Earn up to
5.9% p.a.
A comprehensive guide on how to stake GMX (GMX)
We have a wealth of data on staking GMX (GMX) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
GMX (GMX) is currently priced at USD 5.9 with a 24-hour trading volume of USD 18.51M. The market cap of GMX stands at USD 236.11M, with 9.92M GMX in circulation. For those looking to buy or trade GMX, Binance offers avenues to do so securely and efficiently
Staking GMX can be a great option for those who want to hold GMX 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.
To stake GMX, you need to own it. To obtain GMX, you'll need to buy it. You can choose from these popular exchanges.
Once you have GMX, you'll need to choose a GMX wallet to store your tokens. Here are some great options.
We recommend using a staking pool when staking GMX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GMX, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 GMX network. You'll be rewarded with GMX for these validations.
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.
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