How to Stake Lambda (LAMB)

Introduction

Staking Lambda can be an excellent choice for those looking to hold LAMB 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. 1. Acquire Lambda (LAMB) Tokens

   To stake Lambda, you must first acquire it. To obtain Lambda, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   OKX	Lambda (LAMB)	0,000109 APY
   BingX	Lambda (LAMB)	0,0001004 APY
   Gate.io	Lambda (LAMB)	0,00001017 APY
   HTX	Lambda (LAMB)	0,000048 APY
   MEXC Global	Lambda (LAMB)	0,00004731 APY

   Check out all 10 prices

2. 2. Select a Lambda Wallet

   Once you have LAMB, you'll need to select a Lambda wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   MyCointainer	Lambda (LAMB)	Up to 30,4% APY

3. 3. Delegate Your LAMB

   We recommend using a staking pool when staking LAMB. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their LAMB, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Lambda network. For these validations, you'll receive rewards in LAMB.

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.