To stake Fantom (FTM), you will need to hold a certain amount of FTM in a wallet that supports staking. Once you have met the staking requirements, you can begin participating in the staking process by delegating your FTM to a validator.
Here are the general steps for staking FTM:
- Make sure you have a compatible wallet that supports staking, such as the Fantom Wallet or the Ledger Nano hardware wallet.
- Hold a sufficient amount of FTM in your wallet to meet the staking requirements. The specific amount may vary depending on the network and the validator you choose.
- Choose a validator to delegate your FTM to. You can find a list of validators on the Fantom network by using a block explorer or checking the Fantom website.
- Follow the instructions provided by your wallet or the validator to delegate your FTM.
- Wait for your FTM to be included in a block and begin earning rewards. The amount of rewards you earn will depend on the amount of FTM you are staking and the overall staking rewards for the network.
It’s important to note that staking carries some risks, such as the potential for lost or stolen funds if you choose an unreliable validator or if your wallet is hacked. It’s also important to carefully read and understand the terms and conditions of staking before getting started.