How to stake and earn The Graph (GRT) in Australia

Earn up to 8.19% APY on your GRT. Compare rates on The Graph or learn how to stake GRT using a wallet.

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GRT is the native coin of the The Graph blockchain and can be earned in several ways, through lending, staking and yield farming.

Lending your GRT

The easiest way to earn yield on your GRT in Australia is through an exchange or digital asset lending platform such as Binance Cryptocurrency Exchange, Gemini Cryptocurrency Exchange and OKX Cryptocurrency Exchange .

The highest return currently available on GRT from the products we compared is 8.19% through Binance Cryptocurrency Exchange with a lock-up period of 120-days.

Use the table to compare rates on GRT and use our calculator to forecast how much you could earn.

Staking your GRT

The Graph is also a proof-of-stake (PoS) blockchain which means that GRT can be staked in return for rewards. This method requires using the The Graph blockchain through a wallet and is a bit more advanced, which is why we have provided a visual step-by-step explainer to help guide you through the process.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Compare rates for lending GRT

1 GRT = $0.22808
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Cryptocurrency prices provided by CoinGecko. Results are an estimate based on Finder internal data, provided on a best effort basis. Rate data may be delayed up to seven days. Please check the provider website for the most current rates and information, and to verify any data provided by this calculator before applying for any product.
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Binance Cryptocurrency Exchange 1% 1% Flexible Fixed Earn now
Binance Cryptocurrency Exchange % 2.5% 3-month Variable Earn now
Binance Cryptocurrency Exchange 5.11% 4.09% 1-month Variable Earn now
Binance Cryptocurrency Exchange 5.46% 4.37% 2-month Variable Earn now
Binance Cryptocurrency Exchange 8.19% 8.19% 120-days Fixed Earn now
Coinhako % 0.9% Varies Variable Earn now
Gemini Cryptocurrency Exchange 2.5% 2.72% Varies Variable Earn now
OKX Cryptocurrency Exchange 1% 1% Flexible Fixed Read review

How to use the table and calculator

  1. Compare rates. The table and calculator display the annual yield (APY). Rates vary depending on a number of factors like the provider, term length and whether or not the rates are variable or fixed. Keep in mind that cryptocurrency yields fluctuate each day. As such, we have provided an average rate based on data from previous months.
  2. Choose a variable or fixed rate. To protect against fluctuations, some providers offer a fixed rate. These rates stay consistent over time and do not fluctuate with the market. Compare lock-up periods. Some accounts require you to keep your funds locked up for a set period, while others will let you withdraw at any time.
  3. Calculate your returns. Use the calculator to project how much you could earn with each provider.
  4. Start earning. Once you've made your choice, click on the green "Earn now" button to go to the provider's website and create an account or log in.

How to earn The Graph: Step-by-step guide to lending

The instructions below are for earning yield on The Graph using a cryptocurrency exchange for lending:

  1. Use the table to compare rates from various providers.
  2. Choose a provider to deposit your cryptocurrency with, then safely navigate to their website using the "Earn now" button in the table.
  3. Sign-up for an account using an email address and make sure to have some form of photo ID ready to complete the verification process.
  4. Look for the "wallet" or "deposit" tab on the provider's website, then transfer your funds from your existing exchange or wallet to the deposit address shown and make sure to double-check the address is correct before sending. If you do not own any GRT yet, then you can purchase it on the same exchange you plan to earn it on or view our list of local exchanges that sell it.
  5. Once deposited, move your funds into the yield-earning account. If you are using a specialised digital asset lending platform like Celsius, Nexo or BlockFi you can usually skip this step, as your assets will typically start earning yield right away. Remember to check back regularly to monitor your portfolio, collect rewards and ensure everything is working as intended.
  6. Most services will let you access your rewards without needing to withdraw your initial deposit. Keep in mind that some services require your deposit to remain locked for a certain period of time, while others are flexible and allow you to withdraw anytime (although be on the lookout for early withdrawal fees).
  7. Remember that while earning yield on cryptocurrencies can be easy and attractive, your deposits are not insured the same way cash deposits are with a bank. Deposits are used in a variety of ways, all of which carry varying levels of risk. Some services offer insurance policies, while some might not offer any insurance at all. Make sure to research the provider thoroughly before making a decision.

How to stake The Graph

GRT is used to power the Graph decentr{{ alise }}d protocol, which indexes data from the blockchain that other applications can then display.

GRT is required as a payment for all those that wish to query and use the indexed data. It is also used to reward those that support the protocol. Those that support the protocol include indexers, curators and delegators. In this guide, we will show you how to earn rewards and support the protocol as a delegator. Delegators delegate GRT tokens to indexers and curators who then keep the system running smoothly. In return for delegating, users are rewarded.

To begin staking, you will need access to a Web 3.0 crypto wallet, such as MetaMask. This wallet comes in the form of a browser extension and will act as a bridge between your digital assets and the Graph. You will also need GRT tokens held in your Web 3.0 wallet along with the native cryptocurrency of the blockchain that will be used for transactions (e.g. ETH for gas fees on Ethereum). If you do not see GRT tokens within your Web 3.0 wallet, remember to add the details of the token.

Step 1. Head over to the official Graph explorer website.
The Graph explorer homepage

Step 2. Connect your Web 3.0 crypto wallet to the platform by clicking the "Connect Wallet" button in the top-right corner of the screen. Follow the on-screen prompts from your Web 3.0 wallet.
The Graph explorer homepage with window to connect a wallet

Step 3. Once your wallet is connected, click the "Participants" tab in the menu. This will take you to the Participants network of Graph, which shows all of the indexers, curators and delegators.

Choose an indexer from the list that you would like to delegate GRT tokens to – all of the statistics for individual indexers can be reviewed in the columns provided. Once you have chosen, click the delegate icon at the end of the row of your chosen indexer.
The Graph homepage showing list of Indexers

Step 4. In the delegating pop-up tab, enter the number of GRT that you wish to delegate to your chosen indexer and click "Submit Transaction". You will then need to reconfirm the transaction via your Web 3.0 crypto wallet and agree to the associated transaction fee.
Confirmation window for delegating GRT

After the transaction has been completed, you will have started delegating tokens to your chosen indexer. All fees accrued by the indexer will be proportionally shared among all delegators supporting them.

You can check on all rewards and delegated amounts via your Graph profile.

How much can I earn from staking GRT?

As you will be staking GRT by delegating through an indexer, the indexer's parameters will be the first factor that will affect returns. Take care to look at both the "query fee cut" and the "effective reward cut". The query fee cut is the amount of query fee rebates that an indexer keeps. Likewise, the effective reward cut is the amount of the rewards that the indexer is keeping.

Ultimately, the returns on GRT staking will be determined by the price of GRT. If the price of GRT falls while you are staking, the total value may be less than when you started. However, you will have more GRT tokens if the price were to rise again in the future.

Safe storage

You can improve the security of your staked GRT by using a hardware wallet to store your private keys offline – check out our guide to learn how.

Risks of lending and staking The Graph

Risks involved with lending The Graph include:
  • Lack of regulation. Just because you're earning yield on your GRT like you would with a bank account, that doesn't mean you have the same protections. Cryptocurrency exchanges and lenders are largely unregulated and consumer protection laws in your country are unlikely to apply. As such, if something happens to your deposits you are unlikely to have many options for legal recourse. Fortunately, some lenders such as Nexo offer insurance on deposits to help bridge this gap.
  • Lack of insurance. While earning yield on cryptocurrencies can be easy and attractive, your deposits are not insured the same way cash deposits are with a bank. Deposits are used in a variety of ways, all of which carry varying levels of risk. Some services offer insurance policies, while some might not offer any insurance at all. Make sure to research the provider thoroughly before making a decision.
  • DeFi and smart contract risk. This guide only compares CeFi platforms, but if you choose to use a DeFi platform for lending GRT, then you are taking on the additional risk associated with that platform. DeFi lending uses software called smart contracts which automates the process and pairs lenders with borrowers. These smart contracts can be exploited and user funds stolen. Look for a protocol with a long history of security, such as Compound or Aave.
  • Scams. Be wary of platforms that offer rates several times higher than the competition. While legitimate services may do this as a promotion or way to attract users, some may be scams waiting to steal user funds.
Risks involved with staking The Graph include:
  • Slashing. When you stake cryptocurrency through an exchange or wallet, you are usually doing it as a delegator. This means you are giving permission for someone else to act (vote on blocks) on behalf of your assets. If the node operator makes a mistake or intentionally does the wrong thing, then they may suffer a slashing penalty. A slashing penalty may result in the loss of funds which may be shared amongst all of the delegators, yourself included.
  • Lock-up period. Some platforms will require you to lock-up your funds for a set period of time before you can access them again. This could be several weeks, months or years. Doing so will prevent you from selling until the lock-up period is over. Some cryptocurrencies or staking services will let you unstake early for a fee.
  • Using an exchange. A feature of staking is voting. By staking your coins or tokens, you usually get a say on what happens on the network. If you use an exchange for staking, then you are assigning your voting rights to the exchange operators who may not act in your best interests.
  • No control over reward distribution. Staking GRT as a delegator means that you have little to no control over how rewards are distributed. As you are not completing any of the technical work, the indexer is entitled to set reward distributions how they see fit. While these parameters can be checked before delegating, indexers can change these parameters at any time. In addition, if you are unhappy with the staking process, unbonding GRT requires a 28-day thawing period.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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