Introduction

Staking Wall Street Memes can be a great option for those who want to hold WSM 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 Wall Street Memes (WSM) Tokens

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

   Platform	Coin	Cost
   Bitmart	Wall Street Memes (WSM)	0.000938
   Gate.io	Wall Street Memes (WSM)	0.000827
   HTX	Wall Street Memes (WSM)	0.000383
   MEXC Global	Wall Street Memes (WSM)	0.0005787

   See all 6 prices

2. 2. Choose a Wall Street Memes Wallet

   Once you have WSM, you'll need to choose a Wall Street Memes wallet to store your tokens. Here are some great options.

3. 3. Delegate Your WSM

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