Introduction
Staking Monad can be a great option for those who want to hold mon 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 Guide
1. Obtain Monad (mon) Tokens
In order to stake Monad, you need to have it. To obtain Monad, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Nexo Monad (mon) 0.02 2. Choose a Monad Wallet
Once you have mon, you'll need to choose a Monad wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Stakin Monad (mon) Up to 10.43% APY Rates as listed by providers on Oct 16, 20263. Delegate Your mon
We recommend using a staking pool when staking mon. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their mon, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Monad network. You'll be rewarded with mon 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.
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Latest Movements
Monad (mon) is currently priced at $0.02 with a 24-hour trading volume of $18.05M. In the last 24 hours, Monad has experienced a decrease of -1.07%. The market cap of Monad stands at $270.36M, with 11.83B mon in circulation. For those looking to buy or trade Monad, Stakin offers avenues to do so securely and efficiently
- Market cap
- $270.36M
- 24h volume
- $18.05M
- Circulating supply
- 11.83B mon

