How to Stake MANTRA (OM): A Step-by-Step Guide

Introduction

Staking MANTRA can be a great option for those who want to hold OM 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 MANTRA (OM) Tokens
In order to stake MANTRA, you need to have it. To obtain MANTRA, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
YouHodler MANTRA (OM) 0.51
Kraken MANTRA (OM) 0.52
OKX MANTRA (OM) 6.89
Binance MANTRA (OM) 0.52
BTSE MANTRA (OM) 0.52
Bitget MANTRA (OM) 6.24
See all 42 prices
2. Choose a MANTRA Wallet
Once you have OM, you'll need to choose a MANTRA wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance MANTRA (OM) Up to 5.5 APY
BTSE MANTRA (OM) Up to 10.32 APY
See all 6 staking rewards
3. Delegate Your OM
We recommend using a staking pool when staking OM. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OM, 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 MANTRA network. You'll be rewarded with OM for these validations.

Platform	Coin	Price
YouHodler	MANTRA (OM)	0.51
Kraken	MANTRA (OM)	0.52
OKX	MANTRA (OM)	6.89
Binance	MANTRA (OM)	0.52
BTSE	MANTRA (OM)	0.52
Bitget	MANTRA (OM)	6.24

Platform	Coin	Staking rewards
Binance	MANTRA (OM)	Up to 5.5 APY
BTSE	MANTRA (OM)	Up to 10.32 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

MANTRA (OM) is currently priced at 0 with a 24-hour trading volume of $99.78M. The market cap of MANTRA stands at $3.78B, with 959.78M OM in circulation. For those looking to buy or trade MANTRA, Binance offers avenues to do so securely and efficiently}

Market cap: $3.78B
24h volume: $99.78M
Circulating supply: 959.78M OM

See latest information

Frequently Asked Questions About Staking MANTRA (OM)

What are the staking rewards for MANTRA (OM), and how can I participate?: The staking rewards for MANTRA (OM) vary, with the best rate currently available at [object Object]% on Binance. To participate, you need to hold OM tokens and stake them through a compatible platform. Staking allows you to earn rewards over time, contributing to the network's security and efficiency. Be sure to regularly check Bitcompare for real-time updates on staking rates and the latest MANTRA news to stay informed about changes and opportunities in the staking landscape.
How do I calculate my potential earnings from staking MANTRA (OM)?: To calculate potential earnings from staking MANTRA (OM), first determine the amount of OM tokens you plan to stake and the staking reward rate, which is currently best at [object Object]% on Binance. Use the formula: (Amount Staked x Reward Rate) ÷ 100. Keep in mind that rewards may vary based on network performance and the duration of your stake. Regularly monitor Bitcompare for updates on rates and market sentiment to make informed decisions about your staking strategy.
What are the risks associated with staking MANTRA (OM)?: Staking MANTRA (OM) carries certain risks, including market volatility, which can affect the value of your staked tokens. Additionally, there may be lock-up periods during which you cannot access your funds. Network issues or changes in staking protocols can also impact rewards. It is essential to stay informed about these factors by checking Bitcompare for the latest MANTRA news and market sentiment analysis to make well-informed decisions regarding your staking activities.
How often are staking rewards distributed for MANTRA (OM)?: Staking rewards for MANTRA (OM) are typically distributed at regular intervals, which can vary depending on the platform you use for staking. Common distribution frequencies include daily, weekly, or monthly payouts. To maximize your earnings, it is important to check the specific terms of the platform you choose, such as Binance, where the best staking rate is currently offered at [object Object]%. Regularly monitor Bitcompare for updates on staking practices and to stay informed about your rewards.
Can I unstake my MANTRA (OM) tokens at any time?: The ability to unstake your MANTRA (OM) tokens depends on the specific staking platform you are using. Many platforms, including Binance, where the best staking rate is currently [object Object]%, may impose a lock-up period during which you cannot withdraw your staked tokens. After this period, you can typically unstake your tokens, but be aware of any fees or penalties that may apply. To stay updated on staking terms and conditions, regularly check Bitcompare for the latest information and MANTRA news.