stacky.

How to Stake Pendle (PENDLE) on MyNearWallet

MyNearWallet may not directly support PENDLE staking, but you can still use MyNearWallet to buy PENDLE and transfer it for staking.

Current APY

20.0%

Price

$1.06

Platform Fee

No

Platform Type

wallet

Start Staking PENDLE on MyNearWallet

MyNearWallet gives you full control of your assets.

Stake PENDLE on MyNearWallet →

Step-by-Step: Stake PENDLE on MyNearWallet

1

Install MyNearWallet

Download and install MyNearWallet from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

2

Fund the wallet with PENDLE

Buy PENDLE on an exchange (Coinbase, Kraken, Binance) and withdraw to your MyNearWallet address. Double-check the network before sending.

3

Open the staking section

In MyNearWallet, navigate to the staking or earn tab for Pendle. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

4

Delegate and confirm

Enter the amount of PENDLE to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

MyNearWallet for PENDLE Staking: Pros & Cons

Pros

  • + Browser-based — no install required
  • + Direct delegation to any NEAR validator
  • + Compatible with Ledger hardware wallets
  • + Open-source codebase

Cons

  • - NEAR-only; no multi-chain support
  • - Web wallets carry phishing risk — bookmark the real URL
  • - Original NEAR Wallet was deprecated in 2023; some legacy guides are outdated

FAQ: PENDLE Staking on MyNearWallet

What APY can I earn staking PENDLE on MyNearWallet?
The current estimated APY for PENDLE staking is around 20.0%. Actual rates vary based on network conditions, validator performance, and MyNearWallet's fee structure (No platform fee — validator commission (typically 1–10%)).
Is staking PENDLE on MyNearWallet safe?
MyNearWallet is a non-custodial protocol with a medium risk profile for PENDLE staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake PENDLE from MyNearWallet?
Unstaking times depend on the network: ~2–3 days unstaking (4 epochs). During the unstaking period, your PENDLE won't earn rewards.
What fees does MyNearWallet charge for PENDLE staking?
MyNearWallet charges No platform fee — validator commission (typically 1–10%). These fees are typically deducted from your staking rewards automatically.
Can I stake PENDLE on other platforms?
Yes! You can compare all available platforms for PENDLE staking on our How to Stake Pendle guide. Different platforms offer different APY rates, fees, and custody models.