This tutorial will guide you through the process of staking tokens (RING & KTON & Deposit) on Darwinia using the staking Dapp built by the Darwinia Dev Team.
To get started with the dashboard, navigate to staking.darwinia.network. You’ll be prompted to connect to MetaMask.
MetaMask will pop up and ask you to sign in. Once signed in, you will be prompted to select the account to connect to the Dapp and accept permissions.
Upon accepting permissions and changing the network to Darwinia, you will be redirected to the main dashboard where you’ll find details about the staking data.
Token holders can delegate a collator candidate by staking tokens and adding to the collator's stake. In return, the collator will share the rewards received from producing blocks amongst all of their delegators. For more information on reward distribution, check out our documentation on staking reward distribution.
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💡 Please Note: You will be able to stake RING, KTON, and Deposit on Darwinia.
RING18Darwinia): n/aKTONERC2018Darwinia): 0x0000000000000000000000000000000000000402
</aside>To obtain the Deposit, you need to lock your RING for a certain period of time.
To stake your tokens, you need to complete two steps. First, you must delegate a collator, and then you need to stake your tokens with them. After these two steps are done, your stake will be in effect.
For the purpose of staking operations, we will use the following account as an example:
0x807b496Bd5fa96dC9E22A43577942b2D90Dd7Ccc
If you click on the Select a collator button, the collator menu will open up and you will be able to see data for each of the collators in the active and waiting pools.
You can switch between two tabs in the staking interface: Active Pool and Waiting Pool. The Active Pool tab displays collators who are currently producing blocks and earning rewards, while the Waiting Pool tab displays collators who are not yet producing blocks or earning rewards.
To begin staking, select a collator by clicking on them. Then, follow these steps: