Imagine earning rewards while supporting one of the fastest-growing blockchain networks in the gaming world. That’s precisely what you can do by staking Ronin (RON). Built specifically for Web3 games, Ronin is an EVM-compatible blockchain developed by Sky Mavis, the creator of Axie Infinity—one of the most successful blockchain games, with over $1.3 billion in revenue. Ronin stands out for its ability to handle millions of transactions quickly and affordably, making it the preferred network for gaming and NFT ecosystems.
Ronin initially used Proof of Authority (PoA) consensus, allowing trusted validators to verify transactions and secure the network. This system ensures faster speeds and lower fees compared to traditional methods. Staking Ronin lets you actively participate in securing the network while earning passive income.
So, are you ready to start staking Ronin and make your tokens work for you? Let’s dive in!
How To Stake Ronin (RON)?
Staking Ronin (RON) tokens is a simple process that allows you to earn rewards while supporting the Ronin blockchain network. Here’s a step-by-step guide to help you stake your RON tokens effectively.
Step 1: Connect Your Ronin Wallet
The first step to staking Ronin tokens is connecting your Ronin Wallet to the official website. Ensure you have a Ronin Wallet set up and funded with RON tokens. Visit Ronin’s official staking platform and click on the option that connects your wallet. A prompt will appear asking for wallet access; authorise it to proceed. This connection is crucial as it links your purse to the staking platform, enabling you to manage your tokens securely.
Step 2: Choose A Validator
Once your wallet is connected, navigate to the “All Validators” tab on the staking platform. This section lists all available validators, which are key to maintaining the blockchain network’s security and efficiency. Review the options carefully and pay attention to their commission rates and performance statistics. Select a validator that aligns with your preferences and click on it to proceed.
Step 3: Delegate Your RON Tokens
After selecting a validator, you’ll need to delegate your tokens. Enter the amount of RON tokens you want to stake in the provided field. Ensure you leave a small balance in your wallet to cover potential transaction fees. Confirm the transaction through your Ronin Wallet when prompted. This step secures your RON tokens with the chosen validator, enabling you to participate in staking rewards.
Step 4: Monitor Your Staking Dashboard
Once your tokens are staked, visit the staking dashboard to monitor your activities. Here, you can track your staked tokens, view rewards, and claim earned rewards when they are available. Regularly check this dashboard to stay updated on your staking performance and make adjustments if needed.
Popular Video Guides On Staking Ronin (RON)
Best Places To Stake Ronin (RON)
Binance, founded in 2017, is a premier global crypto exchange and a robust staking platform. It allows users to stake BNB and a wide range of cryptocurrencies while supporting over 500 trading assets. Through diverse methods, Binance provides flexible and locked staking options, high Annual Percentage Yields (APRs), and seamless funding. The platform ensures automatic distribution of staking rewards, simplifying earnings for users. Its educational resources empower investors to make informed decisions, making Binance a go-to choice for staking and network support.
Pros:
- A wide range of cryptocurrencies is available for staking.
- Competitive APRs enhance earning potential.
- Simple and user-friendly interface.
- Multiple deposit methods ensure accessibility for global users.
Cons:
- Past security concerns may deter cautious investors.
- Rewards can fluctuate depending on market conditions.
- Certain geographical restrictions limit platform accessibility.
Bitpanda, a Vienna-based platform founded in 2014, offers seamless staking opportunities to users. Users can earn weekly rewards by staking assets with a single click. The platform leverages Proof of Stake (PoS) technology, enabling users to participate in transaction validation on blockchain networks. With over 3,000 digital assets, including 400+ cryptocurrencies, Bitpanda provides a user-friendly interface and secure staking solutions under robust European regulations.
Pros:
- Offers weekly rewards with simple staking mechanics.
- Access to over 3,000 digital assets and 400+ cryptocurrencies.
- Zero deposit and withdrawal fees for enhanced user convenience.
- A user-friendly platform backed by strong European regulatory standards.
- Multiple savings and staking options to maximise returns.
Cons:
- Available only to users within Europe.
- 1.49% average crypto transaction fee can reduce returns.
- Limited to two account types, restricting flexibility for diverse users.
Ronin is a blockchain platform designed to provide efficient staking options for users while supporting decentralised applications. It focuses on scalability and low transaction fees, making it an ideal choice for crypto investors. The platform enables users to stake their tokens securely and earn rewards with support for various assets. Its user-centric design simplifies staking, offering both flexibility and competitive yields.
Pros:
- Low transaction fees enhance profitability for stakers.
- The scalable architecture ensures seamless transactions.
- User-friendly interface simplifies staking for beginners.
- Provides secure staking options with reliable rewards.
Cons:
- Limited to staking Ronin Coins.
- High demand can occasionally restrict staking availability.
- Advanced features may require a learning curve for new users.
Benefits Of Staking Ronin (RON)
Staking Ronin (RON) is more than just a way to earn rewards—it actively contributes to the network’s growth, security, and governance. Whether you are an experienced crypto investor or a beginner exploring blockchain opportunities, staking RON offers numerous benefits that make it a strategic choice. Here’s a detailed look at the advantages of staking Ronin.
Earn Passive Income Effortlessly
Staking RON tokens allows you to generate consistent rewards without actively trading. By staking, you earn returns based on the number of tokens you stake and the performance of your selected validator. This passive income strategy helps grow your holdings while you retain ownership of your tokens, making it a smart way to build wealth over time.
Enhance Network Security
Your staked tokens are crucial in securing the Ronin network through its Delegated Proof of Stake (DPoS) system. Validators use staked tokens to validate transactions, ensuring the blockchain operates securely and efficiently. By staking RON, you directly contribute to maintaining the network’s integrity and reliability.
Participate In Governance
Staking RON tokens gives you a voice in network decisions. Your staked tokens act as votes, allowing you to participate in electing validators and influencing important proposals. This involvement makes staking a dynamic and engaging way to shape the future of the Ronin ecosystem.
Enjoy Flexible Staking Options
The Ronin network offers flexibility in managing your staked assets. You can delegate, undelegate, or restake your rewards at any time. This adaptability ensures that staking fits seamlessly into your investment strategy, offering convenience and control over your assets.
Support Long-term Growth
Staking RON benefits both you and the network. Locking your tokens promotes the network’s health, stability, and growth. This sustained support can increase the value of RON over time, positioning staking as a strategic long-term investment.
Frequently Asked Questions
Where Can You Purchase Ronin Tokens?
You can buy Ronin tokens (RON) from major cryptocurrency exchanges, including Bitget, Coinbase, Binance, and OKX. These platforms offer user-friendly interfaces for trading RON tokens with fiat currency or other cryptocurrencies. Before purchasing, it is important to create an account, complete identity verification, and review the exchange’s security features to ensure your transactions are safe and secure.
Who Are The Best Validators For Staking Ronin Tokens?
When staking Ronin tokens, some of the most popular validators include Nansen, offering an annual percentage rate (APR) of 11.50%, and Google, providing an 11.49% APR. Other competitive options include Ronin Catalyst with a 12.01% APR and EternityHub.tech at 12.06%. It’s essential to select validators with high uptime rates and strong reputations to ensure reliability and maximise staking rewards.
What Is Delegated Proof Of Stake (DPoS)?
Delegated Proof of Stake (DPoS) is an upgraded version of the traditional Proof of Stake mechanism. It allows network participants to vote for delegates who validate transactions and secure the network. In return, these delegates earn rewards in RON tokens, which they share with users who stake their tokens with them. This system enhances efficiency, reduces energy consumption, and promotes a more decentralised approach to blockchain governance.
Why Didn’t I Receive Any RON Staking Rewards?
RON staking rewards are calculated based on your lowest token balance for the day. If you delegate tokens for the first time, your lowest balance is zero, so no rewards will be earned that day. Additionally, only validators actively chosen to validate blocks earn rewards. Validators with high staked amounts and governing status are prioritised. Rewards may also be affected if a validator experiences downtime or engages in malicious activities.
