Introduction
Staking Rose Finance can be a great option for those who want to hold ROSE 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 Rose Finance (ROSE) Tokens
In order to stake Rose Finance, you need to have it. To obtain Rose Finance, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Rose Finance Wallet
Once you have ROSE, you’ll need to choose a Rose Finance wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Kucoin Rose Finance (ROSE) Up to 3.00 APY 3. Delegate Your ROSE
We recommend using a staking pool when staking ROSE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ROSE, 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 Rose Finance network. You’ll be rewarded with ROSE 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.
Latest Movements
Rose Finance (ROSE) is currently priced at $3.00. For those looking to buy or trade Rose Finance, Kucoin offers avenues to do so securely and efficiently}
