Where and how to stake Polymesh (POLYX)

Introduction

Staking Polymesh can be a great option for those who wish to hold POLYX 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 Polymesh (POLYX) Tokens

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

   Platform	Coin	Price
   Binance	Polymesh (POLYX)	0.16
   Bitget	Polymesh (POLYX)	0.16
   Kucoin	Polymesh (POLYX)	0.16
   Bitmart	Polymesh (POLYX)	0.16
   Gate.io	Polymesh (POLYX)	0.16
   CoinEx	Polymesh (POLYX)	0.16

   See all 23 prices

2. 2. Select a Polymesh Wallet

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

   Platform	Coin	Staking rewards
   Binance	Polymesh (POLYX)	Up to 8.9 APY
   MyCointainer	Polymesh (POLYX)	Up to 21 APY

3. 3. Delegate Your POLYX

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