How To Stake
Last updated
Last updated
Before we get started with staking, you need to be aware of the following important information:
You need native VANRY tokens on Vanar network for staking.
If you need to get native VANRY tokens on Vanar, refer to the How To Get VANRY Tokens on Vanar section for details.
You need to have the Vanar network added to your preferred wallet. You can refer to this section to add the Vanar network to your wallet.
There are no penalties for unstaking your tokens.
Rewards are calculated and distributed periodically (every 24 hours).
Here is the step by step guide to staked your VANRY tokens:
Visit the Vanar dPoS dApp at http://staking.vanarchain.com
Start by navigating to the Vanar dPoS platform. This is your central hub that allows you to stake $VANRY tokens, unstake your tokens and to claim the earned rewards. Here you can find detailed information on currently active validators including their APY, commission rates, rewards, and more.
Below is how the dPoS platform looks like. This is where you can browse through available validators, stake with them, check your account, view and claim your rewards etc.
Navigate to the "Staking Validators" section, where you will see a list of currently active validators. From here, you can select a validator to delegate your VANRY tokens and start earning rewards.
Please note that each validator offers different APY, commission rates, rewards, and other specific details. Be sure to review each validator's detailed information carefully before you delegate your tokens to a validator.
Once on the platform, navigate to the "Staking Validators" section, where you’ll find currently active validators. Here, you can see which validators are open for delegation, along with key details such as APY, commission rates, and rewards. Remember that each validator may offer charge different commission on the earned rewards, so it’s important to review each option carefully before delegating your tokens with any validator.
Choose the Validator you wish to support as a Delegator. Click on the "Become a Delegator" or ‘’Delegate’’ button to delegate your tokens.
After reviewing the available Validators, select one that aligns with your investment goals. Each Validator has specific terms, including APY, rewards, commission rates, and blockchain preferences. Be sure to review the details of each Validator carefully before proceeding as a Delegator. For this tutorial we will use the Vanar Community node to delegate the tokens.
Click CONNECT WALLET and select your preferred wallet provider. Options include:
MetaMask
WalletConnect
Coinbase Wallet
After selecting, connect and authorize the transaction using your wallet. Once connected successfully, your wallet address will appear in the top right corner.
To start delegating your tokens, connect your wallet to the Vanar dPoS platform. Your wallet will act as the gateway for delegating tokens and receiving rewards. Supported wallet options include MetaMask, WalletConnect, and Coinbase Wallet.
Once connected you should see your wallet address with the VANRY token balance in the top right corner:
Enter the amount you wish to delegate to the selected validator.
Carefully review and accept the Terms and Conditions by marking the checkbox if you agree.
Click on the ‘’Confirm’’ button to proceed.
Enter the amount you wish to delegate. Specify the number of tokens you want to delegate to your chosen validator.
The Vanar dPoS Terms and Conditions outline the responsibilities and requirements associated with becoming a Delegator, as well as the details regarding rewards, commission, and staking commitments. Carefully review each section to ensure you understand the terms fully. Once you’re ready and agree to the conditions, click the "Confirm" button to proceed with your delegation.
Review and confirm your delegation amount once again. If everything looks correct, click on the "Stake" button to complete the process.
Take a moment to review and confirm your delegation amount. This is your final opportunity to ensure that the number of tokens you’re delegating aligns with your intended commitment. Ensuring accuracy at this step is essential, as adjustments may not be possible immediately after confirming. If everything is correct and you’re ready to proceed, click on the "Stake" button to submit your delegation and start earning rewards.
A pop-up window will appear from your wallet for final confirmation.
Review the amount and estimated gas fee, then click "Confirm" if everything is correct.
Your connected wallet will prompt you to review the staking transaction details, including the amount of tokens you are staking and the estimated gas fee. This step ensures that you’ve double-checked everything before confirming the transaction on the blockchain. Once confirmed, the transaction becomes irreversible, so it’s important to carefully review the data!
Wait for the transaction to be processed.
Once confirmed, you will be redirected to "My Account" section.
The blockchain will now process your staking transaction. Depending on the network's congestion, this may take a few seconds. Once the transaction is confirmed by the network, your tokens will be successfully staked, and you’ll see a confirmation message like below.
Once the transaction is confirmed you will be redirected to the "My Account" section where you will see the list of validators you have delegated your tokens with.
You can view your staked (Delegated) tokens under the "My Account" section.
Track your earned rewards here, and unstake your tokens whenever needed.
View your detailed history here, including actions like staking, unstaking, claiming rewards, and reclaiming your staked tokens.
Here, you can track your earned rewards and manage your delegation. You’ll be able to monitor your accumulated rewards in real time and see how your chosen validator is performing. Additionally, if you decide to end your delegation, you can easily unstake your tokens from this same interface.
In the transaction history, you can view all your past transactions.
These transactions are organized into following 5 sections:
All Transactions - Shows all transactions without any filter.
Stake: Displays transactions related to staking (delegating) your tokens. The action/status is marked as "Staked."
Unstake: Shows transactions related to token unstaking. It shows a timer showing the cooldown period left before you can claim your unstaked tokens like:
When your unstaked tokens are available to be claimed, you will see a 'Claim Now' button that helps you to claim them:
Claim Stake: Shows the transactions for the unstaked tokens you have claimed.
Claim Rewards: Shows the transactions for the rewards that you have claimed.
There are multiple ways you can get VANRY tokens on Vanar network.
You can use one of the following centralized exchanges to buy the VANRY tokens:
MEXC
LBank
Gate
Bitget
AscendEX
Hotcoin
CoinEX
Once you have tokens in your preferred centralized exchange wallet, you can withdraw them to the Vanar network using the withdrawal method available in the exchange app. Below is an example of how this process looks in the MEXC app on an iPhone. Make sure you select the Vanar network when withdrawing. Once the transaction is completed, you should be able to see the VANRY tokens in the wallet that you provided for the withdrawal.
You can also use a DEX to swap your USDC for VANRY on the Vanar network. Auriswap is a third-party DEX that can be used for this purpose.
If you don’t already have USDC on Vanar, you can always bridge it using your preferred bridge. Refer to the next section to learn how to bridge USDC or VANRY.
If you have VANRY tokens in your ERC-20 wallet on Ethereum, you can bridge them using one of the available bridges, such as the Nitro Bridge. Simply select Ethereum as the source network and Vanar as the destination network to transfer your VANRY tokens. Once the transaction is completed, you should see the native VANRY tokens in your respective wallet address. Here is the link to the Nitro Bridge: https://routernitro.com/
Reference screenshot of the bridge:
