Introduction
Staking DAO Maker can be a great option for those who want to hold DAO but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain DAO Maker (DAO) tokens
In order to stake DAO Maker, you need to have it. To obtain DAO Maker, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a DAO Maker wallet
Once you have DAO, you’ll need to choose a DAO Maker wallet to store your tokens. Here are some good options.
- 3
Delegate your DAO
We recommend using a staking pool when staking DAO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DAO, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the DAO Maker network. You’ll be rewarded with DAO for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
DAO Maker (DAO) is currently priced at $0.7717, with a 24-hour trading volume of $5.70M. In the last 24 hours, DAO Maker has seen an increase to 0.22. The market cap of DAO Maker stands at $115.66M, with 150.00M in circulation. For those looking to buy or trade DAO Maker, reputable platforms like BTSE offer avenues to do so securely and efficiently.
- Market cap
- $115.66M
- Volume
- $5.70M
- Circulating supply
- $150.00M