Introduction
Staking Decentraland can be an excellent choice for those looking to hold MANA while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.
Step-by-Step Guide for Italian Investors
1. Acquire Decentraland (MANA) Tokens
To stake Decentraland, you must first acquire it. To obtain Decentraland, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Check out all 51 pricesPiattaforma Criptovaluta Value Nexo Decentraland (MANA) 0,12 APY PrimeXBT Decentraland (MANA) 0,12 APY YouHodler Decentraland (MANA) 0,12 APY Binance Decentraland (MANA) 0,12 APY BTSE Decentraland (MANA) 0,12 APY OKX Decentraland (MANA) 0,23 APY 2. Select a Decentraland Wallet
Once you have MANA, you'll need to select a Decentraland wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
3. Delegate Your MANA
We recommend using a staking pool when staking MANA. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their MANA, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Begin the Validation Process
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Decentraland network. For these validations, you'll receive rewards in MANA.
What to Consider in Italy
When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.
Recent Developments
- Market capitalization
- US$916.82M
- 24h volume in the Italian market
- US$82.37M
- Circulating supply
- 1,87B MANA
