How to Stake Lido Staked Matic (STMATIC)

Introduction

Staking Lido Staked Matic can be an excellent choice for those looking to hold STMATIC while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Lido Staked Matic (STMATIC) Tokens

   To stake Lido Staked Matic, you first need to acquire it. To obtain Lido Staked Matic, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

2. 2. Select a Lido Staked Matic Wallet

   Once you have STMATIC, you'll need to select a Lido Staked Matic wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Lido	Lido Staked Matic (STMATIC)	Up to 3,31 % APY

3. 3. Delegate Your STMATIC

   We recommend using a staking pool when staking STMATIC. It's simpler and faster to get started. A staking pool is a collective of validators who pool their STMATIC, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Lido Staked Matic network. For these validations, you will be rewarded with STMATIC.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.