-:Topics covered:-
1. Key Details for Staking XTZ in Trust Wallet
2. Step-by-Step Guide on How to Stake XTZ
3. Instructions for Unstaking XTZ
This guide will walk you through the process of staking XTZ using Trust Wallet. XTZ is the native cryptocurrency of the Tezos network, a Layer 1 blockchain known for its unique self-amending cryptographic ledger and energy-efficient consensus mechanism.
Key Details for Staking XTZ with Trust Wallet
- Minimum Staking Amount: No minimum.
- Lockup Period: None (Earning starts one day after staking)
Note: During the staking period, both your staked XTZ and any rewards generated remain locked. Users will not have access to these funds until the unstaking process is completed.
- Staking Yield (APR): View current rates in the "Earn" section of the Trust Wallet app.
- Important: Staking and rewards are managed by Trust Wallet’s partners. Therefore, Trust Wallet does not control the staking rate, lockup period, or minimum staking requirement. Lockup specifics, including any time frames for staking and unstaking, are determined by the XTZ itself.
Stay Updated: Ensure you have the latest version of Trust Wallet to access the most current staking options. Download here.
How to Stake XTZ
- Open Trust Wallet, select Earn and go to Native Staking option.
- Search for XTZ and select it.
- Tap Stake.
- Choose the Amount to Stake and select a Validator (or leave the default).
- Tap Continue.
- Review the details and select Confirm to complete the staking process.
How to Unstake XTZ
Frequently Asked Questions
What is the minimum staking amount for XTZ?
No minimum amount required to stake XTZ.When will I start receiving rewards after staking XTZ?
Rewards depend on the amount of XTZ you stake and network conditions. Earning typically starts one day after staking.How often are XTZ staking rewards distributed?
Reward frequency depends on network conditions and the amount of XTZ staked. Trust Wallet does not control the distribution frequency.Is there a minimum reward amount required to claim XTZ staking rewards?
No minimum accrued reward is required to claim. Once the lockup period ends, you will receive your staked amount along with any rewards.Are my XTZ staking rewards automatically compounded?
Yes, accrued XTZ staking rewards are automatically compounded.What is the lockup period for staking XTZ?
The lockup period for unstaking XTZ is not fixed yet.Can I use my XTZ while it is staked?
No, your XTZ tokens are locked during the staking period. To access or use your XTZ tokens, you must first unstake them, after which they will become available for use once the lockup period concludes.
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