How to Stake MANTRA (OM) for optimal returns

Introduction

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

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire MANTRA (OM) Tokens

   To stake MANTRA, you first need to acquire it. To obtain MANTRA, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   PrimeXBT	MANTRA (OM)	0.08 APY
   YouHodler	MANTRA (OM)	0.08 APY
   Binance	MANTRA (OM)	0.08 APY
   BTSE	MANTRA (OM)	0.16 APY
   Kraken	MANTRA (OM)	0.08 APY
   OKX	MANTRA (OM)	6.89 APY

   Check out all 44 prices

2. 2. Select a MANTRA Wallet

   Once you have OM, you'll need to select a MANTRA wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Binance	MANTRA (OM)	Up to 10% APY

   Check out all 6 staking rewards available.

3. 3. Delegate Your OM in South Korea

   We recommend using a staking pool when staking OM. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their OM, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the MANTRA network. For these validations, you will be rewarded with OM.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.