Looking to stake your GLMR but need help getting started? You've come to the right place. In this article we will be explaining in a easy step-by-step approach how to stake your GLMR. Let's get started.
💡 Prerequisites: All you need before we get started is a Metamask account and at least 50 GLMR!
Connect to the Moonbeam Dashboard
1. The first thing that you will want to do is to connect to the Moonbeam dashboard. Navigate to the following page and select Metamask:
"https://moonbeam.network/tutorial/stake-glmr/"
If you are not signed in yet, Metamask will ask you to sign in.
2. Metamask will then ask you: a) which account you wish to connect to, b) permission to add the Moonbeam network to your Metamask, and c) allow the website to switch your network to the Moonbeam network. Approve each pop-up.
3. If you find that your account is still not connected to the Moonbeam dashboard, go back to your Metamask account. It may ask you to connect your account again.
4. If you haven't yet deposited any GLMR to your Metamask account, you can do so by finding your address as shown in the image below:
5. Once you are connected to the dashboard, you will find information about your account including your available balance, staking balance, and even crowd loan rewards.
How to Stake your GLMR
1. To stake your GLMR, head to the staking section in the dashboard. Scroll down and select "manage delegations".
2. Next you will have to select a Collator. Collators are responsible for validating blocks, and in return they will be recompensed with rewards. These rewards will then be shared with you, the delegator. More information about what collators are and how to select them here. Once you know who you will chose, click on "Select a Collator".
3. You can either select an active delegator or a waiting one. More information on how to chose a Collator here. For demonstrative purposes, I will select to delegate with P2P. Type in P2P and select this collator if you wish to delegate with us.
4. Next, enter the amount you wish to delegate (remember the minimum is 50 GLMR) and select "Delegate".
5. Metamask will prompt you to confirm the transaction. Select "Confirm".
Thats it! You are now staking your GLMR and you will start compounding your funds. You can track your stake on your staking dashboard.
For more information on staking Moonbeam (GLMR) with P2P.org, visit https://p2p.org/networks/moonbeam.
For additional staking support, visit the P2P Moonbeam Help Centre.
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].