Introduction

Staking Metal DAO can be an excellent choice for those looking to hold MTL while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Metal DAO (MTL) Tokens

   To stake Metal DAO, you first need to acquire it. To obtain Metal DAO, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   PrimeXBT	Metal DAO (MTL)	0.76 APY
   Uphold	Metal DAO (MTL)	0.77 APY
   Binance	Metal DAO (MTL)	0.76 APY
   Coinbase	Metal DAO (MTL)	1.46 APY
   BingX	Metal DAO (MTL)	0.76 APY
   Bitget	Metal DAO (MTL)	0.76 APY

   See all 25 prices in Uganda

2. 2. Select a Metal DAO Wallet

   Once you have MTL, you'll need to select a Metal DAO wallet to securely store your tokens. Here are some reliable options to consider.

3. 3. Delegate Your MTL

   We recommend using a staking pool when staking MTL. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their MTL, 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 Metal DAO network. You'll be rewarded with MTL for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.