Introduction
Staking Decentr can be an excellent option for those who wish to hold DEC while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Decentr (DEC) Tokens
To stake Decentr, you need to possess it. To obtain Decentr, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Decentr Wallet
Once you have DEC, you'll need to choose a Decentr wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards Stakewolle Decentr (DEC) Up to 26% AER 3. Delegate Your DEC
We recommend using a staking pool when staking DEC. It's simpler and quicker to get started. A staking pool is a group of validators who combine their DEC, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Decentr network. You will be rewarded with DEC for these validations.
What to Be Aware Of
There are transaction and staking pool fees you need to consider. There may 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 in the UK
Decentr (DEC) is currently priced at US$26 with a 24-hour trading volume of US$525.63. The market cap of Decentr stands at US$202,490, with 108.77M DEC in circulation. For those looking to buy or trade Decentr, Stakewolle offers avenues to do so securely and efficiently
- Market capitalisation
- US$202,490
- 24-hour volume
- US$525.63
- Circulating supply
- 108.77M DEC
