Introduction
Staking Rose Finance can be a great option for those who want to hold ROSE but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step guide
1. Obtain Rose Finance (ROSE) Tokens
To stake Rose Finance, you need to have it. To get Rose Finance, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a Rose Finance Wallet
Once you have ROSE, you’ll need to choose a Rose Finance wallet to store your tokens. Here are some lekker options.
Platform Coin Staking rewards Kucoin Rose Finance (ROSE) Up to 3% APY 3. Delegate Your ROSE
We recommend using a staking pool when staking ROSE. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their ROSE, which gives them a better chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Rose Finance network. You'll be rewarded with ROSE for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.
Latest Movements
Rose Finance (ROSE) is presently priced at US$3. For those interested in buying or trading Rose Finance, Kucoin offers ways to do so safely and efficiently
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