How to Stake Desmos (DSM) in Vietnam

Introduction

Staking Desmos is an excellent choice for those looking to hold DSM while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire Desmos (DSM) Tokens

   To stake Desmos, you first need to acquire it. You can purchase Desmos from various popular exchanges.

2. 2. Select a Desmos Wallet

   Once you have DSM, you'll need to select a Desmos wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Stakewolle	Desmos (DSM)	Earn up to 19.73% APY

3. 3. Delegate Your DSM

   We suggest using a staking pool for staking DSM. It's easier and quicker to start. A staking pool consists of validators who pool their DSM, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Desmos network. You will be rewarded with DSM for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.