Introduction
Staking Sei can be a great option for those who want to hold SEI 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. Obtain Sei (SEI) Tokens
In order to stake Sei, you need to have it. To obtain Sei, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Sei Wallet
Once you have SEI, you’ll need to choose a Sei wallet to store your tokens. Here are some good options.
See all 7 staking rewardsPlatform Coin Staking rewards Bitpanda Sei (SEI) Up to 4.00 APY Bitmart Sei (SEI) Up to 1.00 APY 3. Delegate Your SEI
We recommend using a staking pool when staking SEI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SEI, 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 Sei network. You’ll be rewarded with SEI 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
Sei (SEI) is currently priced at $8.11 with a 24-hour trading volume of $120.82M. The market cap of Sei stands at $1.38B, with $3.75B SEI in circulation. For those looking to buy or trade Sei, Bitpanda offers avenues to do so securely and efficiently}
- Market cap
- $1.38B
- 24h volume
- $120.82M
- Circulating supply
- $3.75B