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How to Stake Nym: What is Nym Staking? A Step-by-Step Guide on How to Earn Nym Rewards in 2024
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How to Stake Nym: What is Nym Staking? A Step-by-Step Guide on How to Earn Nym Rewards in 2024
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Mar 13 , 2024 · 2 min read
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NYM Staking Tutorial

Discover the ultimate guide to NYM staking with our comprehensive tutorial. Learn how to secure, stake, and maximize your rewards effectively in 2024. This beginner-friendly guide takes you through each step, ensuring you're well-equipped to navigate the NYM network. Whether you're new to staking or looking to refine your strategy, our tutorial offers tips for optimizing your staking process. Start your journey towards earning passive income with NYM staking today with InfStones!

What Is Nym and Nym Staking?

Nym is a robust privacy mixnet that addresses the underlying privacy issue of the internet. As the network’s utility token, NYM tokens enable an open, decentralized, permissionless network directory, by enabling anyone to bond mix nodes to the network and become part of a global privacy infrastructure.

By staking NYM tokens, NYM holders contribute to the network security and earn rewards in return for this service.

What Should You Know about Nym?

The following table summarizes the basic information for staking NYM:

ItemDescription
Rewards Distribution Interval1 Hour
Rewards Distribution MethodRewards need to be manually claimed.
Unbonding Period No unbonding period.
Compounding Auto compounding.


How to Stake Nym with Infstones?

Follow step-by-step NYM staking guide below!

Step 1: Download Nym Wallet

Please download and set up Nym wallet from https://nymtech.net/download/wallet.

Step 2: Navigating to the Staking Section

Open the wallet and navigate to the Delegate tab. Click the “Delegate” button to start delegating.

NYM Staking Tutorial

Step 3: Input InfStones Identity Key

Please input the following information to the Node identity key, which is the identity key for InfStones:

Aq46pftRyQiEqf7bwKSRRyE8UBpwoqzHLQ9UDb8RAJL4

Step 4: Delegate

Input the amount you would like to delegate. Click “Delegate Stake” and proceed to confirmation.

NYM Staking Tutorial

How to Claim Reward?

Claim rewards is straightforward for stakers:

Step 5: Receive Reward

You can check your stake history and reward under the “Delegation” tab in your Nym wallet. Each row indicates a delegation instance, with the reward you earned from this instance displayed at the end.

NYM Staking Tutorial

How to Unstake Nym?

Step 6: Unstake

To unstake your delegation, go to your Nym wallet. Under the Delegate tab,  click on the three-dot icon at the end of your delegation instance. Click “Undelegate” to proceed. A popup will show up, and click “Undelegate” to complete the undelegating process. Please note that it may take up to an hour to process.

NYM 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.