error while formatting en-vn message: how-to.verb.stake.hero.lead
A comprehensive guide on how to stake Sonic (prev. FTM) (S)
We have extensive data on staking Sonic (prev. FTM) (S) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
missing en-vn translation: common.latest-movements-copy
Staking Sonic (prev. FTM) is an excellent choice for those looking to hold S 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.
To stake Sonic (prev. FTM), you first need to acquire it. You can purchase Sonic (prev. FTM) from various popular exchanges.
Once you have S, you'll need to select a Sonic (prev. FTM) wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| Binance | Sonic (prev. FTM) (S) | Earn up to 3.5% APY |
We suggest using a staking pool for staking S. It's easier and quicker to start. A staking pool consists of validators who pool their S, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Sonic (prev. FTM) network. You will be rewarded with S for these validations.
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.
S
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
