How to Stake MANTRA (OM): A Step-by-Step Guide

Introduction

Staking MANTRA can be a great option for those who want to hold OM 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 MANTRA (OM) Tokens
In order to stake MANTRA, you need to have it. To obtain MANTRA, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
OKX MANTRA (OM) 5.91
YouHodler MANTRA (OM) 5.91
Binance MANTRA (OM) 5.91
BTSE MANTRA (OM) 5.91
Bitget MANTRA (OM) 5.91
Kucoin MANTRA (OM) 5.91
See all 37 prices
2. Choose a MANTRA Wallet
Once you have OM, you’ll need to choose a MANTRA wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance MANTRA (OM) Up to 19.9 APY
BTSE MANTRA (OM) Up to 10.32 APY
See all 6 staking rewards
3. Delegate Your OM
We recommend using a staking pool when staking OM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OM, 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 MANTRA network. You’ll be rewarded with OM for these validations.

Platform	Coin	Price
OKX	MANTRA (OM)	5.91
YouHodler	MANTRA (OM)	5.91
Binance	MANTRA (OM)	5.91
BTSE	MANTRA (OM)	5.91
Bitget	MANTRA (OM)	5.91
Kucoin	MANTRA (OM)	5.91

Platform	Coin	Staking rewards
Binance	MANTRA (OM)	Up to 19.9 APY
BTSE	MANTRA (OM)	Up to 10.32 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

MANTRA (OM) is currently priced at $10.32 with a 24-hour trading volume of $99.78M. The market cap of MANTRA stands at $3.78B, with 959.78M OM in circulation. For those looking to buy or trade MANTRA, Binance offers avenues to do so securely and efficiently}

Market cap: $3.78B
24h volume: $99.78M
Circulating supply: 959.78M OM

See latest information

Frequently Asked Questions About Staking MANTRA (OM)

What are the rewards for staking MANTRA (OM)?: Staking MANTRA (OM) offers rewards in the form of additional OM tokens, distributed periodically. To maximize benefits, regularly check the latest rates and updates on a trusted platform like Bitcompare.
How often are MANTRA (OM) staking rewards distributed?: Rewards for staking MANTRA (OM) are typically distributed per each completed staking cycle. For current distribution schedules, use Bitcompare for real-time information and alerts.
Where can I find real-time COM staking rates?: For real-time MANTRA (OM) staking rates, Bitcompare offers the latest data with tools like email alerts and sentiment analysis. Bookmark the page for quick access and stay informed.
What factors affect MANTRA (OM) staking rewards?: Staking rewards can vary based on network activity and the total number of staked tokens. Use Bitcompare for insights into these factors and stay updated on current trends and events.
How do I begin staking MANTRA (OM)?: To start staking MANTRA (OM), select a reputable platform with competitive rates. Check Bitcompare for a list of options and up-to-date platform reviews, ensuring informed decisions.
What tools are available to help manage MANTRA (OM) staking?: Bitcompare offers valuable tools such as real-time price comparisons, email alerts, sentiment analysis, and the latest MANTRA news to assist in making informed decisions. Regularly check updates.
How can I ensure that I'm achieving optimal staking returns?: Stay informed about market changes and staking updates via tools like Bitcompare's comparison features. Regular checks and bookmarks can help you navigate the dynamic cryptocurrency landscape.