How to Stake Sommelier (SOMM) in Vietnam

Introduction

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.

Comprehensive Guide

1. 1. Acquire Sommelier (SOMM) Tokens

   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

   View all 4 prices

2. 2. Select a Sommelier Wallet

   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

   View all 4 staking rewards

3. 3. Delegate Your SOMM

   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.

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 Sommelier network. You will be rewarded with SOMM 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.