How to Stake Luminous (LUM) in Vietnam

Introduction

Staking Luminous is an excellent choice for those looking to hold LUM 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 Luminous (LUM) Tokens

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

   Platform	Coin	Cost
   CoinEx	Luminous (LUM)	0.98
   MEXC Global	Luminous (LUM)	0.97

   View all 4 prices

2. 2. Select a Luminous Wallet

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

   Platform	Coin	Staking benefits
   Stakewolle	Luminous (LUM)	Earn up to 35.19% APY

3. 3. Delegate Your LUM

   We suggest using a staking pool for staking LUM. It's easier and quicker to start. A staking pool consists of validators who pool their LUM, 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 Luminous network. You will be rewarded with LUM 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.