How to Stake Self Chain (SLF) in Australia

Introduction

Staking Self Chain can be a great option for those who want to hold SLF while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Self Chain (SLF) Tokens

   To stake Self Chain, you need to own it. To obtain Self Chain, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Binance	Self Chain (SLF)	0.02
   BTSE	Self Chain (SLF)	0.08
   BingX	Self Chain (SLF)	0.06
   Bitget	Self Chain (SLF)	0.05
   Bitmart	Self Chain (SLF)	0.000765
   Bitpanda	Self Chain (SLF)	0.47

   See all 27 prices

2. 2. Choose a Self Chain Wallet

   Once you have SLF, you'll need to choose a Self Chain wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Binance	Self Chain (SLF)	Up to 18.9% % p.a.

3. 3. Delegate Your SLF

   We recommend using a staking pool when staking SLF. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SLF, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Self Chain network. You'll be rewarded with SLF for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.