Introduction
Staking Ocean Protocol can be a great option for those who want to hold OCEAN 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
1. Obtain Ocean Protocol (OCEAN) tokens
In order to stake Ocean Protocol, you need to have it. To obtain Ocean Protocol, you'll need to purchase it. You can choose from these popular exchanges.
See all 13 pricesPlatform Coin Price Bitpanda Ocean Protocol (OCEAN) $0.5576 Uphold Ocean Protocol (OCEAN) $0.4855 Kraken Ocean Protocol (OCEAN) $0.5517 Binance Ocean Protocol (OCEAN) $0.6123 Coinbase Ocean Protocol (OCEAN) $0.5544 BTSE Ocean Protocol (OCEAN) $0.6204 2. Choose a Ocean Protocol wallet
Once you have OCEAN, you’ll need to choose a Ocean Protocol wallet to store your tokens. Here are some good options.
3. Delegate your OCEAN
We recommend using a staking pool when staking OCEAN. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OCEAN, 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 Ocean Protocol network. You’ll be rewarded with OCEAN 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
Ocean Protocol (OCEAN) is currently priced at $0.5527 with a 24-hour trading volume of $817.53K. In the last 24 hours, Ocean Protocol has experienced a decrease of -4.36%. The market cap of Ocean Protocol stands at 189.73M, with $334.42M OCEAN in circulation. For those looking to buy or trade Ocean Protocol, reputable platforms like Bitpanda, Kraken and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $189.73M
- 24h Volume
- $817.53K
- Circulating supply
- $334.42M