Now that everyone is talking about proof-of-stake, here's how to get the most out of Fantom, which only requires 1 FTM to get started.
). Users who stake SCREAM tokens can earn around 58% APR, while for liquidity providers, the rewards can be as high as 82% APR.Validators run full nodes and are a crucial part of the Fantom network. By running a full node, validators participate in the consensus to boost security and generate new blocks. There are some technical requirements and skills to be considered to run a Fantom full node, and it might be more suitable for a techie operator.
Users can run a node on their hardware or use a cloud provider. One of the big cloud providers, e.g., Amazon AWS, is recommended.Register their Fantom validator node on-chain. To do this, users need to create a validator wallet that becomes the validator’s identity in the network, required to authenticate, sign messages, etc.
Run their own node. To do this, they need to restart their node in validator mode, then close the Opera window by typing “exit.” Then they need to head back to the window where they started their node with the following command: $ nohup ./opera --genesis $NETWORK --nousb --validator.id ID --validator.pubkey 0xPubkey --validator.password /path/to/password &to Fantom’s instructions for full specifications and details on how to run a validator node.You can earn 5.01% if you choose the minimum lock-up period and the minimum amount. The maximum APY is currently 15.31% for the maximum lock-up period of 365 days.
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