Where and How to Stake Wall Street Memes (WSM)

Introduction

Staking Wall Street Memes can be a great option for those who want to hold WSM 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 Wall Street Memes (WSM) Tokens

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

   Platform	Coin	Price
   Bitmart	Wall Street Memes (WSM)	0
   MEXC Global	Wall Street Memes (WSM)	0
   BingX	Wall Street Memes (WSM)	0
   Gate.io	Wall Street Memes (WSM)	0
   HTX	Wall Street Memes (WSM)	0

   See all 5 prices

2. 2. Choose a Wall Street Memes Wallet

   Once you have WSM, you’ll need to choose a Wall Street Memes wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	Wall Street Memes (WSM)	Up to 2 APY

3. 3. Delegate Your WSM

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