This is a step-by-step guide on how to stake the glimmer token (GLMR) on Moonbeam.
Step 1 Add the Moonbeam network to your MetaMask wallet
Click on the network dropdown on your MetaMask wallet and click “add network”.
Fill in the following details of the Moonbeam network:
Network Name: Moonbeam
Block Explorer: https://blockscout.moonbeam.network/
Step 2 Go to the Moonbeam app
You need to visit the site https://apps.moonbeam.network/moonbeam
Accept the permissions that pop up from your MetaMask wallet.
You will now see the Homepage:
Step 3 Select a Collator
You need to now scroll down to the Staking section and click Manage Delegations
Choose a collator from the list:
When choosing a collator you should note that the following rules apply:
- The less the “total bonded” the collator has, the more you will earn.
- The more blocks per round the collator has, the more rewards you will get.
Step 4 Delegate
When you have chosen a collator you can delegate your GLMR by choosing your amount and clicking Delegate. The minimum GLMR you need to stake is 50.
You have staked your Glimmer (GLMR) on Moonbeam.