Introduction

Staking LeverFi can be an excellent choice for those looking to hold LEVER while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire LeverFi (LEVER) Tokens

   To stake LeverFi, you first need to acquire it. To obtain LeverFi, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	LeverFi (LEVER)	0.000175 APY
   BTSE	LeverFi (LEVER)	0.000321 APY
   BingX	LeverFi (LEVER)	0.00001805 APY
   Bitget	LeverFi (LEVER)	0.000211 APY
   Bitmart	LeverFi (LEVER)	0.000019 APY
   Bitpanda	LeverFi (LEVER)	0 APY

   See all 24 prices in Uganda

2. 2. Select a LeverFi Wallet

   Once you have LEVER, you'll need to select a LeverFi wallet to securely store your tokens. Here are some reliable options to consider.

3. 3. Delegate Your LEVER

   We recommend using a staking pool when staking LEVER. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LEVER, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 LeverFi network. You'll be rewarded with LEVER for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.