How to Stake MANTRA (OM) for better returns

Introduction

Staking MANTRA can be an excellent choice for individuals looking to hold OM while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire MANTRA (OM) Tokens

   To stake MANTRA, you first need to acquire it. To obtain MANTRA, you can purchase it from these well-known exchanges.

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

   View all 44 prices

2. 2. Select a MANTRA Wallet for Your Needs

   Once you have OM, you'll need to select a MANTRA wallet to securely store your tokens. Here are some excellent options to consider.

   Platform	Coin	Staking returns
   Binance	MANTRA (OM)	Up to 10% APY

   View all 6 staking rewards available

3. 3. Delegate Your OM for Enhanced Returns

   We recommend utilizing a staking pool when staking OM. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their OM, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the MANTRA network. For these validations, you will be rewarded with OM.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.