Introduction

Staking Merlin Chain can be a great option for those who want to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Merlin Chain (MERL)	0.31
   BTSE	Merlin Chain (MERL)	0.31
   Kraken	Merlin Chain (MERL)	0.31
   OKX	Merlin Chain (MERL)	0.11
   BingX	Merlin Chain (MERL)	0.31
   Bitget	Merlin Chain (MERL)	0.31

   See all 32 prices

2. 2. Choose a Merlin Chain Wallet

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

3. 3. Delegate Your MERL

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