When a user “stakes” tokens, it means they time-lock their tokens to gain rights, perform services, and access rewards on the network. As a LOOM holder, you can help secure Basechain by staking your tokens with a validator.
To stake LOOM token on Basechain, please follow these steps:
- Step 1. Go to "Home page" > tap "More" > "DApps" > Basechain
- Step 2. Select a wallet (such as Metamask).
- Step 3. Deposit LOOM tokens from Infinito wallet to Basechain.
- Step 4. Click Stake Tokens button to select validators to stake with.