Introduction

Staking THORChain can be a great option for those who want to hold RUNE 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 THORChain (RUNE) Tokens

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

   Platform	Coin	Price
   Nexo	THORChain (RUNE)	5.46
   Bitpanda	THORChain (RUNE)	5.45
   Uphold	THORChain (RUNE)	5.75
   Kraken	THORChain (RUNE)	5.68
   Binance	THORChain (RUNE)	5.67
   Coinbase	THORChain (RUNE)	5.44

   See all 21 prices

2. 2. Choose a THORChain Wallet

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

3. 3. Delegate Your RUNE

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