Secure the Avail Network and Earn Rewards with Staking
Avail DA, the pioneering modular data availability layer, empowers you to contribute to its security and stability while earning rewards. This guide explores the world of Avail staking and equips you to participate.
Staking Explained
Avail nominating, also known as staking or delegating, is a core aspect of the Avail network. By staking your AVAIL tokens, you essentially choose validators to safeguard the network and earn rewards. These validators produce and validate blocks, directly impacting network reliability.
Avail Staking Dashboard: Staking with Ease
The Avail Staking Dashboard offers a user-friendly interface for staking your AVAIL. Here, you can nominate validators like Ruby Nodes, our dedicated validator actively contributing to the Avail ecosystem since the testnet. When nominating Ruby Nodes, you contribute to a robust and secure network, while simultaneously earning staking rewards.
How to Stake AVAIL?
- Set up a wallet that supports staking. There are several wallets that support staking on Avail, including Talisman, SubWallet, Ledger or Polkadot JS wallet. Choose the one that best fits your needs and preferences. Choose the one that best suits your needs and preferences, but we prefer Talisman as it has many important features.
- Transfer your AVAIL tokens into your staking wallet. You’ll need to send your AVAIL tokens from your exchange or other wallet to your staking wallet.
- Browse to the Avail Staking Dashboard website. https://staking.avail.tools/#/validators
- Connect your wallet
- Choose a validator or nomination pool to stake with. In the search bar, look for your favorable validator — you can use a bunch of filters such as avoiding those with 100% commission etc. In Avail, you can nominate up to 16 validators, and we recommend that you nominate multiple validators, simply because it increases your chances of earning rewards by avoiding oversubscription and validators who are not currently in the active set.
- Earn rewards of approx 22% APR. Nowadays, AVAIL staking rewards are 22.53% resp. 21.29% after commission. If you’ve successfully staked your AVAIL tokens, you’ll start earning rewards proportional to the amount of tokens you’ve staked. There is a 28-day unbonding period, so plan ahead when you will want to unstake your AVAIL tokens.
Additional Staking Options
While Avail Staking Dashboard is our preferred option, also lets you explore other staking avenues:
- Nomination Pools: These pools aggregate individual stakes, offering smaller stakeholders a chance to combine their resources and increase their chances of earning rewards.
- Avail Explorer: For more technically advanced users, directly staking via Avail Explorer is also an option.
Staking Reward Payout
When you stake your AVAIL, rewards are not immediate. Your stake becomes active in the era, which is currently 24 hours, following your staking action. Rewards then begin accruing in the subsequent era, with the first payout occurring in the era after that. Essentially, rewards are distributed two eras after staking.
Start Securing Avail and Earn Rewards Today. With Ruby Nodes Validator!
With Avail staking, you become an active participant in the network’s security and governance. By nominating validators like Ruby Nodes, you contribute to a robust Avail ecosystem while earning well-deserved rewards. Head over to the Avail Staking Dashboard today and embark on your staking journey!
