Introduction

Staking Smart Layer Network can be an excellent choice for those looking to hold SLN 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 Smart Layer Network (SLN) Tokens

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

   Plattform	Kryptowährung	Price
   Bitmart	Smart Layer Network (SLN)	0,04 APY
   Bitpanda	Smart Layer Network (SLN)	0,27 APY
   CoinEx	Smart Layer Network (SLN)	0,03 APY
   Crypto.com	Smart Layer Network (SLN)	0,03 APY
   Gate.io	Smart Layer Network (SLN)	0 APY
   Phemex	Smart Layer Network (SLN)	0,07 APY

   View all 11 prices

2. 2. Select a Smart Layer Network Wallet

   Once you have SLN, you'll need to select a Smart Layer Network wallet to securely store your tokens. Here are some solid options to consider.

3. 3. Delegate Your SLN

   We recommend using a staking pool when staking SLN. It's simpler and faster to get started. A staking pool is a collective of validators who pool their SLN, 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 Smart Layer Network network. For these validations, you will be rewarded with SLN.

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.