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MultiversX Staking Tutorial
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MultiversX Staking Tutorial
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Dec 01 , 2021 · 1 min read
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What is MultiversX and EGLD Staking

MultiversX is a distributed transactional computation protocol that relies on a sharded state architecture and a secure Proof of Stake consensus mechanism. While most other blockchain networks require custom hardware and high energy consumption, MultiversX runs on average computers. The token that powers the MultiversX network is EGLD and it is exclusively used for trading, staking, delegating, paying transaction fees, and governance votes on the network.

MultiversX EGLD staking is the process of locking up EGLD tokens within the MultiversX platform to support the network's operations and earn rewards in return.

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.

How to Stake EGLD with InfStones

Overview

The staking information is highlighted in the table below:

Stake

a) Visit https://wallet.multiversx.com/dashboard and access the "Stake" tab located on the left side of the main page and click the "Stake Now" button.

b) In the pop-up window labeled "Choose Staking Provider," select "InfStones" from the available options.

c) Once you have entered the desired staking amount, confirm your action, and you will have successfully staked your tokens.

Claim Reward

a) Go to the staking page, you can access your reward record in “My Claimable Rewards” as shown below . You can claim your reward here.

b) To review your staking history, simply switch to the "Transaction" tab, and you'll have all the transaction history.

Unstake

Go to staking page, scroll down to locate the "Withdraw" button within the "My Delegations" section. Enter the amount you wish to unstake and confirm your transaction.

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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