How to Stake Lambda (LAMB) in Australia

Introduction

Staking Lambda can be a great option for those who want to hold LAMB 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 Lambda (LAMB) Tokens

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

   Platform	Coin	Cost
   OKX	Lambda (LAMB)	0.000109
   BingX	Lambda (LAMB)	0.0001004
   Gate.io	Lambda (LAMB)	0.00001017
   HTX	Lambda (LAMB)	0.000048
   MEXC Global	Lambda (LAMB)	0.00004731

   See all 10 prices

2. 2. Choose a Lambda Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Lambda (LAMB)	Up to 30.4% % p.a.

3. 3. Delegate Your LAMB

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