Stake Your IOTX

What is Staking?

Staking involves IOTX Token Holders "delegating" their tokens to one or more of the 100 IoTeX "Delegate Nodes" to support the operations, security and decentralization of the IoTeX blockchain. In return for this action, stakers earn additional IOTX tokens over time, generating an opportunity for passive income. This mechanism is pivotal in the IoTeX consensus algorithm, to securely validate transactions and create new blocks in the blockchain.

Please note that delegating your tokens to a delegate node results in depositing them into the blockchain itself; under no circumstances will your tokens be transferred to the delegate. You will maintain exclusive control over your deposit at all times.

Learn more about IoTeX staking by exploring the details in this dedicated blog.
Interested in becoming an IoTeX Delegate? Explore the Delegate Docs.

Native Staking

Native staking happens interacting with a dedicated, protocol-level staking mechanism, which means it operates at the core layer of the blockchain without the need for additional smart contracts.

Why Choose Native Staking?

This option offers complete flexibility concerning the amount you choose to stake, the lock time, and the Stake-Lock options. Additionally, it allows you to increase the deposit of existing stakes at a later time, and it incurs a lower fee for any staking action.

Staking as NFT

NEW !

Staking as NFT introduces Non-Fungible Tokens (NFTs) to represent your staking deposits. In this mechanism, when you stake your tokens, you receive an NFT that signifies ownership and details of the staked amount and lock options.

Why Choose Staking as NFT?

Staking as NFT enables participation in Liquid Staking or other DeFi applications and unlocks the potential to earn additional passive income. Furthermore, you have the option to liquidate your stake in an NFT marketplace if you prefer not to wait for the lock period to conclude.

Opt for this option when your staking deposit aligns with one of the fixed amounts of 10k, 100k, or 1M IOTX, and you are willing to lock your deposit for at least 91 days.

FAQ

What is the difference between native staking and staking as NFT?

Stake Amount & Duration
Native Staking: The stake amount needs to be more than 100 IOTX, and the stake period can be any time from 1 to 1050 days.

Staking as NFT: Only three fixed amounts of 10k, 100k, or 1M IOTX for choose, and the stake time is fixed at 91 days.
Stake-Lock
Native Staking: You can choose whether to enable Stake-Lock during the process of creating a stake.

Staking as NFT: Stake-Lock is enabled by default, but you can go to Stake-Lock to edit status once the NFT bucket is created.
Stake Result
Native Staking: You can get corresponding voting powers and rewards based on your stake amount & duration.

Staking as NFT: In addition to voting powers and rewards, an NFT which is tradable on NFT marketplace will be generated once the NFT bucket is created.

Can I use existing Native staking buckets to create new NFT buckets?

Users can certainly wait for their staking bucket to expire and then reinvest via Staking as NFT. However, the protocol currently does not a support transferring native staking bucket into NFT buckets due to several complexities related to implementation of this feature. We realize this is a pain point for our users who already have native staking buckets. We are looking into several options for what we can do for our native staking bucket holders.

How to redeem my NFT buckets, and how will the NFT generated after redemption be processed?

First, you need to turn off the Stake-Lock. Second, you need to wait for the stake duration to expire. Then, you will be eligible to unstake your NFT buckets. And after waiting for three days, your stake amount and rewards can be withdrawn. Once your NFT buckets are unstaking, the corresponding NFT can no longer be traded or transferred. And once you withdraw your funds, the NFT will be burned.

How are the rewards from my NFT buckets distributed?

Same with Native Staking, the rewards from NFT buckets also include staking rewards and burndrop rewards. And due to the default stake duration being 91 days, you will keep receiving burndrop rewards as long as the Stake-Lock is enabled.

Will my NFT bucket be transferred to the buyer when the generated NFT is sold on the NFT marketplace?

Yes, the NFT bucket and the generated NFT correspond to each other, and you will find that they have a common number. Besides, you can only transfer NFT buckets by transferring the corresponding NFT.

Note: NFT cannot be sold when the Bucket Status is Unstaking.

With about the same rewards, why would I choose Staking as NFT?

Different from Native Staking, if you prefer not to wait for the lock period to conclude, Staking as NFT makes you have the option to liquidate your stake by listing the NFT on the NFT marketplace. Just pay attention to the listing price to avoid losses.

In addition, IoTeX is currently collaborating with third parties on Liquid Stake, and once it is ready, users participating in Staking as NFT will receive additional benefits. Please stay tuned for more details.

What if I don’t have enough IOTX for Staking as NFT?

Thanks to our partner mimo, you can now get IOTX through multiple channels.