How to Stake Stride Staked Umee (STUMEE) in Australia

Introduction

Staking Stride Staked Umee can be a great option for those who want to hold STUMEE 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 Stride Staked Umee (STUMEE) Tokens

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

   Platform	Coin	Cost
   MEXC Global	Stride Staked Umee (STUMEE)	0.0003256

2. 2. Choose a Stride Staked Umee Wallet

   Once you have STUMEE, you'll need to choose a Stride Staked Umee wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   MyCointainer	Stride Staked Umee (STUMEE)	Up to 15.8% % p.a.
   Stakewolle	Stride Staked Umee (STUMEE)	Up to 16.97% % p.a.
   Stakin	Stride Staked Umee (STUMEE)	Up to 11.98% % p.a.

   View all 5 staking rewards

3. 3. Delegate Your STUMEE

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