Staking simplified

Staking is a way to earn rewards by helping secure a blockchain network. Instead of using energy-intensive mining, many blockchains use proof of stake (PoS), where users lock up tokens to support the network and in return earn rewards.

How staking works

You delegate or lock your tokens in the blockchain’s staking mechanism.

These tokens are used to help validate transactions and maintain the network.

In exchange, you earn rewards (usually paid in the same token).

You can later unstake your tokens, though some networks require a waiting period.

Why stake your tokens

Earn rewards - staking provides a passive income stream.

Support the network - stakers help secure the blockchain and keep it decentralised.

Lower barriers - you don’t need technical expertise or hardware, just your tokens.

Staking risks and considerations

Lock-up periods - some blockchains require you to keep tokens staked for a set time.

Slashing risk - on certain networks, validators who act dishonestly can lose part of their stake (though delegators are rarely affected if they choose reputable validators).

Variable rewards - staking yields change depending on network conditions.

Liquidity trade-off - staked tokens are not available for trading until unstaked.

Staking in Wraith Wallet

Wraith Wallet integrates staking for supported blockchains directly in the app.

You can choose from available validators and delegate with just a few taps.

Rewards are displayed in real time and added to your balance automatically.

Unstaking is supported, subject to the blockchain’s rules and unbonding periods.

Key points to remember

Staking lets you earn rewards by supporting proof-of-stake blockchains.

Rewards vary and may be subject to lock-up periods.

Wraith Wallet makes staking simple by handling the technical process for you.

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