Post

Feb 15, 2023

How to Stake Fantom (FTM)

Guides · 6 Minute Read · Written by Kilian Boshoff


Fantom
FTM

TL;DR:

 

  • View the current FTM staking APR here
  • Use the FTM Staking Calculator to estimate your rewards
  • Lockup: 7 days
  • Average commission: 15%
  • Minimum amount required for staking: 1 FTM
  • Estimated time needed to stake your FTM in your wallet: 5 minutes
  • Recommended Fantom staking wallets:  Ledger, fWallet
  • Steps to stake: 
    • Go to the fWallet Staking Dashboard and select ‘Staking’ on the left panel. 
    • Click ‘Add Delegation’ and select a validator from the table. If you are uncertain about how to choose a validator, refer to our FAQ for guidance on selecting a validator.
    • Once you have chosen a validator and decided on the number of tokens you would like to stake, click ‘Continue’ and sign the transaction.
    • Users have the option to lock their delegated Fantom up for up to 365 days. The longer you lock it, the higher your APR will be. Users can mint sFTM in a 1:1 ratio to your staked FTM and use it as a collateral in Fantom Finance, their all-in-one DeFi suite.