How to Stake Decentr (DEC) in Australia

Introduction

Staking Decentr can be a great option for those who want to hold DEC while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Decentr (DEC) Tokens

   To stake Decentr, you need to own it. To obtain Decentr, you'll need to buy it. You can choose from these popular exchanges.

2. 2. Choose a Decentr Wallet

   Once you have DEC, you'll need to choose a Decentr wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Stakewolle	Decentr (DEC)	Up to 26% % p.a.

3. 3. Delegate Your DEC

   We recommend using a staking pool when staking DEC. It's simpler and quicker to get started. A staking pool is a group of validators who combine their DEC, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Decentr network. You'll be rewarded with DEC for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.