Are you ready to unlock the benefits of staking Mantle (MNT)? Mantle is a Layer 2 scaling solution for Ethereum that offers faster and cheaper transactions by using Optimistic Rollup technology. It processes transactions off-chain and settles them securely on Ethereum, making it a powerful tool for improving efficiency in decentralised applications.
The MNT token serves a dual purpose—it acts as a governance token, giving holders a say in the network’s future, and as a utility token for gas fees within the Mantle ecosystem. You can actively support the network by staking your MNT tokens while earning potential rewards. Whether you’re a crypto enthusiast or an investor looking to grow your assets, staking Mantle is a smart way to get involved. Let’s explore how you can stake MNT easily!
How To Stake Mantle (MNT)?
Staking Mantle tokens (MNT) allow you to earn rewards while contributing to the network’s security and efficiency. This guide explains the staking process in simple steps, ensuring clarity and ease of understanding for new and experienced users alike. Follow these steps to stake your Mantle tokens confidently:
Step 1: Visit The MNT Protocol Homepage
Start by heading to the MNT Protocol homepage, where you’ll find the staking interface. Ensure your wallet is connected before proceeding. The platform supports multiple wallet integrations, including:
Select the Correct Network
Before staking, ensure you’re connected to the Ethereum network. You can switch to the Goerli Testnet if you’re testing the process. Otherwise, use the Ethereum mainnet for actual staking.
Step 2: Enter The Amount Of ETH To Stake
Once your wallet is connected:
- Enter the amount of ETH you want to stake.
- Verify that your wallet has sufficient funds for both staking and gas fees.
- Click on “Stake” to proceed.
Check Exchange and Adjustment Rates
The platform provides a deterministic exchange rate between ETH and MNT, meaning there’s no slippage regardless of your stake size. Review these rates carefully before confirming.
Note: The minimum staking amount is 0.02 ETH. Always double-check your transaction details before proceeding.
Step 3: Confirm The Transaction
After entering the staking amount:
- Verify the amount of MNT you’ll receive in return, alongside the current exchange and adjustment rates.
- Click on “Confirm” and authorise the transaction via your wallet.
Add MNT to Your Wallet
If this is your first time staking, a pop-up will prompt you to add MNT to your wallet after the transaction is confirmed. Follow the instructions to include MNT in your token list for easy tracking.
Tip: Exchange rates update every eight hours based on price oracles. Check the latest updates on the MNT Protocol stats page.
Step 4: Unstaking Mantle Tokens
If you need to unstake your MNT:
- Navigate to the “Unstake” tab on the homepage.
- Enter the amount of MNT to unstake and click “Approve MNT”.
Verify Unstake Details
- Ensure you meet the minimum unstake amount of 0.01 ETH.
- Review exchange rates and estimated processing times.
Step 5: Claim Your ETH
Once the unstaking process is complete:
- Go to the “Claim” tab to check your pending ETH.
- Follow the on-screen prompts to complete the claiming process.
Unstaked ETH may take a few days to process. After claiming, a confirmation pop-up will appear, indicating that your ETH is now in your wallet.
Popular Video Guides On Staking Mantle (MNT)
Best Places To Stake Mantle (MNT)
Coinbase serves as a leading platform for crypto enthusiasts, particularly in the U.S., offering staking services for an extensive selection of proof-of-stake (PoS) cryptocurrencies. With over 152 assets available, users can stake popular tokens like Ethereum (ETH), Cardano (ADA), and Solana (SOL). Its user-friendly design allows even beginners to stake with as little as $1. Coinbase simplifies staking by managing all technical aspects and automatically distributing rewards to user accounts. The platform also prioritises security with advanced measures, including insurance and cold storage. However, staking fees apply, varying by membership level.
Pros:
- Intuitive interface tailored for beginners.
- Strong emphasis on asset security with cold storage.
- Automatic and timely distribution of staking rewards.
- Offers staking for a wide array of PoS cryptocurrencies.
- Supports educational resources to enhance user knowledge.
Cons:
- High staking fees compared to other platforms.
- Lower Annual Percentage Yields (APYs) for some cryptocurrencies.
- Some advanced features are limited to institutional clients
ByBit is a leading cryptocurrency exchange and derivatives trading platform founded in 2018 and headquartered in Dubai. The platform offers a wide range of financial services, including spot trading, futures trading, and earning opportunities through Bybit Earn. Bybit Earn provides users with structured products, staking, and liquidity mining options, enabling them to generate passive income from their cryptocurrency holdings. Known for its robust security measures and user-centric features, ByBit caters to both novice and experienced investors looking for versatile investment opportunities.
Pros:
- Wide variety of staking and investment options for different investor profiles.
- Liquid staking lets users stake assets while retaining access to them.
- Strong security measures protect user funds.
Cons:
- High volatility in products like Double Win can lead to significant losses.
- No principal protection in Dual Asset and Double Win products.
- Regulatory changes may impact user earnings.
Gate.io is a well-known crypto exchange offering diverse staking opportunities through its HODL & Earn program. It provides both locked and flexible staking options to suit various user preferences. Locked staking requires users to commit their assets for a fixed period, offering higher returns. Flexible staking, on the other hand, allows users to earn interest without locking their tokens, ensuring liquidity. Gate.io supports numerous cryptocurrencies for staking and uses a Proof of Stake (PoS) model to enable users to earn daily interest while retaining flexibility. It constantly updates its staking options, ensuring competitive returns.
Pros:
- Offers both locked and flexible staking options.
- Supports a wide range of cryptocurrencies for staking.
- Provides competitive interest rates for staking products.
- Allows users to earn daily interest on PoS staking balances.
- Ensures liquidity with flexible staking options.
Cons:
- High demand can make some staking options unavailable.
- Locked staking limits access to funds during the investment period.
- Staking options and interest rates can change frequently.
- Minimum thresholds apply to some staking products.
Benefits Of Staking Mantle (MNT)
Staking Mantle is an excellent way to actively participate in the Mantle blockchain while enjoying significant financial and ecosystem benefits. It involves locking your MNT tokens to contribute to the network’s functionality and earning rewards in return. Staking not only offers an opportunity to grow your assets but also allows you to support and shape the future of the Mantle project. Let’s explore the major benefits of staking Mantle in detail.
Earn Passive Income Through Rewards
Staking Mantle tokens provide a reliable source of passive income. When you stake your MNT, the network rewards your participation with regular payouts in MNT tokens. These rewards can accumulate over time, boosting your overall investment without requiring constant market monitoring or trading expertise. The more MNT you stake, the higher your earning potential.
Enhance Network Security
Staking directly contributes to the security and robustness of the Mantle network. By locking your tokens, you help validate transactions and support critical network operations. This process ensures that the Mantle blockchain remains decentralised and resistant to malicious attacks, safeguarding the interests of all users.
Shape The Future Through Governance
Staking MNT grants you governance rights, allowing you to vote on key decisions within the Mantle ecosystem. This includes updates, protocol changes, and important project initiatives. By staking, you gain an influential role in shaping the network’s evolution and aligning it with community needs.
Strengthen Mantle’s Operations
When you stake your tokens, you support the overall efficiency and reliability of Mantle. This active contribution helps the blockchain process transactions more effectively and maintains a strong defence against potential threats.
Frequently Asked Questions
What Are The Risks Of Staking Mantle Tokens?
Staking Mantle tokens requires locking them on the protocol, restricting your ability to trade or transfer them. The lock-up periods can vary, typically lasting a few hours to several days. This lack of liquidity is the primary risk, along with potential platform vulnerabilities or staking protocol changes.
How Are Decisions Made In The Mantle Ecosystem?
In the Mantle network, decisions are made through proposals and voting by $MNT token holders. These decisions cover key areas such as launching new initiatives, managing treasury resources, and defining the roles and responsibilities of operational teams.
What Does Staking Mantle Tokens Involve?
Mantle staking is the process of locking up your $MNT tokens on supported platforms to strengthen the network’s security and operational efficiency. In return for your participation, you earn rewards in the form of additional $MNT tokens, creating an incentive for network support.
How Can You Optimise Your Mantle Staking Rewards?
To enhance your Mantle staking rewards, stake larger amounts of $MNT tokens and select platforms offering higher Annual Percentage Yields (APYs). Regularly track your staking performance and reinvest earned rewards to benefit from compounding returns, maximising your overall earnings.
