Introduction
Staking Neblio can be a great option for those who want to hold NEBL 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 Neblio (NEBL) tokens
In order to stake Neblio, you need to have it. To obtain Neblio, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Neblio wallet
Once you have NEBL, you’ll need to choose a Neblio wallet to store your tokens. Here are some good options.
- 3
Delegate your NEBL
We recommend using a staking pool when staking NEBL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NEBL, 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 Neblio network. You’ll be rewarded with NEBL 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.
