Unlock the potential of Celer staking with our expert walkthrough for 2024. This tutorial cuts through the complexity, offering you a straightforward path to start your passive income through the Celer Network. Start your journey towards financial growth with InfStones today!

What is Celer and CELR Staking?

Celer Network stands at the forefront of blockchain technology, pioneering an interoperability protocol that is reshaping how users interact with the digital world. With just one click, users can seamlessly access a vast array of blockchain services including tokens, decentralized finance (DeFi) platforms, GameFi applications, Non-Fungible Tokens (NFTs), and even participate in governance processes across multiple chains. This revolutionary approach eliminates the complexity and friction traditionally associated with blockchain interoperability, offering a user-friendly experience that is both efficient and accessible.

At the heart of the Celer Network lies the CELR token, serving a dual purpose within the ecosystem. As the protocol token, CELR is integral to the operation and governance of the Celer Network, empowering holders with a voice in the network's future direction. Additionally, CELR acts as a staking token within the State Guardian Network (SGN), a critical component ensuring the network's economic and operational security. Through staking, CELR holders contribute to the robustness of the network, deterring malicious activities and supporting the smooth execution of cross-chain transactions.

Staking CELR is more than a contribution to network security; it's an opportunity for token holders to actively participate in the Celer ecosystem. By locking in their tokens, holders become part of a communal effort to maintain and enhance the network, all while earning rewards for their services. These rewards, distributed in the form of additional CELR tokens, offer a tangible return on investment, incentivizing participation and long-term commitment to the network's success.

What Should You Know about CELR?

The following table summarizes the basic information for staking CELR:

How to Stake CELR with InfStones?

Follow step-by-step staking guide below!

Step 1: Set Up Wallet

Before proceeding, please make sure that your wallet has been set up and the network is switched to Ethereum Mainnet.

Step 2: Navigating to the Staking Section

Navigate to https://sgn.celer.network/#/staking, connect your wallet by clicking the “CONNECT WALLET'' button on the upper right corner. You will be directed to your wallet for authentication. Then, locate InfStones under the name of all validators and click on it.

Step 3: Enter Desired Amount

Click stake, and then a popup will appear. Enter the amount of token you would like to delegate, and click “Delegate”. You might be directed to your wallet for authentication.

How to Claim Reward?

Please visit https://sgn.celer.network/#/rewards, which displays a dashboard indicating your staking history and reward you earned. You can claim your reward by clicking “Unlock to Claim” under the my reward section. My Delegations section shows your staking history.

How to Unstake?

Please visit https://sgn.celer.network/#/rewards. Under the My Delegation Section, click on “Unbond”. You will be prompted to enter the amount you would like to unbond, and you will be redirected to your wallet to confirm. Please note that there is an 8-day waiting period for the token to return to your wallet.

Why Staking 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.