How to Stake Ethena in 2026
How much can you earn?
Estimate your rewards from staking Ethena.
What is Ethena staking?
Staking Ethena means putting your ENA to work in a DeFi protocol on Ethereum to earn about 25.0% APY. Unlike simply holding, your tokens are deposited into a smart contract that pays out rewards.
Is staking Ethena worth it in 2026?
At ~25.0% APY, Ethena staking offers a solid middle-ground return. There's moderate risk — think lock-up periods and the usual price volatility — so it suits holders who are comfortable leaving ENA staked for a while rather than trading it actively.
Follow the step-by-step guide below to start staking ENA.
How to stake Ethena
Get ENA
Acquire ENA from an exchange.
Connect to DeFi platform
Connect your wallet to the Ethereum DeFi platform offering staking.
Approve and deposit
Approve the smart contract and deposit your ENA to start earning.
Harvest rewards
Monitor and harvest rewards periodically for optimal compounding.
What to watch out for
Ethena staking — common questions
What is the current ENA staking APY?
The current Ethena staking APY is approximately 25.00%. This rate fluctuates based on network participation and total staked supply. Data is updated every few hours.
Is there a minimum to stake ENA?
Yes, the minimum stake for Ethena is 0.01 ENA. Some third-party platforms allow smaller amounts through pooled staking.
How risky is ENA staking?
Ethena staking carries medium risk. There are some risks including potential slashing, lock-up periods, and smart contract risk.
What type of staking does ENA use?
Ethena uses DeFi staking through smart contracts, which can offer higher yields with additional smart contract risk.
What percentage of ENA is staked?
About 30.0% of the total Ethena supply is currently staked, worth $229.35M.