Where & how to stake Lovely Inu Finance (LOVELY)

Introduction

Staking Lovely Inu Finance can be a great option for those who want to hold LOVELY but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Lovely Inu Finance (LOVELY) tokens

   In order to stake Lovely Inu Finance, you need to have it. To obtain Lovely Inu Finance, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitmart	Lovely Inu Finance (LOVELY)	$0.0028
   BingX	Lovely Inu Finance (LOVELY)	$0.0029
   MEXC Global	Lovely Inu Finance (LOVELY)	$0.003
   Bitget	Lovely Inu Finance (LOVELY)	$0.0029

   See all 4 prices

2. 2. Choose a Lovely Inu Finance wallet

   Once you have LOVELY, you’ll need to choose a Lovely Inu Finance wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	Lovely Inu Finance (LOVELY)	Up to 3% APY

3. 3. Delegate your LOVELY

   We recommend using a staking pool when staking LOVELY. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LOVELY, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Lovely Inu Finance network. You’ll be rewarded with LOVELY for these validations.

What to be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.