Introduction

Staking UMA can be a great option for those who want to hold UMA 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 UMA (UMA) Tokens

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

   Platform	Coin	Price
   Uphold	UMA (UMA)	1.2
   Kraken	UMA (UMA)	1.21
   OKX	UMA (UMA)	1.4
   Binance	UMA (UMA)	1.2
   Coinbase	UMA (UMA)	1.2
   Bitget	UMA (UMA)	1.2

   See all 54 prices

2. 2. Choose a UMA Wallet

   Once you have UMA, you'll need to choose a UMA wallet to store your tokens. Here are some good options.

3. 3. Delegate Your UMA

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