How to Stake Lido Staked Matic (STMATIC): A Step-by-Step Guide

Introduction

Staking Lido Staked Matic can be a great option for those who want to hold STMATIC 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 Lido Staked Matic (STMATIC) Tokens
In order to stake Lido Staked Matic, you need to have it. To obtain Lido Staked Matic, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Lido Staked Matic Wallet
Once you have STMATIC, you’ll need to choose a Lido Staked Matic wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Lido Lido Staked Matic (STMATIC) Up to 3,31% APY
3. Delegate Your STMATIC
We recommend using a staking pool when staking STMATIC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STMATIC, 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 Lido Staked Matic network. You’ll be rewarded with STMATIC for these validations.

Platform	Coin	Staking rewards
Lido	Lido Staked Matic (STMATIC)	Up to 3,31% 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.