How to Stake Lido Staked Matic (STMATIC)

Introduction

Staking Lido Staked Matic can be an excellent choice for those looking to hold STMATIC 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 Lido Staked Matic (STMATIC) Tokens

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

2. 2. Select a Lido Staked Matic Wallet

   Once you have STMATIC, you'll need to choose a Lido Staked Matic wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Lido	Lido Staked Matic (STMATIC)	Up to 3,31% APY

3. 3. Delegate Your STMATIC

   We recommend using a staking pool when staking STMATIC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their STMATIC, 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 Lido Staked Matic network. You'll be rewarded with STMATIC 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.