Where & how to stake Raydium (RAY)

Introduction

Staking Raydium can be a great option for those who want to hold RAY 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 Raydium (RAY) tokens

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

   Platform	Coin	Price
   Bitpanda	Raydium (RAY)	$2.86
   Uphold	Raydium (RAY)	$2.74
   Kraken	Raydium (RAY)	$2.86
   OKX	Raydium (RAY)	$2.88
   Binance	Raydium (RAY)	$2.62
   BingX	Raydium (RAY)	$2.85

   See all 14 prices

2. 2. Choose a Raydium wallet

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

   Platform	Coin	Staking rewards
   Binance	Raydium (RAY)	Up to 3.1% APY

3. 3. Delegate your RAY

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