Basic Tips on How to Stake GRT

For those unfamiliar, The Graph (GRT) is an Ethereum currency that drives The Graph, a decentralized protocol for indexing and querying data from blockchains. The Graph indexes blockchain data from networks like Ethereum and Filecoin in the same way Google indexes the web.

The goal of the Graph protocol is to organize decentralized blockchain data. Indexing will assist users in obtaining detailed information from various blockchain networks such as Ethereum and IPFS.

The Graph reached its highest price on Feb 12, 2021, when it was trading at its all-time high of $ 2.87. The lowest price since its ATH was $ 0.085670 (cycle low). The highest GRT price since the last cycle low was $ 0.157485 (cycle high). The Graph price prediction sentiment is currently neutral.

How to Stake GRT

There are primarily two stages that a user needs to stake Graph (GRT) tokens: – Transfer GRT to MetaMask. – In MetaMask, stake the token.

Withdraw GRT to Wallet

If you have some GRT tokens in your exchange account, you need to move it to your MetaMask wallet, as previously stated. To send the GRT token in your MetaMask wallet, you must obtain the public address. Log in to your exchange account and choose the GRT token to withdraw.  Enter your receiving address in the Recipient address section and complete the transaction.

Using the Graph Staking UI to Stake GRT

– In order to stake, you need to go to the Network Beta dApp. Users can connect to the dApp via MetaMask or WalletConnect.  – Connect with the wallet of your choice, i.e., MetaMask.  – The wallet is linked, as shown in the screenshot below. It displays the GRT tokens that are currently in the wallet. – Finally, enter the preferred amount of GRT tokens and stake.

Unstaking GRT

Users have the option to unstake their tokens at any moment. The platform includes a 28-day bonding phase. Your unstaked tokens will be freed, and you can use them for transfer or other purposes. Please keep in mind that we will not be able to earn any awards during the cooling time.

Can I earn money through GRT staking?

GRTs earn 2.5% APY. Learn to stake GRT using a wallet on The Graph. The Graph blockchain's native token, GRT, may be acquired by lending, staking, and yield farming.