error while formatting en-vn message: how-to.verb.stake.hero.lead
A comprehensive guide on how to stake Sommelier (SOMM)
We have extensive data on staking Sommelier (SOMM) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
missing en-vn translation: common.latest-movements-copy
Staking Sommelier is an excellent choice for those looking to hold SOMM 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.
To stake Sommelier, you first need to acquire it. You can purchase Sommelier from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| CoinEx | Sommelier (SOMM) | 0 |
| Gate.io | Sommelier (SOMM) | 0.000991 |
Once you have SOMM, you'll need to select a Sommelier wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| Everstake | Sommelier (SOMM) | Earn up to 2.66% APY |
| Stakewolle | Sommelier (SOMM) | Earn up to 10.3% APY |
We suggest using a staking pool for staking SOMM. It's easier and quicker to start. A staking pool consists of validators who pool their SOMM, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Sommelier network. You will be rewarded with SOMM for these validations.
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.
SOMM
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
