Where and How to Stake Self Chain (SLF)

Introduction

Staking Self Chain can be a great option for those who want to hold SLF 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 Self Chain (SLF) Tokens

   In order to stake Self Chain, you need to have it. To obtain Self Chain, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Self Chain (SLF)	0.38
   Binance	Self Chain (SLF)	0.38
   BTSE	Self Chain (SLF)	0.37
   Bitmart	Self Chain (SLF)	0.38
   MEXC Global	Self Chain (SLF)	0.38
   BingX	Self Chain (SLF)	0.38

   See all 11 prices

2. 2. Choose a Self Chain Wallet

   Once you have SLF, you’ll need to choose a Self Chain wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	Self Chain (SLF)	Up to 18.9 APY

3. 3. Delegate Your SLF

   We recommend using a staking pool when staking SLF. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SLF, 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 Self Chain network. You’ll be rewarded with SLF 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.