Moonbeam and Moonriver Staking
This tutorial will help you understand the process of GLMR/MOVR staking in Fearless Wallet
Last updated
This tutorial will help you understand the process of GLMR/MOVR staking in Fearless Wallet
Last updated
Go to the Staking tab and make sure Moonbeam is selected at the top of the screen. Afterward, select the amount you'd like to stake by clicking on the Amount box under the Estimated Earnings section. Proceed by clicking on the Start staking button
On the next screen you'll see the Amount of your stake, Network fee you'll need to pay, and the rewards destination section . Make sure everything's correct before pressing the Continue button
Now you need to select a Collator for your stake. Do that by clicking on the corresponding button
The Collators section gives you two options:
Collators suggested by the algorithm will show a list of those that are better reputable and more profitable as well as most trustworthy (this list can change over time)
Stake with known collators section will show you the list of all available collators, you will be able to filter or search the list based on different criteria.
Make sure to do your own research before delegating, then choose what suits you best
After you have selected your collator and pressed Continue, you will get a confirmation window that will provide you with a summary of your reward payout selection, and the collator you've chosen. Review the network fee and if you're happy with it, press Confirm
After confirming, you will be returned to the main staking screen where all the details about your stake will be displayed. Now you're welcome to either manage your stake (in case you'd like to change its amount), or also change your collator (if you're not happy with your current choice)
If you click on Your stake section, you'll be able to manage your stake by either changing your stake amount on the Staking balance tab, or by selecting a new collator on the Your collator tab
If you decide to change the amount of your stake or just review the details of your current staking balance, click on the Staking balance option
If you'd like to check your collator info or select another collator for your stake, click on the Your collator option
If you return to the main staking screen, you'll see the Analytics section. It consists of a chart that shows you the amount of rewards you got in the last 7 days
Once you click on this section, it will show you some of the additional timeframes for the chart (i.e. 30D / 1Y / ALL) as well as your reward history
It is this simple to stake fearlessly! #StayFearless
