Introduction

Staking Ribbon Finance can be a great option for those who want to hold RBN 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. 1. Obtain Ribbon Finance (RBN) Tokens

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

   Platform	Coin	Price
   Coinbase	Ribbon Finance (RBN)	0.2
   Bitget	Ribbon Finance (RBN)	0.37
   Gate.io	Ribbon Finance (RBN)	0
   BingX	Ribbon Finance (RBN)	0.45

   See all 6 prices

2. 2. Choose a Ribbon Finance Wallet

   Once you have RBN, you'll need to choose a Ribbon Finance wallet to store your tokens. Here are some good options.

3. 3. Delegate Your RBN

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