How to Stake Homer (SIMPSON): A Step-by-Step Guide

Introduction

Staking Homer can be a great option for those who want to hold SIMPSON but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Homer (SIMPSON) Tokens
In order to stake Homer, you need to have it. To obtain Homer, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Bitmart Homer (SIMPSON) 0
MEXC Global Homer (SIMPSON) 0
See all 5 prices
2. Choose a Homer Wallet
Once you have SIMPSON, you’ll need to choose a Homer wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Bitmart Homer (SIMPSON) Up to 0,5% APY
3. Delegate Your SIMPSON
We recommend using a staking pool when staking SIMPSON. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SIMPSON, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Homer network. You’ll be rewarded with SIMPSON for these validations.

Platform	Coin	Price
Bitmart	Homer (SIMPSON)	0
MEXC Global	Homer (SIMPSON)	0

Platform	Coin	Staking rewards
Bitmart	Homer (SIMPSON)	Up to 0,5% APY

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.

Latest Movements

Homer (SIMPSON) is currently priced at US$0.5 with a 24-hour trading volume of US$27,069. For those looking to buy or trade Homer, Bitmart offers avenues to do so securely and efficiently