Where and How to Stake Solarflare (FLARE)

Introduction

Staking Solarflare can be a great choice for those who want to hold FLARE but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Solarflare (FLARE) Tokens

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

2. 2. Select a Solarflare Wallet

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

   Platform	Loonies	Staking rewards
   Atomic Wallet	Solarflare (FLARE)	Up to 4.2 annual percentage yield

3. 3. Delegate Your FLARE

   We recommend using a staking pool when staking FLARE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FLARE, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   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 you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.