How to Stake Mantle (MNT): A Comprehensive Guide for Australians

Introduction

Staking Mantle can be a great option for those who want to hold MNT 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. Obtain Mantle (MNT) Tokens
To stake Mantle, you need to own it. To obtain Mantle, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
YouHodler Mantle (MNT) 1.17
Coinbase Mantle (MNT) 1.17
Kraken Mantle (MNT) 1.17
Uphold Mantle (MNT) 0.68
Bake Mantle (MNT) 1.17
BingX Mantle (MNT) 1.17
See all 27 prices
2. Choose a Mantle Wallet
Once you have MNT, you'll need to choose a Mantle wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
YouHodler Mantle (MNT) Up to 15% % p.a.
3. Delegate Your MNT
We recommend using a staking pool when staking MNT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their MNT, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Mantle network. You'll be rewarded with MNT for these validations.

Platform	Coin	Cost
YouHodler	Mantle (MNT)	1.17
Coinbase	Mantle (MNT)	1.17
Kraken	Mantle (MNT)	1.17
Uphold	Mantle (MNT)	0.68
Bake	Mantle (MNT)	1.17
BingX	Mantle (MNT)	1.17

Platform	Coin	Staking returns
YouHodler	Mantle (MNT)	Up to 15% % p.a.

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.

Latest Movements

missing en-au translation: common.latest-movements-copy

Market capitalisation: USD 3.91B
24-hour volume: USD 167.42M
Circulating supply: 3.36B MNT

See the latest information

Frequently Asked Questions About Staking Mantle (MNT)

What are the staking rewards for Mantle (MNT)?: Mantle (MNT) currently offers staking rewards with an average rate of 15%. This rate may vary depending on the platform you choose to stake your MNT tokens. Users can find competitive staking options on various platforms, such as YouHodler, which provides attractive rewards. Staking allows holders to earn passive income while contributing to the network's security and operations. For the latest updates and detailed information, be sure to check Mantle's official resources regularly.
How can I participate in staking Mantle (MNT)?: To participate in staking Mantle (MNT), you need to acquire MNT tokens through a cryptocurrency exchange. Once you have your tokens, select a staking platform that supports MNT, such as YouHodler. Follow the platform's instructions to deposit your MNT tokens and choose your staking plan. After staking, you will begin earning rewards based on an average rate of 15%. Always ensure that you review the terms and conditions of the staking platform before committing your tokens.
Are there any risks associated with staking Mantle (MNT)?: Yes, staking Mantle (MNT) carries certain risks. While staking can yield rewards, it also exposes your assets to potential market volatility and platform security issues. If the value of MNT decreases, your overall investment may be affected. Additionally, some platforms may have lock-up periods during which you cannot access your staked tokens. It is essential to conduct thorough research on the staking platform you choose and to stay informed about market conditions related to Mantle to mitigate these risks.
How frequently are staking rewards distributed for Mantle (MNT)?: Staking rewards for Mantle (MNT) are typically distributed at regular intervals, which can vary depending on the staking platform you choose. Most platforms offer rewards on a weekly or monthly basis. For instance, services like YouHodler may have specific payout schedules outlined in their terms. It is important to review the staking conditions of your chosen platform to understand the frequency of reward distribution and how it aligns with your staking strategy and expectations.
Can I withdraw my staked Mantle (MNT) tokens at any time?: The ability to withdraw staked Mantle (MNT) tokens depends on the specific staking platform used. Some platforms allow for immediate withdrawal, while others may impose lock-up periods during which your tokens cannot be accessed. For example, YouHodler may have specific terms regarding withdrawal timelines. It is crucial to carefully review the withdrawal policies of your chosen platform before staking to ensure they align with your liquidity needs and investment strategy.