Introduction
Staking Solarflare is an excellent choice for those looking to hold FLARE 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. Acquire Solarflare (FLARE) Tokens
To stake Solarflare, you first need to acquire it. You can purchase Solarflare from various popular exchanges.
2. Select a Solarflare Wallet
Once you have FLARE, you'll need to select a Solarflare wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Atomic Wallet Solarflare (FLARE) Earn up to 4.2% APY 3. Delegate Your FLARE
We suggest using a staking pool for staking FLARE. It's easier and quicker to start. A staking pool consists of validators who pool their FLARE, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
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 Solarflare network. You will be rewarded with FLARE 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.
Recent Developments
Solarflare (FLARE) is currently priced at $4.2 with a 24-hour trading volume of $2,104.38. For those looking to buy or trade Solarflare, Atomic Wallet offers avenues to do so securely and efficiently
- 24-hour trading volume
- $2,104.38
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