How to Stake Osmosis (OSMO) for optimal returns

Introduction

Staking Osmosis can be an excellent choice for those looking to hold OSMO 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 Osmosis (OSMO) Tokens

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

   플랫폼	코인	Price
   Nexo	Osmosis (OSMO)	0.18 APY
   Binance	Osmosis (OSMO)	0.18 APY
   Coinbase	Osmosis (OSMO)	0.18 APY
   Kraken	Osmosis (OSMO)	0.18 APY
   Bake	Osmosis (OSMO)	0.18 APY
   BingX	Osmosis (OSMO)	0.18 APY

   Check out all 38 prices

2. 2. Select a Osmosis Wallet

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

   플랫폼	코인	Staking 보상
   Atomic Wallet	Osmosis (OSMO)	Up to 22% APY
   Binance	Osmosis (OSMO)	Up to 2.5% APY
   Bitget	Osmosis (OSMO)	Up to 8% APY

   Check out all 22 staking rewards available.

3. 3. Delegate Your OSMO in South Korea

   We recommend using a staking pool when staking OSMO. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their OSMO, 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 Osmosis network. For these validations, you will be rewarded with OSMO.

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.