Introduction

Staking Merlin Chain can be an excellent option for those who wish to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Merlin Chain (MERL)	0.32
   BTSE	Merlin Chain (MERL)	0.32
   Kraken	Merlin Chain (MERL)	0.32
   OKX	Merlin Chain (MERL)	0.11
   BingX	Merlin Chain (MERL)	0.32
   Bitget	Merlin Chain (MERL)	0.32

   View all 32 prices

2. 2. Choose a Merlin Chain Wallet

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

3. 3. Delegate Your MERL

   We recommend using a staking pool when staking MERL. It's simpler and quicker to get started. A staking pool is a group of validators who combine their MERL, 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 Merlin Chain network. You will be rewarded with MERL 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.