How to Stake Self Chain (SLF)

Introduction

Staking Self Chain can be an excellent choice for those looking to hold SLF while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Self Chain (SLF) Tokens

   To stake Self Chain, you must first acquire it. To obtain Self Chain, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Binance	Self Chain (SLF)	0,02 APY
   BTSE	Self Chain (SLF)	0,08 APY
   BingX	Self Chain (SLF)	0,06 APY
   Bitget	Self Chain (SLF)	0,05 APY
   Bitmart	Self Chain (SLF)	0,000765 APY
   Bitpanda	Self Chain (SLF)	0,47 APY

   Check out all 27 prices

2. 2. Select a Self Chain Wallet

   Once you have SLF, you'll need to select a Self Chain wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Self Chain (SLF)	Up to 18,9% APY

3. 3. Delegate Your SLF

   We recommend using a staking pool when staking SLF. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their SLF, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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 Self Chain network. For these validations, you'll receive rewards in SLF.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.