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How to Stake Sommelier (SOMM) on Ankr

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

Current APY

4.0%

Price

$0.0004

Platform Fee

2%

Platform Type

liquid

Start Staking SOMM on Ankr

Ankr gives you full control of your assets.

Stake SOMM on Ankr →

Step-by-Step: Stake SOMM on Ankr

1

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Sommelier's network.

2

Acquire SOMM

Buy SOMM from an exchange and transfer it to your wallet, or swap for it using a DEX.

3

Visit Ankr

Go to Ankr's staking interface and connect your wallet.

4

Stake and receive liquid tokens

Enter your SOMM amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.

5

Use your LST in DeFi (optional)

Your liquid staking token can be used across DeFi — lend it, provide liquidity, or hold it to earn staking rewards passively.

Ankr for SOMM Staking: Pros & Cons

Pros

  • + Very low 2% fee — one of the cheapest liquid staking options
  • + 10+ supported chains
  • + Long track record since 2017
  • + ANKR token staking for additional rewards

Cons

  • - Lower TVL and liquidity vs Lido
  • - ankrTokens have fewer DeFi integrations
  • - Some chains have limited validator diversity

FAQ: SOMM Staking on Ankr

What APY can I earn staking SOMM on Ankr?
The current estimated APY for SOMM staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and Ankr's fee structure (2% of staking rewards).
Is staking SOMM on Ankr safe?
Ankr is a non-custodial protocol with a high risk profile for SOMM 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 SOMM from Ankr?
Unstaking times depend on the network: Flexible. During the unstaking period, your SOMM won't earn rewards.
What fees does Ankr charge for SOMM staking?
Ankr charges 2% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake SOMM on other platforms?
Yes! You can compare all available platforms for SOMM staking on our How to Stake Sommelier guide. Different platforms offer different APY rates, fees, and custody models.