Stake $VLX to maximize your profit opportunities

Learn how you can start staking $VLX through Velas blockchain capacities to get more profits from investments.

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Staking requires fewer resources. Compared to crypto mining, staking is much more resource-efficient, which should help you have a better sleep at night.

Flexibility. You have complete control of your tokens, and you are able to start or stop staking whatever you need.

More energy-efficient. Compared to mining, staking consumes much less energy; as a result, the environmental effect is substantially reduced.

Velas Wallet is a secure, easy-to-use and completely free application to manage your cryptocurrency.

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Watch video and get started

Velas Wallet has a user-friendly staking feature that allows all token holders to safely keep and stake the Velas token ($VLX). Create your Velas Wallet account, add $VLX, and allocate the amount you wish to stake. Maximize your ROI and get staking rewards on a monthly basis.

Q&A about staking in Velas Wallet

How to delegate/undelegate and claim the rewards in Velas Wallet?

Please, refer to this guide to learn more about the process of staking and rewards in Velas wallet

How many % of reward can I earn with staking?

Current APR varies from 9.7 to 11%. To find out more info, please read this tiny article.

How to choose the validator?

There is no ideal formula for that. However, there are few “hints”

  • The lower % of commissions the higher chance you will receive more reward
  • he larger the Validator stake, the more likely it will be chosen as a validator and receive a reward

When will I receive my reward?

Each reward is distributed when the epoch is over. To find out when exactly you will receive your reward you can in our Native explorer - epoch progress and epoch time remaining.

What does it mean 'Validators commissions'?

Validators can set a commission fee in the protocol. This percentage is the proportional cut that validators receive from the delegated stake for operating the node infrastructure on behalf of token holders.

A 100% commission / fee means you get 0% of your earnings on your staked VLX.

A 0% commission / fee means you get 100% of your earnings on your staked VLX.

How long does the 'Cool-down period'?

Time for your stake to become liquid after you stopped staking: ~ 2 days. To read a detailed explanations about cooldown and warm up, please check the following article.

How many tokens are required to stake VLX?

To stake VLX you need minimum of 2 VLX to be on the balance.

How long does the 'Warm-up period'?

Time until your stake starts earning rewards: ~2 days. To read a detailed explanations about cooldown and warm up, please check the following article.

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Become a validator

Validators can get maximum rewards from the staking feature. The DPoS (Delegated Proof-of-Stake) model provides an opportunity for delegators to “vote” for potential validators by staking tokens on them and increase their chances of becoming validators. To create a pool, you must first install a node (a node can be installed from the Staking Page in a wallet) and then stake on your pool. The total stake amount of a candidate on their own pool cannot be less than the candidate’s minimum stake (1M VLX). After a new active pool is created, the candidate can be selected as a validator at the beginning of the next staking epoch to start receiving rewards.

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Q&A about staking on DEXs

Why do you always need to do your own research?

Take time to thoroughly research the exchange you're considering. What do other users say about the exchange? What does the exchange say about itself? Have there been issues with security in the past? If so, how has that exchange addressed those problems?In your search, dig deep and look for potential negative stories that the exchange may have.

How does staking work?

Staking locks up your assets to participate and help maintain the security of that network’s blockchain. In exchange for locking up your assets and participating in the network validation, validators receive rewards in that cryptocurrency known as staking rewards.

How to avoid scammers?

Just keep in mind when searching for digital currency exchanges and when considering any aspect of cryptocurrency investing that scams and frauds are out there, and they can have a very real impact on individual investors. Look for the physical address associated with the exchange. If there is no address readily available, you should not use the exchange.

Can Velas help to solve exchange problems?

The Velas team and company are not responsible for third-party exchanges and wallets. You have to reach out to the support center and team on a particular exchange or wallet where problems are caused.

Which types of exchanges exist?

There are Centralized Exchanges or CEXs (organizations that coordinate cryptocurrency trading on a large scale, using a similar business model to traditional asset exchanges like stock exchanges) and Decentralized Exchanges DEXs (s a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary. Many popular DEXs, like Uniswap and Sushiwap, run on the Ethereum blockchain.)

How to protect your account?

There are many kinds of security protection to save your crypto:

  • Back-Up Your Seed Words Properly (set of seed words — also called a “secret recovery phrase” or “master key” — is a series of words that can be used to cryptographically derive all your account keys. You can use your seed words to recover your accounts if your device crashes. Anyone who has access to your seed words has access to every account tied to these words.)
  • Use Two-Factor Authentication for Your Exchange (One of the easiest things you can do to help thwart these attacks is to first make sure you purchase your crypto safely and then turn on two-factor authentication (2FA) for withdrawals in your exchange app.)
  • Use a Strong Password to Protect Your Crypto
  • Use a Different Password for Your Wallet
  • Don’t Enter Your Seed Words on a Website

Need Help?

Still have questions? Join our global community on Telegram or Discord to get support from pro users, traders, and investors.