Where and How to Stake MANTRA (OM)

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. 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
   Bitpanda	MANTRA (OM)	3.76
   OKX	MANTRA (OM)	3.8
   YouHodler	MANTRA (OM)	3.8
   Binance	MANTRA (OM)	3.71
   BTSE	MANTRA (OM)	3.8
   Bitmart	MANTRA (OM)	3.9

   See all 16 prices

2. 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
   Stakin	MANTRA (OM)	Up to 0 APY

3. 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. 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 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.