How to Stake Lido Staked Matic (STMATIC) in Australia

Introduction

Staking Lido Staked Matic can be a great option for those who want to hold STMATIC 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 Lido Staked Matic (STMATIC) Tokens

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

2. 2. Choose a Lido Staked Matic Wallet

   Once you have STMATIC, you'll need to choose a Lido Staked Matic wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Lido	Lido Staked Matic (STMATIC)	Up to 3.31% % p.a.

3. 3. Delegate Your STMATIC

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