How to stake TLOS: A simple guide with FAQs
Written by Yknot Blockchain Solutions
Updated at January 19th, 2022
TLOS is the native coin of the Telos Blockchain. You can stake your TLOS coins and earn interest/returns/profits automatically compounded every 30 minutes. The rewards come from a community reserve and are distributed to those who stake their TLOS to REX.
The process to stake TLOS to REX is simple. You need to have TLOS on the Telos Blockchain to start.
If you don’t have a Telos account, follow these simple steps.
There are multiple interfaces to stake TLOS. This article shows the process to stake using the most preferred method.
Staking Using Staker
Staker is the simplest platform to stake TLOS to REX.
Supported wallets/signers: Anchor, Wombat
The process to stake TLOS to REX is as follows:
- Go to https://telos.staker.one
- Select the wallet you are using
- Connect your wallet - Supported wallets/signers: Anchor, Wombat
- Scroll down and click ‘MANAGE RAM’ under resources. Enter a small amount of TLOS (0.5-1 TLOS recommended), click on ‘Buy RAM’ and approve the transaction from your wallet/signer.
- Scroll down to the ‘Stake TLOS’ window
- Enter your Telos address and the amount of TLOS (0.1-0.5 TLOS each recommended) under ‘CPU stake amount’ and ‘NET stake amount’.
- Important Note: This is not the staking done for earning rewards. Stake only the recommended amount. Staking REX resources will enable you to perform most of the actions on Telos. You do not need to do this again when you stake to REX in future.
- Click ‘Stake’ and approve the transaction from your wallet/signer.
- Scroll back to the top of the screen and click ‘Start Earning’. You will be redirected to the page where you can stake your TLOS and earn passive income.
- Enter the amount of TLOS you wish to stake and click on ‘Start Earning’ and approve the transaction from your wallet/signer.
Staking complete.
How do you unstake?
You can unstake any time after a minimum of 4 days.
Click ‘Return Funds’ to unstake.
Frequently Asked Questions:
How do I create a free Telos account ?
If you don’t have a Telos account, follow these simple steps.
What is REX and what does it mean to stake TLOS to REX?
REX is Resource Exchange. It meant lending and borrowing resources such as CPU and NET, but is now a means to earn rewards.
Where do the rewards for staking come from?
A community reserve pays for various purposes which include REX staking.
Is staking to REX 100% risk-free?
Yes, you are guaranteed 100% of your initial staking amount in TLOS.
Is the rate of interest/apy fixed?
No, an allocation is set to REX rewards pool from the community reserve. The rewards/apy you get depends on the total number of TLOS staked to REX and on the reward pool.
Are the rewards automatically compounded?
Yes. TLOS starts to compound after a once-off stake.
Can I unstake anytime?
Yes, a minimum of 4 days after staking.
I have my TLOS on Trustwallet/Metamask on Ethereum/BSC. How can I stake?
Use this platform to bridge your TLOS to the Telos Blockchain: https://dapp.ptokens.io.
Access a complete guide on how to bridge TLOS here.
The wallet I’m using is not supported. How can I stake?
If your wallet has staking built-in (like SQRL), you can use that functionality. The other option is to import your telos account on a supported wallet using the private keys, and then stake.
Customer support article by:
Khushal &
Yknot Blockchain Solutions
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