How to Stake Carbon Protocol (SWTH) in Australia

Introduction

Staking Carbon Protocol can be a great option for those who want to hold SWTH while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Carbon Protocol (SWTH) Tokens

   To stake Carbon Protocol, you need to own it. To obtain Carbon Protocol, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Gate.io	Carbon Protocol (SWTH)	0.0009
   MEXC Global	Carbon Protocol (SWTH)	0

   See all 4 prices

2. 2. Choose a Carbon Protocol Wallet

   Once you have SWTH, you'll need to choose a Carbon Protocol wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   MyCointainer	Carbon Protocol (SWTH)	Up to 6.05% % p.a.

3. 3. Delegate Your SWTH

   We recommend using a staking pool when staking SWTH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SWTH, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Carbon Protocol network. You'll be rewarded with SWTH for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.