Introduction
Staking Stargaze can be a great option for those who want to hold stars 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 Stargaze (stars) Tokens
In order to stake Stargaze, you need to have it. To obtain Stargaze, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Stargaze Wallet
Once you have stars, you'll need to choose a Stargaze wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Stakin Stargaze (stars) Up to 13.48% APY Rates as listed by providers on Jul 28, 20263. Delegate Your stars
We recommend using a staking pool when staking stars. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their stars, 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 Stargaze network. You'll be rewarded with stars 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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