How to Stake Solarflare (FLARE): A Step-by-Step Guide

Introduction

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

Step-by-Step Guide

1. Obtain Solarflare (FLARE) Tokens
In order 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. Choose 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 Coin Staking rewards
Atomic Wallet Solarflare (FLARE) Up to 4,2% APY
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. 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.

Platform	Coin	Staking rewards
Atomic Wallet	Solarflare (FLARE)	Up to 4,2% APY

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.

Latest Movements

Solarflare (FLARE) is currently priced at US$4.2 with a 24-hour trading volume of US$2,104.38. For those looking to buy or trade Solarflare, Atomic Wallet offers avenues to do so securely and efficiently