How to Stake MANTRA (OM): A Step-by-Step Guide

Introduction

Staking MANTRA can be a great option for those who want to hold OM but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain MANTRA (OM) Tokens
In order to stake MANTRA, you need to have it. To obtain MANTRA, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
OKX MANTRA (OM) 5.89
YouHodler MANTRA (OM) 5.9
Binance MANTRA (OM) 5.9
BTSE MANTRA (OM) 5.89
Bitget MANTRA (OM) 5.89
Kucoin MANTRA (OM) 5.9
See all 37 prices
2. Choose a MANTRA Wallet
Once you have OM, you’ll need to choose a MANTRA wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance MANTRA (OM) Up to 19.9 APY
BTSE MANTRA (OM) Up to 10.32 APY
See all 6 staking rewards
3. Delegate Your OM
We recommend using a staking pool when staking OM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the MANTRA network. You’ll be rewarded with OM for these validations.

Platform	Coin	Price
OKX	MANTRA (OM)	5.89
YouHodler	MANTRA (OM)	5.9
Binance	MANTRA (OM)	5.9
BTSE	MANTRA (OM)	5.89
Bitget	MANTRA (OM)	5.89
Kucoin	MANTRA (OM)	5.9

Platform	Coin	Staking rewards
Binance	MANTRA (OM)	Up to 19.9 APY
BTSE	MANTRA (OM)	Up to 10.32 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

MANTRA (OM) is currently priced at $10.32 with a 24-hour trading volume of $99.78M. The market cap of MANTRA stands at $3.78B, with 959.78M OM in circulation. For those looking to buy or trade MANTRA, Binance offers avenues to do so securely and efficiently}

Market cap: $3.78B
24h volume: $99.78M
Circulating supply: 959.78M OM

See latest information

Frequently Asked Questions About Staking MANTRA (OM)

What is MANTRA (OM) staking?: MANTRA staking involves locking your MANTRA tokens to earn rewards. Rewards can vary based on network activity and your stake size. Stay informed by using Bitcompare's tools for real-time comparisons and alerts to make well-informed decisions.
How are MANTRA staking rewards calculated?: Rewards depend on factors like total staked tokens and network performance. Bitcompare offers tools like sentiment analysis and the latest news on MANTRA, which can help monitor these factors and inform your staking strategy.
When will I receive MANTRA staking rewards?: Rewards are typically distributed periodically. Exact timings may vary. To stay ahead, use Bitcompare's email alerts and bookmark their toolset for ongoing updates on MANTRA events and pricing changes.
What are the risks of staking MANTRA?: Staking risks include token volatility and platform risks. Keep updated with Bitcompare, which delivers real-time price comparisons and sentiment analysis. Regular updates promote better understanding and decision-making.
Can I unstake my MANTRA tokens anytime?: Unstaking policies can vary by platform. Checking Bitcompare frequently ensures you're informed about any policy changes, as well as real-time pricing and the latest MANTRA news events, helping manage your strategy.
What fees are associated with MANTRA staking?: Fees may vary between staking platforms. Use Bitcompare for trusted information about the rates and fees on leading exchanges. Regularly check their comprehensive data to make informed choices without surprises.
Is staking MANTRA safe?: While generally safe, staking includes certain risks. Utilize Bitcompare's resources like sentiment analysis and updates on security measures across platforms to stay aware and make prudent decisions about staking.