Introduction
Staking SEDA can be a great option for those who want to hold SEDA 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 SEDA (SEDA) tokens
In order to stake SEDA, you need to have it. To obtain SEDA, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price MEXC Global SEDA (SEDA) $0.0398 2. Choose a SEDA wallet
Once you have SEDA, you’ll need to choose a SEDA wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Stakin SEDA (SEDA) Up to 0% APY 3. Delegate your SEDA
We recommend using a staking pool when staking SEDA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SEDA, 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 SEDA network. You’ll be rewarded with SEDA 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
SEDA (SEDA) is currently priced at $0.0398 with a 24-hour trading volume of $65.33K. For those looking to buy or trade SEDA, MEXC Global offers avenues to do so securely and efficiently.
- 24h Volume
- $65.33K