How to Stake Solarflare (FLARE)

Introduction

Staking Solarflare can be an excellent choice for those looking to hold FLARE 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 Solarflare (FLARE) Tokens

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

2. 2. Select a Solarflare Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Atomic Wallet	Solarflare (FLARE)	Up to 4,2% APY

3. 3. Delegate Your FLARE

   We recommend using a staking pool when staking FLARE. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their FLARE, 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 Solarflare network. You'll be rewarded with FLARE 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.