How to Stake Lambda (LAMB): A Comprehensive Guide for Australians

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. 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. 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. 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. 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.

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

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

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.