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 for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Lambda (LAMB) Tokens

   To stake Lambda, you first need to acquire it. To obtain Lambda, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   OKX	Lambda (LAMB)	0,000109 APY
   BingX	Lambda (LAMB)	0,0001004 APY
   Gate.io	Lambda (LAMB)	0,00001017 APY
   HTX	Lambda (LAMB)	0,000048 APY
   MEXC Global	Lambda (LAMB)	0,00004731 APY

   View all 10 prices

2. 2. Select a Lambda Wallet

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

   Plattform	Kryptowährung	Staking rewards
   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 faster to get started. A staking pool is a collective of validators who pool 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 will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Lambda network. For these validations, you will be rewarded with LAMB.

What to Consider

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