How do I stake ICX?

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

Contents


ICX 101: the things you need to know before staking your tokens

  • You’ll have to pay a network fee every time you want to stake, claim some rewards, vote, revote, or unstake your ICX. Make sure to leave some small ICX amount (that is, at least 0.3) 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?
  • 0.9 ICX 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 exchange, 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 ICX deposit will be frozen throughout the staking period. Your ICX 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 exchange them. 
  • Unstaking takes 7 full days. Once you click or tap the Unstake button, your deposit will be frozen for 7 more days. After the unstaking period is over, your coins will be deposited to your address. Your ICX won’t be earning any interest over the waiting period.
  • To start ICX staking there should be two transactions performed: staking and voting. Usually, both transactions are performed by clicking the button Stake as instructed. Sometimes voting doesn't happen automatically and you will have to vote manually. More about it below

How to stake ICX in your Atomic Wallet app

  1. Click Staking on the left sidebar;
  2. Select ICX
  3. Click  Stake ICX
  4. Decide on the amount to stake;

    Tip: We strongly recommend not to stake all your ICX, as you won't be able to unstake your deposit later on otherwise.

    You'll be charged a network fee by the Icon blockchain for both staking and unstaking your deposit. The staking fee will automatically be deducted from the amount you're staking. We'd suggest you leave the same amount on your balance so that you can pay the fee once you decide to unstake your ICX. 

  5. Choose a validator. Atomic Wallet's validator is selected by default;

  6. Once you're all set, click Stake;

  7. Enter your password and click Confirm

  8. That's it, your ICX deposit is now staked!

  9. Now, go back to Staking ICX and make sure the Vote button is inactive. To start ICX staking there should be two transactions performed: staking and voting. Usually, both transactions are performed by clicking the button Stake as instructed. However, there might be an issue with voting. In this case, you have to manually click on VOTE in the interface;

  10. Now your ICX should be 100% staked!

  1. Select the Staking tab in the bottom panel; 

  2. Tap ICX

  3. Tap 'Stake';

  4. Decide on the amount to stake;

    Tip: We strongly recommend not to stake all your ICX, as you won't be able to unstake your deposit later on otherwise.

    You'll be charged a network fee by the Icon blockchain for both staking and unstaking your deposit. The staking fee will automatically be deducted from the amount you're staking. We'd suggest you leave the same amount on your balance so that you can pay the fee once you decide to unstake your ICX. 

  5. Choose a validator. Atomic Wallet's validator is selected by default;

  6. Once you're all set, click Stake;
  7. Enter your password and click Confirm;
  8. That's it, your ICX deposit is now staked! 
  9. Now, go back to Staking ICX and make sure the Vote button is inactive. To start ICX staking there should be two transactions performed: staking and voting. Usually, both transactions are performed by clicking the button Stake as instructed. However, there might be an issue with voting. In this case, you have to manually click on VOTE in the interface;
  10. Now your ICX should be 100% staked!

ICX staking rewards

The rewards are distributed on a daily basis. You should manually claim your rewards by clicking on the 'Claim' button in the staking interface.

     

Please note, claiming is a regular transaction on the blockchain. You have to have a small amount of ICX available to pay the network fee for claiming transaction.

How to unstake your ICX

Your coins will be frozen for approximately 7 days after you click to Unstake them. They will be shown as 'Pending withdrawal' or 'Unstaking' and then automatically appear on your balance. You can only unstake the whole balance. 

How to revote

You can change the validator without unstaking your ICX. Simply click on Revote and choose a different validator. 

Important note regarding voting

To start ICX staking there should be two transactions performed: staking and voting. Usually, both transactions are performed by clicking the button Stake as instructed. However, there might be an issue with voting. In this case, you have to manually click on VOTE in the interface. 

After you stake, please check that your coins are staked correctly. If Vote button is active, you have to click on it, otherwise, the staking won’t start.

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