Introduction
Staking Tornado Cash can be a great option for those who want to hold TORN but earn yield in a safe way while contributing to the network. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Tornado Cash (TORN) Tokens
To stake Tornado Cash, you need to own it. To get Tornado Cash, you'll need to buy it. You can select from these popular exchanges.
See all 7 pricesPlatform Coin Price CoinEx Tornado Cash (TORN) 11.82 Gate.io Tornado Cash (TORN) 2.84 HTX Tornado Cash (TORN) 11.82 MEXC Global Tornado Cash (TORN) 11.87 2. Choose a Tornado Cash Wallet
Once you have TORN, you’ll need to choose a Tornado Cash wallet to store your tokens. Here are some good options.
3. Delegate Your TORN
We recommend using a staking pool when staking TORN. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their TORN, 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 Tornado Cash network. You’ll be rewarded with TORN for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might 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
- Market cap
- USD 31.94M
- 24h volume
- USD 88,407
- Circulating supply
- 3.81M TORN