Introduction
Staking Decentralized Social can be an excellent choice for those looking to hold DESO 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 Decentralized Social (DESO) Tokens
To stake Decentralized Social, you must first acquire it. To obtain Decentralized Social, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Check out all 7 pricesPiattaforma Criptovaluta Value Coinbase Decentralized Social (DESO) 6,92 APY CoinEx Decentralized Social (DESO) 7,45 APY Gate.io Decentralized Social (DESO) 7,31 APY HTX Decentralized Social (DESO) 3,3 APY 2. Select a Decentralized Social Wallet
Once you have DESO, you'll need to select a Decentralized Social wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
3. Delegate Your DESO
We recommend using a staking pool when staking DESO. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their DESO, 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 Decentralized Social network. For these validations, you'll receive rewards in DESO.
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$121.36M
- 24h volume in the Italian market
- US$428,718
- Circulating supply
- 10,53M DESO