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How to Stake CLV: A Step-by-Step 2024 Guide for Earning Passive Rewards
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How to Stake CLV: A Step-by-Step 2024 Guide for Earning Passive Rewards
Education
Mar 13 , 2024 · 2 min read
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CLV Staking Tutorial

Embark on your CLV staking journey with our comprehensive 2024 guide, tailored to help you unlock the full potential of your CLV holdings. Learn how to set up your digital wallet, select the most beneficial staking options, and understand the mechanics behind CLV rewards. Our guide breaks down the staking process into manageable steps, offering expert advice to ensure you make the most out of your investment. Start your path to earning passive income through CLV staking with InfStones today!

What is CLV and CLV Staking

CLV is a one-stop infrastructure platform for cross-chain and decentralized applications. The CLV chain is a Substrate-based specialized Layer-1 chain that is EVM compatible, cross-chain interoperable, and also functions as a Parachain in the Polkadot ecosystem. CLV is the native token of CLV M-Chain, and is used for staking to take part in network consensus, transaction fees, platform rewards, and network governance.

CLV Staking provides cryptocurrency holders with the opportunity to maximize the utility of their digital assets by generating passive income, all while retaining ownership and avoiding the need to sell their holdings.

What Should You Know about CLV?

The following table summarizes the basic information for staking CLV:

ItemDescription
Rewards Distribution Interval1 Day
Rewards Distribution MethodRewards need to be undelegated and manually claimed.
Unbonding Period 24 Days
Compounding Auto compounding.


How to Stake CLV with Infstones?

Follow step-by-step CLV ($CLV) staking guide below!

Step 1: Set Up Wallet

Before you begin the staking process, ensure that you have the CLV mobile wallet installed from the Apple Store. You can download it here: CLV Wallet on the Apple Store.

Step 2: Use CLV-M Chain to stake

Once you've logged into your account on your phone, locate the "Networks" button and select CLV M chain.

CLV Staking Tutorial

Next, click the ‘stake’ button and input the amount of CLV you wish to stake. Please keep in mind that you must maintain a minimum balance of at least 1 CLV to keep your account active.

CLV Staking Tutorial

Step 3: Choose Validators and Stake

After clicking "Continue" from the previous step, you will gain access to a comprehensive list of validators. Once you've made your selections, please ensure you sign the transaction and confirm it to complete the process.

You will find confirmation that your stake has been successful in the history section.

CLV Staking Tutorial

How to Claim Reward?

To view your rewards, simply locate the "Reward" button and click on it. Then, select "View Full Reward History" to access a page where you can view your complete reward history in detail.

CLV Staking Tutorial

How to Unstake CLV?

To initiate the unstaking process, simply click the "Unstake" button on the "Stake to Earn" page. Enter the desired unstaking amount, confirm your selection, and your unstaking request will be successfully processed.

CLV Staking Tutorial

CLV Staking Tutorial

Why Stake with InfStones

User-centric experience:

  • Intuitive staking experience with graphic interface.
  • Seamless integration with various wallets.
  • Standardized and consistent logic across different protocols.

Secure and reliable infrastructure:

  • 2000+ service days with 0 slashing.
  • Non-custodial staking.
  • Trusted by Binance, CoinList, BitGo, OKX and more.

Comprehensive support and resources:

  • 24/7 professional support.
  • Extensive guiding documentations.
About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.

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