How to Stake Maker (MKR)

Introduction

Staking Maker can be an excellent choice for those looking to hold MKR 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 Maker (MKR) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Maker (MKR)	2.224,69 APY
   PrimeXBT	Maker (MKR)	1.675,3 APY
   YouHodler	Maker (MKR)	1.813,7 APY
   Binance	Maker (MKR)	1.813,7 APY
   BTSE	Maker (MKR)	1.790,92 APY
   Coinbase	Maker (MKR)	1.386,35 APY

   Check out all 71 prices

2. 2. Select a Maker Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   YouHodler	Maker (MKR)	Up to 7% APY

3. 3. Delegate Your MKR

   We recommend using a staking pool when staking MKR. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their MKR, 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 Maker network. For these validations, you'll receive rewards in MKR.

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.