- $111.12K
- Circulating supply
- $20.31M
HYDRA
USDT
