Introduction
Staking Polkadex can be a great option for those who want to hold PDEX but earn yield in a safe way while contributing to the network. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Polkadex (PDEX) Tokens
To stake Polkadex, you need to own it. To get Polkadex, you'll need to buy it. You can select from these popular exchanges.
See all 4 pricesPlatform Coin Price Gate.io Polkadex (PDEX) 0.07 LBank Polkadex (PDEX) 0.02 2. Choose a Polkadex Wallet
Once you have PDEX, you’ll need to choose a Polkadex wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards RockX Polkadex (PDEX) Up to 24.54% APY 3. Delegate Your PDEX
We recommend using a staking pool when staking PDEX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their PDEX, 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 Polkadex network. You’ll be rewarded with PDEX for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might 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
Polkadex (PDEX) is currently priced at USD 24.54 with a 24-hour trading volume of USD 133,660. The market cap of Polkadex stands at USD 714,387, with 7.46M PDEX in circulation. For those looking to buy or trade Polkadex, RockX offers avenues to do so securely and efficiently
- Market cap
- USD 714,387
- 24h volume
- USD 133,660
- Circulating supply
- 7.46M PDEX