Where and How to Stake Stride Staked Umee (STUMEE)

Introduction

Staking Stride Staked Umee can be a great choice for those who want to hold STUMEE but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Stride Staked Umee (STUMEE) Tokens

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

   Platform	Loonies	Price
   MEXC Global	Stride Staked Umee (STUMEE)	0.0003256

2. 2. Select 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 good options.

   Platform	Loonies	Staking rewards
   Stakewolle	Stride Staked Umee (STUMEE)	Up to 16.97% annual percentage yield
   MyCointainer	Stride Staked Umee (STUMEE)	Up to 15.8% annual percentage yield
   Stakin	Stride Staked Umee (STUMEE)	Up to 11.98% annual percentage yield

   See all 5 staking rewards

3. 3. Delegate Your STUMEE

   We recommend using a staking pool when staking STUMEE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STUMEE, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   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 you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.