The ultimate Monad Staking Guide
What is Monad?
Monad is a high-performance Layer 1 blockchain protocol that offers full Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy existing Ethereum smart contracts and use familiar tools without modifications. It stands out for its optimistic parallel execution and innovative consensus (MonadBFT), enabling up to 10,000 transactions per second, near instant finality (Expect faster block times (0.4–0.5s) and 800ms finality), low gas fees, and low hardware requirements, aiming to combine scalability, decentralisation, and developer accessibility
Read more from our Monad (MON) series:
Benefits of staking MON?
- Secure the network by locking your tokens, making it harder and more expensive for a malicious actor to take majority control.
- Be eligible to participate in governance, allowing you (or your validator) to shape the future of the ecosystem.
- Earn staking rewards to combat token dilution from inflation.
Why stake your assets with Simply Staking?
- Trusted by the largest ecosystem projects building on Monad
- Fully Bare-Metal Infrastructure with 99.99% Uptime
- Early Contributors to the Ecosystem
- SOC2 Compliant Infrastructure
- Non-Custodial Validator
How to Stake MON?
For this guide, we are using monadvision for all of our swapping and staking.
Step 1: Head to https://monadvision.com/myspace?feature=Stake and Connect your Wallet
Since Monad is EVM Compatible, there are many wallets one can use, including Metamask and Phantom 👀
Step 2: Select your preferred Validator by clicking the arrows symbol
This will bring up a list of all the validators currently on Monad. Simply Staking is one of the genesis validators. We are a SOC-2 compliant validator who operates using self-hosted Infrastructure meaning that we are cloud-independent and can guarantee optimal performance and uptime – we also have never had any slashing or jailing incidents. Stake comfortable with Simply Staking.
Step 3: Select the amount to Stake and hit the button
Make sure to have enough to cover gas fees and then click Confirm on your wallet pop-up
Step 4: Relax and watch your portfolio grow
How much can I earn by Staking?
This information is not available yet. Once the network settles, we will provide accurate data.
DISCLAIMER: The information provided in our research and content is for informational purposes only and should not be considered as financial or investment advice. Any decision to invest or engage in financial activities is solely your responsibility. We do not endorse or recommend any specific investment strategy, and individuals should conduct their research and seek professional advice before making any investment decisions. We are not liable for any financial loss, damage, or inconvenience resulting from the use of our content for investment purposes. Always be aware of the risks associated with financial markets, and carefully consider your financial situation and risk tolerance before making any investment choices.
