How to Stake MANTRA (OM)

Introduction

Staking MANTRA can be an excellent choice for those looking to hold OM while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire MANTRA (OM) Tokens

   To stake MANTRA, you first need to acquire it. To obtain MANTRA, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   PrimeXBT	MANTRA (OM)	0,08
   YouHodler	MANTRA (OM)	0,08
   Binance	MANTRA (OM)	0,08
   BTSE	MANTRA (OM)	0,16
   Kraken	MANTRA (OM)	0,08
   OKX	MANTRA (OM)	6,89

   View all 44 prices

2. 2. Select a MANTRA Wallet

   Once you have OM, you'll need to choose a MANTRA wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Binance	MANTRA (OM)	Up to 10% APY

   View all 6 staking rewards available

3. 3. Delegate Your OM

   We recommend using a staking pool when staking OM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their OM, which increases their chances of validating transactions and earning rewards. You can manage 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 MANTRA network. You'll be rewarded with OM for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.