Introduction
Staking Flare can be a great option for those who want to hold FLR but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
1. Obtain Flare (FLR) tokens
In order to stake Flare, you need to have it. To obtain Flare, you'll need to purchase it. You can choose from these popular exchanges.
See all 12 pricesPlatform Coin Price Bitpanda Flare (FLR) $0.0147 Uphold Flare (FLR) $0.0147 Kraken Flare (FLR) $0.0147 OKX Flare (FLR) $0.0145 Coinbase Flare (FLR) $0.0147 BingX Flare (FLR) $0.0147 2. Choose a Flare wallet
Once you have FLR, you’ll need to choose a Flare wallet to store your tokens. Here are some good options.
See all 4 staking rewardsPlatform Coin Staking rewards Uphold Flare (FLR) Up to 4.5% APY Atomic Wallet Flare (FLR) Up to 4.2% APY 3. Delegate your FLR
We recommend using a staking pool when staking FLR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FLR, which gives them a higher 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 Flare network. You’ll be rewarded with FLR for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Flare (FLR) is currently priced at $5 with a 24-hour trading volume of $5.44M. The market cap of Flare stands at 727.53M, with $50.35B FLR in circulation. For those looking to buy or trade Flare, Uphold offers avenues to do so securely and efficiently.
- Market cap
- $727.53M
- 24h Volume
- $5.44M
- Circulating supply
- $50.35B