How to Stake Solarflare (FLARE)

Introduction

Staking Solarflare can be an excellent choice for those looking to hold FLARE 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 Solarflare (FLARE) Tokens

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

2. 2. Select a Solarflare Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Atomic Wallet	Solarflare (FLARE)	Up to 4,2 % APY

3. 3. Delegate Your FLARE

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

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.