How do I stake NIBI?

Stake your NIBI with Atomic Wallet to earn interest on your deposit! Here, we'll guide you through everything you need to know to stake your NIBI and earn rewards. 

Contents

Getting started with staking

Staking looks pretty straightforward—instead of just keeping your NIBI deposit on your balance, you're choosing to stake it and earn interest. Where does the interest come from, though? 

By delegating your NIBI to a validator of your choice, you're expressing your trust in them, which makes them more powerful on the Cosmos blockchain. As validators get paid for confirming blockchain transactions, they in turn pay back to those who supported them. That's how you earn your rewards!

By staking your NIBI in Atomic Wallet, you're choosing us as your validator.

NIBI 101: the things you need to know before staking your coins

First reward On the first day
Regular rewards Daily
Yearly yield 80%
  • You’ll have to pay a network fee every time you want to stake, claim some rewards, or unstake your NIBI. Make sure to leave some small NIBI amount (that is, at least 0.025) on your available balance, so that you can pay the fees. Otherwise, you won’t be able to either claim your rewards or unstake your coins. For more details about the network fees, see Does Atomic Wallet charge any additional transaction fees?
  • A small amount of NIBI (three times the amount of the network fee) will be reserved on your address for future fees for claiming/unstaking transactions when you stake. That means that these funds are still on your address and are available to send away or swap, but are not available for staking. It is done in order to avoid a situation in which you accidentally stake all of your funds and are unable to unstake your coins or claim your rewards.
  • Your NIBI deposit will be frozen throughout the staking period. Your NIBI will be delegated to a staking pool, which means that these coins won’t be counted towards your total balance. Also, you won’t be able to transfer or swap them. 
  • Unstaking takes 21 full days. Once you click or tap the Unstake button, your deposit will be frozen for 21 more days. After the unstaking period is over, your coins will be deposited to your address. Your NIBI won’t be earning any interest over the waiting period.
  • Beware of the risks. The main caveat to NIBI staking is the ‘Hard Slashing’ model used by the developers. If the validator goes down, gets hacked, or turns out to be guilty of fraud, the entire staking fund gets slashed. For you, that means a risk of losing all your staked coins. We take great care to only offer trusted & highly reliable NIBI validators for staking in Atomic Wallet, so your funds are safe by us. Still, it's important to keep the risk in mind.

How to stake NIBI in your Atomic Wallet app

  1. Click Staking on the left sidebar.
  2. Select NIBI.
  3. Click Stake.
  4. Click the Stake button.
    Before proceeding, please note that there's no way to cancel the staking transaction, and unstaking takes 21 full days in case of NIBI. That's the way the blockchain itself operates, which means we won't be able to speed the process up for you.
  5. Success! Your NIBI deposit is now staked, so relax and wait for your first rewards to arrive. You can click the hash of your staking transaction to track it on the block explorer. 
  1. Select theStaking tab in the bottom panel and tap NIBI.
  2. Tap the Stake button.
  3. Set the amount of NIBI you want to stake and decide which validator you want to trust your coins with. Tap the Stake button to proceed.
  4. Take note of the waiting period disclaimer before tapping the Confirm button.
  5. Voila, your NIBI deposit is now staked! Relax and wait for your first rewards to arrive.

Rewards

You'll need to claim your NIBI staking rewards manually. Since claiming is a regular transaction on the blockchain, the blockchain will charge you a network fee for it every time. The fee will be taken from your available balance, not the staking deposit. 

 Click the Claim button to claim your rewards. The button will get highlighted once there are any rewards available.

How to unstake your NIBI

Note: Unstaking takes 21 days on the blockchain.

Select the Unstake button to initiate unstaking. 

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