Simple staking,
easy rewards

A cryptocurrency is a digital asset that’s secured by cryptography and can be used as a medium of exchange. Many cryptocurrencies are decentralized and are based on blockchain technology – a distributed ledger system enforced by a disparate network of computers.

Proof-of-stake is a consensus mechanism on blockchain technology that helps maintain consensus. Validators stake the blockchain’s native coin to validate new blocks and transactions, and these validators get rewarded with rewards.

Staking is when users lock their funds to participate in maintaining the integrity of proof-of-stake (PoS) blockchains. These users are then rewarded through block rewards and transaction fees.

When users stake their funds, they are increasing the security and censorship resistance of the blockchain. For this reason, users are rewarded through block rewards and transaction fees.

Click “Launch App” on the top right to get to our dashboard.

Once you’re on our dashboard. Click “Connect” to connect your wallet. Select the wallet extension that you want to connect with Steaking and where you have your funds.

Click “Stake” on the top center and then create a stake account by clicking “Create a stake account”. On the popup, input the amount that you want to stake. Be sure to read the disclaimers. Once you have your stake account, click “delegate” and select a validator to stake to!

There are many wallets that you can use. The wallet that we recommend is the Phantom wallet extension. You can download it here.

Other wallets include the Sollet wallet, Solong wallet, Solflare wallet, MathWallet, and the Ledger hardware wallet.

The largest risk that investors face when staking is market risk. This is when the underlying asset falls in value, which if greater than your yield, would mean an overall decrease in value. Another important risk to consider is lock-up periods. Lock-up periods are when staked assets cannot be accessed for a given amount of time following the delegation. The lockup period for Solana is one Epoch, which can be up to two days.

Some other things to keep in mind are validator risk — if the validator is not running efficiently or the node malfunctions, validator costs — the cost usually a percentage fee taken by the validator owner, and liquidity risk — if there is little liquidity it may be hard to sell your tokens or convert them into other coins.

Steaking.io makes staking easy and secure. We believe that anyone in the world should be able to participate in staking and start collecting staking rewards, as it benefits both users and the blockchain.