Staking
Stake List
Section titled “Stake List”With staking, you can earn rewards by locking assets in your wallet. Staking time and reward rates vary depending on the selected network. Locked balances cannot be used during the staking period. Once the staking period is complete, the earned reward will be deposited into your wallet. If you change your mind, you can unstake and access your balance. However, no rewards will be earned for unstaking transactions made before the staking period expires.
- Clicking on Staking in the left menu displays all networks that allow staking.
- The user selects a staking network.
- The user then displays staking details for the selected network.
- If no staking transaction has been made before, clicking the Stake button will direct the user to the New Stake screen.
- If a staking transaction has been made, the relevant staking transaction(s) will be listed.
Create Stake
Section titled “Create Stake”- The From field lists the wallets associated with the asset to be staked.
- Network and asset information are selected by default.
- The validator to be staked is selected.
- The Other option allows staking to any validator address.
- The amount to be staked is entered in the Amount field.
- The Stake Confirmation screen is displayed after pressing the Continue button.
- The user approves the staking transaction, and a confirmation request is sent to the mobile device of the users specified in the policy rule for the relevant transaction.
- Once the transaction is approved, the relevant information is displayed on the staking listing page.
Validator Selection
Section titled “Validator Selection”Choosing the right validator when staking is crucial to the security and return of your investments. That is why we recommend selecting the contracted validators on the staking screen to secure your assets. If you want to proceed with a validator other than those recommended, you can perform the staking transaction by entering the validator’s address information using the Other option.