Introduction
Staking Rose Finance can be an excellent option for those who wish to hold ROSE while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Rose Finance (ROSE) Tokens
To stake Rose Finance, you need to possess it. To obtain Rose Finance, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Rose Finance Wallet
Once you have ROSE, you'll need to choose a Rose Finance wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards Kucoin Rose Finance (ROSE) Up to 3% AER 3. Delegate Your ROSE
We recommend using a staking pool when staking ROSE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ROSE, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
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 Rose Finance network. You will be rewarded with ROSE for these validations.
What to Be Aware Of
There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
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