How to Stake Sifchain (EROWAN)

Introduction

Staking Sifchain can be an excellent choice for those looking to hold EROWAN 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 Sifchain (EROWAN) Tokens

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

2. 2. Select a Sifchain Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Stakewolle	Sifchain (EROWAN)	Up to 62,93% APY

3. 3. Delegate Your EROWAN

   We recommend using a staking pool when staking EROWAN. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their EROWAN, 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 Sifchain network. For these validations, you'll receive rewards in EROWAN.

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.