How to Stake MANTRA (OM)

Introduction

Staking MANTRA can be an excellent choice for those looking to hold OM 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 MANTRA (OM) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	MANTRA (OM)	0.07 APY
   YouHodler	MANTRA (OM)	0.07 APY
   Binance	MANTRA (OM)	0.07 APY
   BTSE	MANTRA (OM)	0.16 APY
   Kraken	MANTRA (OM)	0.07 APY
   OKX	MANTRA (OM)	6.89 APY

   See all 44 prices in Uganda

2. 2. Select a MANTRA Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	MANTRA (OM)	Up to 10% APY

   View all 6 staking rewards available.

3. 3. Delegate Your OM

   We recommend using a staking pool when staking OM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their OM, 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 MANTRA network. You'll be rewarded with OM 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.