How to Stake Self Chain (SLF): A Comprehensive Guide for Australians

Introduction

Staking Self Chain can be a great option for those who want to hold SLF 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 Self Chain (SLF) Tokens
To stake Self Chain, you need to own it. To obtain Self Chain, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Binance Self Chain (SLF) 0.02
BTSE Self Chain (SLF) 0.08
BingX Self Chain (SLF) 0.06
Bitget Self Chain (SLF) 0.05
Bitmart Self Chain (SLF) 0.000765
Bitpanda Self Chain (SLF) 0.47
See all 27 prices
2. Choose a Self Chain Wallet
Once you have SLF, you'll need to choose a Self Chain wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Binance Self Chain (SLF) Up to 18.9% % p.a.
3. Delegate Your SLF
We recommend using a staking pool when staking SLF. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SLF, 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 Self Chain network. You'll be rewarded with SLF for these validations.

Platform	Coin	Cost
Binance	Self Chain (SLF)	0.02
BTSE	Self Chain (SLF)	0.08
BingX	Self Chain (SLF)	0.06
Bitget	Self Chain (SLF)	0.05
Bitmart	Self Chain (SLF)	0.000765
Bitpanda	Self Chain (SLF)	0.47

Platform	Coin	Staking returns
Binance	Self Chain (SLF)	Up to 18.9% % 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.