If you're holding SHIB tokens in your wallet, staking them can generate passive income. Unlike native Proof-of-Stake assets (e.g., Ethereum), SHIB—an ERC-20 token—doesn’t participate in network consensus. Instead, "staking Shiba Inu" involves locking tokens to earn rewards through DeFi platforms or exchanges.
This guide explores three proven methods to stake SHIB, along with key platforms and risks.
Key Highlights
- Non-native staking: SHIB staking doesn’t influence blockchain consensus but offers rewards via DeFi protocols.
- Reward diversity: Stake on ShibaSwap to earn BONE, SHIB, and ETH, with partial rewards locked for six months.
- Exchange flexibility: Binance and other platforms provide flexible or locked staking options.
- Liquidity risks: Providing SHIB liquidity on DEXes like Uniswap may expose you to impermanent loss.
How to Stake Shiba Inu (SHIB)?
1. Stake SHIB on ShibaSwap
ShibaSwap—the official DeFi platform—allows staking via its "Bury" feature:
- Connect a Web3 wallet (e.g., MetaMask) to ShibaSwap.
- Select "Bury Shib" and enter your SHIB amount.
- Receive xSHIB tokens representing your staked position.
Rewards: Distributed weekly as BONE, SHIB, and ETH. Only 33% are immediately claimable; 67% unlock after six months.
👉 Maximize SHIB staking rewards here
2. Stake SHIB on Centralized Exchanges (e.g., Binance)
Exchanges like Binance offer hassle-free staking:
- Flexible products: Lower APY but instant withdrawals.
- Locked staking: Higher returns for fixed terms.
Steps:
- Deposit SHIB into Binance Earn.
- Choose flexible or locked staking.
Note: Rates vary by platform.
3. Provide SHIB Liquidity on DEXes (e.g., Uniswap)
Liquidity providers (LPs) earn trading fees but face risks:
- Pair SHIB with another token (e.g., ETH) in a 50/50 ratio.
- Deposit into a Uniswap pool to receive LP tokens.
Risks: Impermanent loss occurs if token values diverge.
👉 Explore DeFi staking strategies
Bonus: Stake BONE on Shibarium
While not SHIB staking, BONE (Shiba’s governance token) can be staked on Shibarium:
- Connect your wallet to Shibarium’s staking portal.
- Select a validator and stake BONE.
FAQs
How to Stake Shiba Inu Safely?
- Use ShibaSwap for ecosystem rewards.
- Opt for trusted exchanges like Binance for lower risk.
- Avoid high-volatility pools if concerned about impermanent loss.
Where Can I Stake Shiba Inu?
Top platforms:
- ShibaSwap (DeFi)
- Binance (CEX)
- Uniswap (Liquidity pools)
Is SHIB Staking Profitable?
Rewards depend on:
- Platform APY.
- Market conditions.
- Lock-up periods.
Final Thoughts
Staking SHIB offers multiple avenues for passive income:
- DeFi purists: ShibaSwap.
- Convenience seekers: Binance.
- Advanced users: Uniswap liquidity.