Introduction
Staking Decentr can be a great option for those who want to hold DEC but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain Decentr (DEC) Tokens
In order to stake Decentr, you need to have it. To obtain Decentr, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Decentr Wallet
Once you have DEC, you’ll need to choose a Decentr wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards MyCointainer Decentr (DEC) Up to 23.8 APY Stakewolle Decentr (DEC) Up to 26 APY 3. Delegate Your DEC
We recommend using a staking pool when staking DEC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DEC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 Decentr network. You’ll be rewarded with DEC for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
Decentr (DEC) is currently priced at $23.8 with a 24-hour trading volume of $10,286.61. The market cap of Decentr stands at $312,062, with $108,767,633.45 DEC in circulation. For those looking to buy or trade Decentr, MyCointainer offers avenues to do so securely and efficiently}
- Market cap
- $312,062
- 24h volume
- $10,286.61
- Circulating supply
- $108.77M
