How to Stake Jackal Protocol (JKL) in Australia

Introduction

Staking Jackal Protocol can be a great option for those who want to hold JKL 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 Jackal Protocol (JKL) Tokens

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

2. 2. Choose a Jackal Protocol Wallet

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

   Platform	Coin	Staking returns
   Stakewolle	Jackal Protocol (JKL)	Up to 49.05% % p.a.

3. 3. Delegate Your JKL

   We recommend using a staking pool when staking JKL. It's simpler and quicker to get started. A staking pool is a group of validators who combine their JKL, 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 Jackal Protocol network. You'll be rewarded with JKL 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.