FAQ

What is staking?

• Staking locks coins with selected validators who help secure protocols. By staking, users can receive staking rewards for contributing to protocol security, but are also subject to slashing (penalties) if their selected validators underperform or misbehave.

How is the reward rate calculated?

• Reward rates are calculated with the following formula: (issuance rate / total value staked) of the past 7 days.

Are the rewards compounded automatically?

• No. To compound your rewards, you should claim your rewards and stake them.

I have already staked using another platform (wallet, explorer or dashbarod). Where can I see my existing staking positions?

• At the moment, we only track staking done from Staking.xyz. We'll soon add a feature where you can import existing staking positions into Staking.xyz. Stay tuned!

How is Staking.xyz different from using Keplr or Leap?

• Keplr and Leap are both wallets that users can use to manage their assets on Cosmos based protocols. They both offer ways to directly stake on these supported protocols. However, users will need to make their own decisions on which validators to choose and how they monitor their staked positions.

• Staking.xyz is a platform focused purely on staking with some added features that improves and simplifies the staking experience. You can check out our docs to see the full list of features we support. On top of these additional features, Staking.xyz will support protocols outside of the Cosmos ecosystem as well.

What fees does Staking.xyz charge?

• Staking.xyz does not currently charge any fees. We may charge fees at a later date, but will provide multiple notices in advance of any changes.

Is Staking.xyz non-custodial?

• Yes. We are a non-custodial platform. We value your autonomy and ownership of your assets. We will never ask for your private key or access to your funds.

How is Staking.xyz different from liquid staking protocols (LST), like Stride or Milkyway?

• Liquid staking protocols (LST) issues a token that represents your staked positions. This way, you are able to move your funds around even if they are staked. This does come with some added risk, especially from smart contracts being used.

• Staking.xyz does not use any smart contracts. It introduces the benefits of LSTs, like validator optimization, diversification, and stake monitoring, to native staking. To learn more about LSTs vs native staking, please read through our blog post on this issue.

Will Staking.xyz have a token?

• No. We do not have plans to issue a token. We are focused on our key mission of making staking easier for everyone.

What are some other useful tools and products to reference before staking?

• Here is a few tools and products dedicated to staking that we find useful.

  • Staking Rewards: An explorer for crypto staking. They offer the latest reward rates and total value staked (TVS) across more than 80 protocols.

  • Rated: Reputation for machines (validators). They offer in-depth insight into validator performance on Ethereum, Polygon and more.

I have a problem when using Keplr mobile wallet to connect with Staking.xyz.

• We are aware of a bug that occurs when trying to connect with Staking.xyz using Keplr mobile wallet's browser. We are working with Keplr's team to resolve this issue. In the meantime, please use other browsers (Safari, Chrome, or Brave) to use Staking.xyz.

Why can I not stake more to my existing Aleo staking position?

• Aleo has a special feature where a validator can choose to open or close itself from external stake. While we don't expect this to happen often, there could be an extremely rare case where a validator chooses to close itself after being open for a long period. In this unlikely scenario, existing stakers will have to unstake and use a new validator to stake more tokens.

Why do I need to wait 1 hour to stake more to my existing Aleo staking position?

• If an Aleo validator has made any unstaking requests, stakers are not able to stake to that validator until the unbonding period (approximately 1 hour) has been completed. This is an extremely rare scenario and should not occur frequently.