Where & how to stake Pendle (PENDLE)

Introduction

Staking Pendle can be a great option for those who want to hold PENDLE 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. 1. Obtain Pendle (PENDLE) tokens

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

   Platform	Coin	Price
   Nexo	Pendle (PENDLE)	$4.92
   Bitpanda	Pendle (PENDLE)	$4.91
   Uphold	Pendle (PENDLE)	$4.83
   Kraken	Pendle (PENDLE)	$4.92
   OKX	Pendle (PENDLE)	$4.91
   Binance	Pendle (PENDLE)	$4.61

   See all 19 prices

2. 2. Choose a Pendle wallet

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

   Platform	Coin	Staking rewards
   Bitmart	Pendle (PENDLE)	Up to 10% APY

3. 3. Delegate your PENDLE

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