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, You can refer below steps: Step 1. Open Infinito wallet , go to Browser tab and open 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.