Where and how to stake Solarflare (FLARE)

Introduction

Staking Solarflare can be a great option for those who wish to hold FLARE while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Solarflare (FLARE) Tokens

   To stake Solarflare, you need to have it. To obtain Solarflare, you'll need to buy it. You can choose from these popular exchanges.

2. 2. Select 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. 3. Delegate Your FLARE

   We suggest using a staking pool for staking FLARE. It's easier and quicker to get started. A staking pool is a collection of validators who combine their FLARE, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have 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.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.