Leo wallet lets you stake your Aleo Credits by delegating them to a validator. Delegated staking allows users to earn credits passively without fulfilling the conditions to become validator directly, checkout this article to learn more about staking on Aleo.
Prerequisites
There is no minimum amount of credits necessary to become a delegator. Although, you must first convert to public the credits you want to stake. Only public credits can be delegated for staking.
You should acquaint yourself with safety guidelines for staking.
How to stake Aleo credits?
You can add staked credits from your public balance at any time by following these steps:
- Open Leo Wallet
- In tokens section of home panel, click your Aleo Credits balance to access the Credits panel.
- Click your Staked credits balance to access the Staking panel.
- Press the "Stake ALEO" button
- Fill out the amount input field with the amount you want to add to your staked credits from your public balance.
- Choose an Aleo Validator from the list provided. You can see the estimated Annual Percentage Yield (APY), commission rate, total stake, and the number of delegators for each validator to help inform your decision.
- Click the Preview button.
- Double check that the transaction informations are correct.
- Confirm by pressing the "Stake" button.
Staking your ALEO credits in Leo Wallet is a straightforward process that allows you to earn rewards while contributing to the security and efficiency of the Aleo network. By following these steps, you can actively participate in the network and potentially grow your digital assets through staking rewards. Remember to keep track of your staking activities and make adjustments as needed to align with your investment strategy and goals.