In this guide, you'll learn how to stake KSM using Trust Wallet. KSM is the native asset of Kusama, a network designed for experimental blockchain projects, acting as a canary network for Polkadot to test and refine technologies before their Polkadot deployment.
Covered in this guide
- Covered in this guide
- Key details for staking KSM using Trust Wallet
- How to stake KSM
- How to unstake KSM
- Frequently asked questions
Key details for staking KSM using Trust Wallet
- Minimum amount required for staking: 0.1 KSM
- Lockup period for staking: 28 days
- Staking yield (APR): Please see rates listed in the ‘Earn’ section of the Trust Wallet app.
- Staking assets and earning rewards is done via our trusted partners. Trust Wallet does not control the minimum amount, lockup period, or staking rate.
To ensure you have KSM, as well as all other staking options available to you, be sure to get the most updated version of Trust Wallet: trustwallet.com/download
How to stake KSM
- Open Trust Wallet and select Earn.
- Search for KSM and select it.
- Select Stake.
- Choose the Amount to stake.
- Select Validators (best practices for staking suggest you choose multiple validators).
- Select Continue.
- Review the details, and then select Confirm.
How to unstake KSM
- Go to Earn from the main wallet page, choose KSM.
- Then choose Unstake and follow the instructions to confirm the unstaking process.
Note: You will not be able to withdraw your tokens while they are staked. If you want to withdraw your KSM, staked KSM takes 2 days to unstake. The unstake timing is controlled by the Kusama network, not Trust Wallet.
Frequently asked questions
What is the minimum amount to stake KSM?
The minimum stake amount is 0.1 KSM.
When do I start receiving rewards when I stake KSM?
The time to your first reward is: When you win a reward. The chance to earn rewards is highly dependant on how much KSM you stake and network conditions.
What is the reward frequency when I stake KSM?
The chance to earn rewards is highly dependant on how much KSM you stake and network conditions.
What’s the minimum reward amount in order to claim?
There is no minimum accrued reward required to claim. When you unstake, there is a waiting period, and once the waiting period is over, you receive your original staked amount plus rewards accrued.
Are my accrued KSM staking rewards auto-compounded?
Yes.
What is the lockup period when I stake KSM?
The lockup period is 28 days.
Can I use my KSM while they are staked?
No, you won’t be able to use your tokens while they are staked/locked. Before you use your KSM tokens, you’ll need to unstake them.