How to Stake Akash (AKT) with Nansen

How to Stake Akash (AKT) with Nansen

Learn exactly how to stake AKT with our comprehensive Akash staking guide. Discover where to buy Akash Network tokens, the benefits of staking, and step-by-step instructions for how to stake Akash to earn passive rewards

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As decentralized cloud computing gains momentum, Akash Network stands out as a leading platform disrupting traditional cloud services.

For crypto investors and cloud computing enthusiasts, learning how to stake Akash Networkoffers a compelling opportunity to earn passive income while supporting this innovative ecosystem.

This guide covers everything from purchasing AKT tokens to maximizing your staking rewards.

What is Akash Network and Why Stake AKT?

Akash Network is revolutionizing cloud computing by creating a decentralized marketplace where users can rent out their unused computing resources.

Think of it as the "Airbnb of cloud computing" – allowing anyone to become a cloud provider while offering significantly lower costs compared to centralized giants like AWS, Google Cloud, and Microsoft Azure.

The native token, AKT, powers this ecosystem and offers several benefits for holders who choose to stake:

Benefits of AKT Staking

  • Substantial Rewards: Earn passive income through staking rewards, with historical APYs ranging from 8-20% (though rates fluctuate over time)
  • Network Security: By staking, you help secure the Akash blockchain through its Proof-of-Stake consensus mechanism
  • Governance Rights: Participate in network decisions by voting on proposals that shape Akash's future
  • Support Decentralized Cloud: Contribute to building a more affordable, accessible cloud computing alternative

With these advantages in mind, let's explore how to buy AKT before diving into the staking process.

How to Buy AKT: Step-by-Step Guide

Before you can stake Akash tokens, you'll need to acquire them. Here's a comprehensive guide to purchasing AKT:

Akash Network tokens are available on several reputable exchanges:

Option 1: KuCoin

  1. Create an account on KuCoin.com and complete verification
  2. Enable two-factor authentication for added security
  3. Deposit funds via crypto or fiat options
  4. Navigate to the Markets section and search for AKT
  5. Purchase AKT using trading pairs like AKT/USDT or AKT/BTC
  6. After purchasing, withdraw to your personal wallet for staking

Option 2: Gate.io

  1. Register and verify your Gate.io account
  2. Fund your account with USD or cryptocurrency
  3. Find the AKT trading pair in the spot market
  4. Place a buy order at your desired price
  5. Transfer purchased tokens to your staking wallet

Option 3: Osmosis DEX (via Keplr Wallet)

For those preferring decentralized exchanges:

  1. Set up Keplr Wallet extension in your browser
  2. Fund with ATOM (Cosmos) tokens
  3. Visit Osmosis.zone and connect your Keplr Wallet
  4. Navigate to the "Trade" section
  5. Swap ATOM for AKT using the trading pair
  6. Your AKT will be stored directly in your Keplr Wallet, ready for staking

After Purchase: Preparing for Staking

Once you've acquired AKT, it's crucial to move your tokens to a compatible wallet that supports staking. The most recommended options are:

  • Keplr Wallet: The most popular choice for Cosmos ecosystem tokens
  • Trust Wallet: A user-friendly mobile option with built-in staking features
  • Cosmostation: Another excellent wallet for Cosmos-based assets

Now that you have AKT in a compatible wallet, let's proceed to staking AKT.

How to Stake Akash (AKT) with Nansen

Staking AKT is relatively straightforward. With Nansen, its even easier.

Nansen offers a streamlined experience for staking Akash Network tokens:

  1. Go to the Staking Page
    Visit AKT on Nansen's Staking Hub
  2. Connect Your Wallet
    Navigate your way to the 'Stake' button. Then choose Tendermint network and choose one of the wallets (we support Leap, Keplr, Ledger).
  3. Choose How Much to Stake
    Enter the amount of AKT you want to stake. Remember to account for gas fees.
  4. Review and Confirm
    Check if the details are correct and approve the transaction. After processing, your AKT staking is active.

Why Stake KAVA on Nansen

Staking AKT with Nansen offers a straightforward experience to put your AKT tokens to work.

Since acquiring StakewithUs, we have quickly grown to manage over $1 billion in staked assets.

We've already partnered with many leading blockchain networks and plan to add more chains and custodial services soon.

Disclaimer

The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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