How to Stake GLMR (Moonbeam) for Rewards

Moonbeam is a parachain specifically designed for developers and aims to maintain compatibility with the Ethereum developer toolset and network. This is achieved by offering a complete implementation of the Ethereum Virtual Machine (EVM), a Web3 API that is compatible, and connections that link Moonbeam to existing Ethereum networks.

The Moonbeam blockchain has GLMR as its official token, which can be easily staked.

The goal of Moonbeam is to make it seamless for developers to build decentralized applications (dApps) on the Moonbeam network while leveraging their existing knowledge and tools from the Ethereum ecosystem. By offering a familiar development environment and bridging to Ethereum networks, Moonbeam makes it easy for developers to expand their reach and tap into new opportunities.

Furthermore, the ease of staking GLMR tokens makes it attractive for users to participate in the network’s security and growth. Overall, Moonbeam’s focus on developer experience and compatibility with the Ethereum ecosystem make it a promising player in the decentralized technology space.

By mastering the proper technique for staking your GLMR, you can potentially increase your profits by 100%. This article outlines all the crucial information you need to understand about staking Glimmer. Instead of taking a shot in the dark and hoping for luck, take the time to learn and reap the benefits.

How to Stake GLMR

What Are the Steps to Choose a Moonbeam Collator for Staking Purposes?

The annual percentage return (APR) for Moonriver collators can range from 6% to 30%. Opting for a collator with a higher APR can result in up to 5 times the rewards. Moonbeam operates using similar staking mechanisms, so the APR for GLMR collators will likely vary.

The APR for Moonbeam collators is determined by two factors:

  1. The lower the total backing for a collator, the higher its rewards.
  2. The more blocks a collator authors per round, the higher its rewards.

You can compare collators based on their total backing and blocks per round by visiting

It is important to remember that in the early weeks following the launch of Moonbeam on January 11th, the numbers related to collators are likely to fluctuate from day to day. As a result, a collator that appears to be a good option today may not appear as favourable tomorrow.

My recommendation is to choose a collator that you have confidence in and revisit after two months have passed since the Take Flight rewards have been distributed. By that point, you will be in a better position to make an informed decision.

StakeBaby, the company I am associated with, runs collators in both Moonbeam and Moonriver and has a track record of zero downtime, producing higher-than-average blocks per round. Our collators are equipped with multiple backups and custom failover automation on AWS, and we also offer our expertise to other collators.

What is the APY or APR of Glimmer?

The estimated APR for GLMR is probably around 20%, which is slightly lower compared to the APR of MOVR. This is due to the longer time required to un-bond and the lower delegation minimum in Moonbeam, which is expected to attract more staked funds in the long run, resulting in a lower APR.

You can check the current APR for GLMR by visiting and looking at the top right corner of the page.

The amount of APR you receive will depend on the collator or collators you select.

Is it Possible to Stake with More than One Moonbeam Collator?

It is possible to distribute your stake among multiple collators if each delegation meets the minimum requirements. Splitting your stake in this way can be beneficial if you have a significant amount to stake, as it reduces the risk of putting all your eggs in one basket.

Suppose you have a substantial amount to stake (above 50,000). In that case, it is highly recommended to spread your delegation across multiple collators to minimize the risk of having to revoke your stake and potentially putting the collator in danger.

Staking with multiple collators can also provide a level of diversification and increase the chances of earning higher rewards. However, it’s important to consider the fees associated with delegating to multiple collators and weigh the potential benefits against the costs.

Staking with multiple collators can be a smart strategy for maximizing your rewards and reducing the risk associated with staking a large number of tokens.

What is the Duration Required to Unstake GLMR?

It is possible to withdraw your GLMR at any point in time. However, your funds will take seven days to become eligible for transfer. Please be advised that due to a relay chain issue, the unstaking process is taking longer than the typical 7-day period.

To unstake your tokens, go to the Moonbeam app and either click on the (-) button next to the collator to reduce your bond or click on the (x) button to cancel your delegation entirely.

If you choose to unstake your tokens from a collator, the remaining staked amount must be at least 50 GLMR. If not, you must unstake the full amount by cancelling the delegation to that collator.

It’s important to note that while your tokens are in the process of unstaking, they will continue to accrue rewards. Additionally, you can cancel the unstaking process at any time during the 7-day period without facing a penalty. However, this policy is subject to change in the future.

About Author

How to Stake GLMR
Christopher Ihezie
Christopher is a highly skilled writer who possesses a deep understanding of the interplay between financial markets and technology. His goal in writing is to deliver expert analysis through written content that is easy for readers to comprehend.

With a keen interest in cryptocurrencies and the blockchain industry, he has been among the earliest contributors to the Coin Decimal Crypto Blog.

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