How to Stake Lambda (LAMB)

Introduction

Staking Lambda can be an excellent choice for those looking to hold LAMB while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Lambda (LAMB) Tokens

   To stake Lambda, you first need to acquire it. To obtain Lambda, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   OKX	Lambda (LAMB)	0,000109
   BingX	Lambda (LAMB)	0,0001004
   Gate.io	Lambda (LAMB)	0,00001017
   HTX	Lambda (LAMB)	0,000048
   MEXC Global	Lambda (LAMB)	0,00004731

   View all 10 prices

2. 2. Select a Lambda Wallet

   Once you have LAMB, you'll need to choose a Lambda wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   MyCointainer	Lambda (LAMB)	Up to 30,4% APY

3. 3. Delegate Your LAMB

   We recommend using a staking pool when staking LAMB. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LAMB, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Lambda network. You'll be rewarded with LAMB for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.