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) 3.61
YouHodler MANTRA (OM) 3.69
Binance MANTRA (OM) 3.69
BTSE MANTRA (OM) 3.69
Bitmart MANTRA (OM) 3.69
Bitget MANTRA (OM) 3.69
See all 19 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
Stakin MANTRA (OM) Up to 0 APY
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)	3.61
YouHodler	MANTRA (OM)	3.69
Binance	MANTRA (OM)	3.69
BTSE	MANTRA (OM)	3.69
Bitmart	MANTRA (OM)	3.69
Bitget	MANTRA (OM)	3.69

Platform	Coin	Staking rewards
Binance	MANTRA (OM)	Up to 19.9 APY
Stakin	MANTRA (OM)	Up to 0 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 $19.9 with a 24-hour trading volume of $63.9M. The market cap of MANTRA stands at $3.5B, with $949.44M OM in circulation. For those looking to buy or trade MANTRA, Binance offers avenues to do so securely and efficiently}

Market cap: $3.5B
24h volume: $63.9M
Circulating supply: $949.44M

See latest information

Frequently Asked Questions About Staking MANTRA (OM)

What are MANTRA (OM) staking rewards?: MANTRA (OM) staking rewards are incentives provided to users who participate in securing the network by staking their OM tokens. Rewards are distributed in OM or other tokens, depending on the staking program. Stay informed about rates and conditions to optimize your benefits.
How often are MANTRA staking rewards distributed?: The frequency of MANTRA staking rewards distribution can vary depending on the staking pool or platform used. Typically, rewards are distributed daily or weekly. Regularly check your staked tokens' status to keep track of incoming rewards.
What factors influence MANTRA staking rewards?: MANTRA staking rewards are influenced by factors like the number of tokens staked, the duration of staking, overall network participation, and respective pool conditions. Stay updated on these to maximize your rewards potential.
Is there a minimum amount required for staking MANTRA?: The minimum staking amount for MANTRA (OM) tokens depends on the specific staking platform or pool you choose. Ensure you check the platform's requirements before deciding to stake, as they may vary.
Can I stake MANTRA tokens on multiple platforms?: Yes, you can stake MANTRA tokens across different platforms, provided they support MANTRA staking. However, keep in mind each platform may have varying reward rates and requirements, so it's crucial to stay informed.
How do I calculate my potential MANTRA staking rewards?: Potential MANTRA staking rewards can be estimated by considering factors like your staked amount, reward rates, and staking duration. Use tools like Bitcompare for real-time rates and sentiment analysis to make informed calculations.
What are the risks of staking MANTRA tokens?: Staking MANTRA tokens involves risks such as token price volatility and potential slashing. To mitigate risks, research thoroughly, monitor market trends, and utilize tools like Bitcompare for timely alerts and news updates.
How can I keep track of MANTRA staking events and updates?: To stay informed about MANTRA staking events, regularly visit platforms like Bitcompare for the latest news, events, and price comparisons. Bookmark the page and set email alerts for timely notifications so you can react swiftly.