How to Stake Sifchain (EROWAN) in Vietnam

Introduction

Staking Sifchain is an excellent choice for those looking to hold EROWAN while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire Sifchain (EROWAN) Tokens

   To stake Sifchain, you first need to acquire it. You can purchase Sifchain from various popular exchanges.

2. 2. Select a Sifchain Wallet

   Once you have EROWAN, you'll need to select a Sifchain wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Stakewolle	Sifchain (EROWAN)	Earn up to 62.93% APY

3. 3. Delegate Your EROWAN

   We suggest using a staking pool for staking EROWAN. It's easier and quicker to start. A staking pool consists of validators who pool their EROWAN, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Sifchain network. You will be rewarded with EROWAN for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.