Introduction
Staking Metal DAO is an excellent choice for those looking to hold MTL 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. Acquire Metal DAO (MTL) Tokens
To stake Metal DAO, you first need to acquire it. You can purchase Metal DAO from various popular exchanges.
View all 25 pricesPlatform Coin Cost PrimeXBT Metal DAO (MTL) 0.52 Binance Metal DAO (MTL) 0.52 Coinbase Metal DAO (MTL) 1.46 Uphold Metal DAO (MTL) 0.77 BingX Metal DAO (MTL) 0.52 Bitget Metal DAO (MTL) 0.52 2. Select a Metal DAO Wallet
Once you have MTL, you'll need to select a Metal DAO wallet to keep your tokens safe. Here are some great options.
3. Delegate Your MTL
We suggest using a staking pool for staking MTL. It's easier and quicker to start. A staking pool consists of validators who pool their MTL, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
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 Metal DAO network. You will be rewarded with MTL 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.
Recent Developments
- Market capitalization
- $117.89M
- 24-hour trading volume
- $77.19M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 83.17M MTL