How to Stake Maker (MKR) in Vietnam

Introduction

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

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

   Platform	Coin	Cost
   Nexo	Maker (MKR)	2,224.69
   PrimeXBT	Maker (MKR)	1,675.3
   YouHodler	Maker (MKR)	1,813.7
   Binance	Maker (MKR)	1,813.7
   BTSE	Maker (MKR)	1,790.92
   Coinbase	Maker (MKR)	1,386.35

   View all 71 prices

2. 2. Select a Maker Wallet

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

   Platform	Coin	Staking benefits
   YouHodler	Maker (MKR)	Earn up to 7% APY

3. 3. Delegate Your MKR

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