How to Stake With Stellar Lumens (Claiming Inflation Rewards)

waveyuk (47)in #dtube • 5 years ago

If you're like me you may not know that you can actually earn Stellar Lumens just by holding them. This isn't traditional staking but rather a mechanism called inflation. Every Tuesday at 00:00 GMT there is a distribution of new coins to all qualifying votes at a rate of 1% per year. Unless you have a huge number of Lumens the easiest way to benefit is through an inflation pool like lumenaut. In this video I show you how to receive inflation payouts by setting the inflation destination in your desktop wallet.

Official Site: https://www.stellar.org
Lumenaut Pool: https://pool.lumenaut.net/
Foxlet Wallet: https://wallet.stellar.chat/

#stellar #lumens #inflation #crypto #staking

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