How to Stake AKT in Trust Wallet: A Step-by-Step Guide

-:Topics covered:-
1. Key Details for Staking AKT in Trust Wallet

2. Step-by-Step Guide on How to Stake AKT

3. Instructions for Unstaking AKT

This guide will walk you through the process of staking Akash with Trust Wallet. Akash is a decentralized and open-source cloud computing platform that connects server owners seeking to host applications with cloud computing resources. 

Key Details for Staking AKT with Trust Wallet

• Minimum Staking Amount: 0 AKT
• Lockup Period: None (unbonding takes 21 days)

  Note: During the staking period, both your staked AKT 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 AKT Protocol itself.

  Stay Updated: Ensure you have the latest version of Trust Wallet to access the most current staking options. Download here.

How to Stake AKT

1. Open Trust Wallet, select Earn and go to Native Staking option.
2. Search for AKT and select it.
3. Tap Stake.
4. Choose the Amount to Stake and select a Validator (or leave the default).
5. Tap Continue.
6. Review the details and select Confirm to complete the staking process.

How to Unstake AKT

1. From the main wallet page, go to Earn and select AKT.
2. Choose Unstake and follow the instructions to confirm.

Note: Once you click Unstake, your balance will not be reflected immediately in your wallet. It will remain in a lockup period of approximately 21 days before it appears in your wallet. To check your balance and the status of your unstaked AKT, you can enter your wallet address on Mint Scan for a more detailed view and better understanding.

Frequently Asked Questions

• What is the minimum staking amount for AKT?
  The minimum amount required to stake is 0 AKT.

• When will I start receiving rewards after staking AKT?
  Rewards depend on the amount of AKT you stake and network conditions. Your chance to earn rewards may vary accordingly.

• How often are AKT staking rewards distributed?
  Reward frequency depends on network conditions and the amount of AKT staked. Trust Wallet does not control the distribution frequency.

• Is there a minimum reward amount required to claim AKT 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 AKT staking rewards automatically compounded?
  Yes, accrued AKT staking rewards are automatically compounded.

• What is the lockup period for staking AKT?
  The lockup period for unstaking AKT is 21 days.

• Can I use my AKT while it is staked?
  No, your AKT tokens are locked during the staking period. To access or use your AKT tokens, you must first unstake them, after which they will become available for use once the lockup period concludes.