Dive into Mina Protocol with our guide on how to stake MINA with InfStones. In this article, we offer you a step-by-step process to stake MINA.
What Is Mina and MINA Staking?
Mina Protocol is a blockchain platform that achieves scalability through a lightweight, fixed blockchain size of approximately 22 KB. It uses zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) cryptography to verify transactions without storing the entire transaction history. Mina Protocol's native cryptocurrency, MINA, is used to facilitate network transactions and distribute fees between users.
MINA Staking refers to the process of participating in the Mina Protocol network by staking (locking up) your MINA tokens to perform various functions on the network, such as securing the network, validating transactions, and participating in the governance of the protocol.
What Should You Know about MINA?
The staking information is highlighted in the table below:
| Item | Description |
|---|---|
| Rewards Distribution Interval | 14 Days |
| Rewards Distribution Method | Rewards are automatically distributed to the staking wallet address. |
| Unbonding Period | 14-28 Days |
| Compounding | Auto compounding. |
How to Stake MINA with InfStones?
Follow step-by-step staking guide below!
Step 1: Go to Mina Staking official website
Visit the official Mina Scan website at https://minascan.io/mainnet/home. Navigate to the 'Validators' tab on the website.
Step 2: Find the InfStones validator on Minascan
In the search box, type 'InfStones' to locate the validator you want to stake with.
Step 3: Click Stake button
Once you have found 'InfStones,' click on the 'Stake' button next to the name. Then, click 'Next' to proceed with the staking process.
Step 4: Decide amount you want to stake
Now enter the specific amount you wish to stake. Then, click the "Next" button to proceed.
Step 5: Confirm your staking
Confirm your transaction to complete the staking process.
How to Get Mina Rewards?
Step 6: Open Auro Wallet
Open your Auro wallet. You can find it on Chrome extensions. Click on "Check More Transaction History." This will conveniently direct you to Mina Explorer.
Step 7: Check Mina Rewards
Within Mina Explorer, select the "Transactions" section. Here, you'll have access to a comprehensive record of all your transaction history.
How to Unstake Mina?
Unlike most staking protocols, Mina doesn't have a specific "Unstake" or "Undelegate" command. This is because Mina never locks staked funds, allowing them to be accessed at any time.
You can do any of the following to unstake/undelegate: transfer, sell, donate, redelegate to the original account, or redelegate to another validator.
If you wish to change validators, you can first open your Auro wallet and click staking and click change.
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.
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