How to Stake Solarflare (FLARE)

Introduction

Staking Solarflare can be an excellent choice for those looking to hold FLARE 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 Solarflare (FLARE) Tokens

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

2. 2. Select a Solarflare Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Atomic Wallet	Solarflare (FLARE)	Up to 4.2% APY

3. 3. Delegate Your FLARE

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

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.