How to Stake Stride Staked Umee (STUMEE)

Introduction

Staking Stride Staked Umee can be an excellent choice for those looking to hold STUMEE 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 Stride Staked Umee (STUMEE) Tokens

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

   Platform	Mint	Cost
   MEXC Global	Stride Staked Umee (STUMEE)	0,0003256

2. 2. Select a Stride Staked Umee Wallet

   Once you have STUMEE, you'll need to choose a Stride Staked Umee wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   MyCointainer	Stride Staked Umee (STUMEE)	Up to 15,8% APY
   Stakewolle	Stride Staked Umee (STUMEE)	Up to 16,97% APY
   Stakin	Stride Staked Umee (STUMEE)	Up to 11,98% APY

   View all 5 staking rewards available

3. 3. Delegate Your STUMEE

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