How to Stake Sonic (prev. FTM) (S) for optimal returns

Introduction

Staking Sonic (prev. FTM) can be an excellent choice for those looking to hold S 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 Sonic (prev. FTM) (S) Tokens

   To stake Sonic (prev. FTM), you first need to acquire it. To obtain Sonic (prev. FTM), 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	Sonic (prev. FTM) (S)	0.08 APY
   PrimeXBT	Sonic (prev. FTM) (S)	0.08 APY
   YouHodler	Sonic (prev. FTM) (S)	0.08 APY
   Binance	Sonic (prev. FTM) (S)	0.08 APY
   Coinbase	Sonic (prev. FTM) (S)	0.08 APY
   Kraken	Sonic (prev. FTM) (S)	0.08 APY

   Check out all 41 prices

2. 2. Select a Sonic (prev. FTM) Wallet

   Once you have S, you'll need to select a Sonic (prev. FTM) wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Binance	Sonic (prev. FTM) (S)	Up to 3.5% APY

   Check out all 5 staking rewards available.

3. 3. Delegate Your S in South Korea

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

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.