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How to Stake GMX (GMX) on Phantom

Phantom may not directly support GMX staking, but you can still use Phantom to buy GMX and transfer it for staking.

Current APY

14.0%

Price

$5.73

Platform Fee

No

Platform Type

wallet

Start Staking GMX on Phantom

Phantom gives you full control of your assets.

Stake GMX on Phantom →

Step-by-Step: Stake GMX on Phantom

1

Install Phantom

Download and install Phantom from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

2

Fund the wallet with GMX

Buy GMX on an exchange (Coinbase, Kraken, Binance) and withdraw to your Phantom address. Double-check the network before sending.

3

Open the staking section

In Phantom, navigate to the staking or earn tab for GMX. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

4

Delegate and confirm

Enter the amount of GMX to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

Phantom for GMX Staking: Pros & Cons

Pros

  • + Cleanest Solana staking UX on the market
  • + Built-in validator picker with APY, commission, and skip-rate data
  • + 5M+ users — battle-tested and well-maintained
  • + Hardware-wallet support (Ledger), Face ID on mobile

Cons

  • - Native staking is SOL-only (other chains use third-party LSTs)
  • - 2–3 day unstake delay through epoch boundary
  • - Browser extension — phishing risk if you sign blind

FAQ: GMX Staking on Phantom

What APY can I earn staking GMX on Phantom?
The current estimated APY for GMX staking is around 14.0%. Actual rates vary based on network conditions, validator performance, and Phantom's fee structure (No platform fee — validator commission (5–10%)).
Is staking GMX on Phantom safe?
Phantom is a non-custodial protocol with a medium risk profile for GMX staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake GMX from Phantom?
Unstaking times depend on the network: Until end of next epoch (~2–3 days). During the unstaking period, your GMX won't earn rewards.
What fees does Phantom charge for GMX staking?
Phantom charges No platform fee — validator commission (5–10%). These fees are typically deducted from your staking rewards automatically.
Can I stake GMX on other platforms?
Yes! You can compare all available platforms for GMX staking on our How to Stake GMX guide. Different platforms offer different APY rates, fees, and custody models.