How to Stake Sonic (prev. FTM) (S): A Step-by-Step Guide

Introduction

Staking Sonic (prev. FTM) can be a great option for those who want to hold S but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Sonic (prev. FTM) (S) Tokens

In order to stake Sonic (prev. FTM), you need to have it. To obtain Sonic (prev. FTM), you'll need to purchase it. You can choose from these popular exchanges.

Platform	Coin	Price
Nexo	Sonic (prev. FTM) (S)	0.09
PrimeXBT	Sonic (prev. FTM) (S)	0.08
YouHodler	Sonic (prev. FTM) (S)	0.08
Binance	Sonic (prev. FTM) (S)	0.08
Coinbase	Sonic (prev. FTM) (S)	0.08
Kraken	Sonic (prev. FTM) (S)	0.08

See all 41 prices

2. Choose a Sonic (prev. FTM) Wallet
Once you have S, you’ll need to choose a Sonic (prev. FTM) wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance Sonic (prev. FTM) (S) Up to 3.5% APY
See all 5 staking rewards
3. Delegate Your S
We recommend using a staking pool when staking S. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their S, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 Sonic (prev. FTM) network. You’ll be rewarded with S for these validations.

Platform	Coin	Staking rewards
Binance	Sonic (prev. FTM) (S)	Up to 3.5% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

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Market cap: US$2.05B
24h volume: US$3.15M
Circulating supply: 3.18B S

See latest information

Frequently Asked Questions About Staking Sonic (prev. FTM) (S)

What are the staking rewards for Sonic (formerly FTM) (S)?: Staking rewards for Sonic (S) can vary across different platforms. Currently, there are three staking options available, but specific average rates are not disclosed. The best staking rate can be found on Stakely.io, which offers competitive rates. As Sonic evolves from its predecessor, FTM, it is essential to keep track of the latest updates and rewards by regularly checking reliable sources. Always stay informed to maximize your staking potential.