Introduction
Staking Decentraland can be an excellent option for those who wish to hold MANA 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 Decentraland (MANA) Tokens
To stake Decentraland, you need to possess it. To obtain Decentraland, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Decentraland Wallet
Once you have MANA, you'll need to choose a Decentraland wallet to store your tokens. Here are some suitable options.
3. Delegate Your MANA
We recommend using a staking pool when staking MANA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their MANA, 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 Decentraland network. You will be rewarded with MANA 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
- Market capitalisation
- US$916.82M
- 24-hour volume
- US$82.37M
- Circulating supply
- 1.87B MANA
