How to Stake Desmos (DSM) in the UK

Introduction

Staking Desmos can be an excellent option for those who wish to hold DSM 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. 1. Obtain Desmos (DSM) Tokens

   To stake Desmos, you need to possess it. To obtain Desmos, you'll need to purchase it. You can choose from these popular exchanges.

2. 2. Choose a Desmos Wallet

   Once you have DSM, you'll need to choose a Desmos wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Stakewolle	Desmos (DSM)	Up to 19.73% AER

3. 3. Delegate Your DSM

   We recommend using a staking pool when staking DSM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their DSM, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Desmos network. You will be rewarded with DSM 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.