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