Where and How to Stake Sifchain (erowan)
We don't currently track providers offering this for Sifchain. Try a different coin or browse our Sifchain hub.
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We don't currently track providers offering this for Sifchain. Try a different coin or browse our Sifchain hub.
Staking Sifchain can be a great option for those who want to hold erowan 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.
In order to stake Sifchain, you need to have it. To obtain Sifchain, you'll need to purchase it. You can choose from these popular exchanges.
Once you have erowan, you'll need to choose a Sifchain wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking erowan. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their erowan, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Sifchain network. You'll be rewarded with erowan for these validations.
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.
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