How to Stake MANTRA (OM) in Australia

Introduction

Staking MANTRA can be a great option for those who want to hold OM 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 MANTRA (OM) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	MANTRA (OM)	0.08
   YouHodler	MANTRA (OM)	0.08
   Binance	MANTRA (OM)	0.08
   BTSE	MANTRA (OM)	0.16
   Kraken	MANTRA (OM)	0.08
   OKX	MANTRA (OM)	6.89

   See all 44 prices

2. 2. Choose a MANTRA Wallet

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

   Platform	Coin	Staking returns
   Binance	MANTRA (OM)	Up to 10% p.a.

   View all 6 staking rewards

3. 3. Delegate Your OM

   We recommend using a staking pool when staking OM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their OM, 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 MANTRA network. You'll be rewarded with OM 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.