How to Stake Vector Finance (VTX) in Australia

Introduction

Staking Vector Finance can be a great option for those who want to hold VTX 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 Vector Finance (VTX) Tokens

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

2. 2. Choose a Vector Finance Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Vector Finance (VTX)	Up to 17.21% % p.a.

3. 3. Delegate Your VTX

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