How to Stake Vector Finance (VTX)

Introduction

Staking Vector Finance can be an excellent choice for those looking to hold VTX 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 Vector Finance (VTX) Tokens

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

2. 2. Select a Vector Finance Wallet

   Once you have VTX, you'll need to select a Vector Finance wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Vector Finance (VTX)	Up to 17,21 % APY

3. 3. Delegate Your VTX

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

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.