Introduction
Staking MANTRA can be a great option for those who want to hold OM 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 Guide
1. Obtain MANTRA (OM) Tokens
In order to stake MANTRA, you need to have it. To obtain MANTRA, you'll need to purchase it. You can choose from these popular exchanges.
See all 10 pricesPlatform Coin Price Bitpanda MANTRA (OM) 1.43 OKX MANTRA (OM) 1.42 Binance MANTRA (OM) 1.43 BTSE MANTRA (OM) 1.37 BingX MANTRA (OM) 1.42 Bitmart MANTRA (OM) 1.43 2. Choose a MANTRA Wallet
Once you have OM, you’ll need to choose a MANTRA wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Binance MANTRA (OM) Up to 19.90 APY BTSE MANTRA (OM) Up to 10.32 APY 3. Delegate Your OM
We recommend using a staking pool when staking OM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OM, 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 MANTRA network. You’ll be rewarded with OM 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
MANTRA (OM) is currently priced at 0 with a 24-hour trading volume of $59.64M. The market cap of MANTRA stands at $1.31B, with $915.21M OM in circulation. For those looking to buy or trade MANTRA, Binance offers avenues to do so securely and efficiently}
- Market cap
- $1.31B
- 24h volume
- $59.64M
- Circulating supply
- $915.21M