Launching today, this staking service is for validators who want to power the Incognito network to earn block rewards, without needing to maintain their own virtual node.
If you’re looking for instructions on how to run your own virtual node, please refer to this tutorial. This topic is about how to use the staking service in the Incognito app.
How to stake
1. Download the Incognito app.
Once you have the application,
2. Open the Provide tab from your home screen and tap ‘Provide more’.
You will see 3 options for staking PRV, with anytime withdrawal, 6-month, or 12-month terms. Choose the term and APY that works for you then enter the amount you would like to stake (There is no maximum and minimum is 1 PRV.)
3. To view the details of your fixed-term stake, tap on the View details button.
You’ll see the amount staked, rewards accrued, time remaining, and APY selected.
4. To withdraw your stake and rewards, tap the Withdraw button.
When your term ends, both rewards and stake will be moved to your ‘anytime’ PRV balances, and be available to withdraw.
Already providing PRV?
The anytime withdrawal option remains. If you’d like to change terms, simply tap on the “Migrate” button.
The staking service goes live today. We will be making improvements to the interface in the coming days, so please share your thoughts and suggestions.