How to Stake MANTRA (OM)

Introduction

Staking MANTRA can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire MANTRA (OM) Tokens

   To stake MANTRA, you first need to acquire it. To obtain MANTRA, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   PrimeXBT	MANTRA (OM)	0,07 APY
   YouHodler	MANTRA (OM)	0,07 APY
   Binance	MANTRA (OM)	0,07 APY
   BTSE	MANTRA (OM)	0,16 APY
   Kraken	MANTRA (OM)	0,07 APY
   OKX	MANTRA (OM)	6,89 APY

   View all 44 prices

2. 2. Select a MANTRA Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	MANTRA (OM)	Up to 10 % APY

   Discover all 6 staking rewards available

3. 3. Delegate Your OM

   We recommend using a staking pool when staking OM. It's simpler and faster to get started. A staking pool is a collective of validators who pool their OM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.