Summary: This article provides a step-by-step guide on how to nominate directly on Cere, including the requirements and the process to stake CERE tokens. It also highlights the importance of understanding the terms and conditions when staking through custodial services.
Thank you for considering staking your CERE and nominating to help secure the Cere network. Nominated Proof of Stake (NPoS) success relies on well-informed nominators. To directly submit your intent to stake on Cere, you should follow these steps:
Bond and nominate your CERE to validators who are accepting nominations (you can choose up to 16).
Important Note: To earn rewards, you'll also need to be above the dynamic nomination minimum, which you can find on the Targets page.
You will earn rewards when your stake is applied to one or multiple validators that enter the active set through NPoS election, which comes into effect in the next era. See our Cere Staking Quickstart Guide to learn how to securely stake your tokens using Cere Staking Dashboard.
If you choose to stake through custodial services like central exchanges, the steps will differ from the above. By staking through the custodial services, you place your trust in them to act in the best interests of you and the network. Make sure you thoroughly read the terms and conditions to understand the risks associated with the respective custodial staking service. (Not your keys, not your tokens!)
By following these steps, you can successfully nominate and stake your CERE on the Cere network.