How to Stake Solarflare (FLARE) in Australia

Introduction

Staking Solarflare can be a great option for those who want to hold FLARE 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 Solarflare (FLARE) Tokens

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

2. 2. Choose a Solarflare Wallet

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

   Platform	Coin	Staking returns
   Atomic Wallet	Solarflare (FLARE)	Up to 4.2% % p.a.

3. 3. Delegate Your FLARE

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