Where and how to stake AltLayer (ALT)

Introduction

Staking AltLayer can be a great option for those who wish to hold ALT while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire AltLayer (ALT) Tokens

   To stake AltLayer, you need to have it. To obtain AltLayer, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	AltLayer (ALT)	0.03
   Coinbase	AltLayer (ALT)	0.03
   MEXC Global	AltLayer (ALT)	0.03
   Gate.io	AltLayer (ALT)	0.03
   LBank	AltLayer (ALT)	0.03
   WhiteBit	AltLayer (ALT)	0.03

   See all 19 prices

2. 2. Select a AltLayer Wallet

   Once you have ALT, you’ll need to choose a AltLayer wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	AltLayer (ALT)	Up to 8.9% APY

3. 3. Delegate Your ALT

   We suggest using a staking pool for staking ALT. It's easier and quicker to get started. A staking pool is a collection of validators who combine their ALT, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the AltLayer network. You'll be rewarded with ALT for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.