Where and how to stake Beyond Protocol (BP)

Introduction

Staking Beyond Protocol can be a great option for those who wish to hold BP 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 Beyond Protocol (BP) Tokens

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

   Platform	Coin	Price
   Gate.io	Beyond Protocol (BP)	0

2. 2. Select a Beyond Protocol Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Beyond Protocol (BP)	Up to 11.5% APY

3. 3. Delegate Your BP

   We suggest using a staking pool for staking BP. It's easier and quicker to get started. A staking pool is a collection of validators who combine their BP, 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 Beyond Protocol network. You'll be rewarded with BP 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.