Where and How to Stake Onomy Protocol (NOM)

Introduction

Staking Onomy Protocol can be a great option for those who want to hold NOM 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. 1. Obtain Onomy Protocol (NOM) Tokens

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

   Platform	Coin	Price
   BingX	Onomy Protocol (NOM)	0.02

2. 2. Choose a Onomy Protocol Wallet

   Once you have NOM, you’ll need to choose a Onomy Protocol wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   MyCointainer	Onomy Protocol (NOM)	Up to 18.1 APY
   Stakewolle	Onomy Protocol (NOM)	Up to 200 APY

3. 3. Delegate Your NOM

   We recommend using a staking pool when staking NOM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NOM, 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 Onomy Protocol network. You’ll be rewarded with NOM 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.