Where and How to Stake UX Chain (UX)

Introduction

Staking UX Chain can be a great option for those who want to hold UX 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 UX Chain (UX) Tokens

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

2. 2. Choose a UX Chain Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	UX Chain (UX)	Up to 15.80 APY
   Stakewolle	UX Chain (UX)	Up to 16.97 APY
   Stakin	UX Chain (UX)	Up to 13.16 APY

3. 3. Delegate Your UX

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