ZetaHub offers an easy-to-use interface for staking ZETA tokens and claiming staking rewards. Staking involves delegating your tokens to validators who help secure the ZetaChain network by processing transactions and maintaining the blockchain. By staking your ZETA tokens, you contribute to the network's security and decentralization while earning rewards. This guide will walk you through the key steps, from choosing a validator to claiming rewards and managing your delegations.
At the top of the screen, you can see the amount staked, the amount available to stake, and the amount available to claim.
Below, there is a table of ZetaChain validators with information such as voting power, commission, uptime, and status.
Stake
To stake ZETA tokens, select a validator from the table and click "Stake".
When staking, it's important to consider:
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Voting Power: Voting power does not affect staking rewards. It’s advisable to delegate to validators who are not in the top 10 based on voting power to help decentralize the network.
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Commission Rates: Some validators have a 100% commission rate, meaning all rewards go to the validator, not the delegators. Validators may do this to discourage delegations.
Enter the amount you want to delegate and press "Stake".
After confirming the transaction in your wallet, a notification will indicate that the delegation was successful.
At the top of the page, you can now see all the validators you have delegated to.
Claim Staking Rewards
To claim staking rewards, click the "Claim" button on the right.
Next, confirm the transaction in your wallet and wait for it to be processed.
Redelegate
To redelegate, click on a validator in the "Staking Delegations" section and select the "Redelegate" tab.
Next, choose a new validator to redelegate to.
Enter the amount you want to redelegate and confirm the transaction in your wallet.
Wait for the transaction to be processed.
Once the redelegation transaction is processed successfully, the new validator will appear in your list. Note that redelegation happens immediately after the transaction is confirmed.
Unstaking
To unstake ZETA, click on the validator from which you want to unstake and select the "Unstake" tab.
Enter the amount you want to unstake, click "Unstake," and confirm the transaction in your wallet.
After the unbonding period is over, the unstaking process will be complete, and the unstaked tokens will be available in your wallet. Please note that the duration of the unbonding period may vary.