How to Stake Self Chain (SLF)

Introduction

Staking Self Chain can be an excellent choice for those looking to hold SLF 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 Self Chain (SLF) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Self Chain (SLF)	0,02 APY
   BTSE	Self Chain (SLF)	0,08 APY
   BingX	Self Chain (SLF)	0,06 APY
   Bitget	Self Chain (SLF)	0,05 APY
   Bitmart	Self Chain (SLF)	0,000765 APY
   Bitpanda	Self Chain (SLF)	0,47 APY

   View all 27 prices

2. 2. Select a Self Chain Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	Self Chain (SLF)	Up to 18,9 % APY

3. 3. Delegate Your SLF

   We recommend using a staking pool when staking SLF. It's simpler and faster to get started. A staking pool is a collective of validators who pool their SLF, 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 Self Chain network. For these validations, you will be rewarded with SLF.

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.