Overview

Tezos Staking Overview

This feature is currently available on demand. Please contact your Technical Account Manager for more information

Introduction

The Tezos blockchain relies on a Proof-of-Stake protocol. Token holders can delegate their Tezos accounts to a validator to secure the network on their behalf. XTZ holders earn the staking rewards generated minus the validator’s fees.

Before you start

Mind the staking rule defined in the account. Go to Accounts > Account dashboard.

• Operators can only create a delegation transaction if they are among the creators of the staking rule.

• Operators can only approve a delegation transaction if they are part of the staking rule’s approval workflow.

Instructions

Step 1: Initiate the creation of a delegation transaction

Go to the dashboard of your Tezos account. Click the Delegate my account button in the Delegation section to initiate the creation of a delegation transaction.

Step 2: Select the validator

Our staking partner Kiln is preselected as the validator which you delegate the account to. Press continue.

Step 3: Set the fees

Set the fees for the delegation transaction (see Transactions for details about Tezos transaction fees & speed)

Step 4: Confirm the transaction request

1. Review the summary of the transaction.

2. Click Create transaction .

3. Verify that the information displayed on your device is accurate. If it's not, either try again or contact Support, but do not confirm the transaction .

4. Tap Confirm . when prompted by your device to confirm.

Step 5: Results

A delegation transaction request has now been created. Depending on the approval workflow defined by the account’s staking rule, the request might need to be approved by other Operators.

Go to the account's details page (Account > Account dashboard > Rules) to review the approval workflow.

The pending transaction will be blocked if an Operator in the approval workflow who has approved the request is revoked.

Once the request is approved and the delegation transaction broadcast and confirmed on the Tezos blockchain, the delegation section of the account dashboard will show the delegation and how long it has been active.

Please note that after the delegation transaction is confirmed on chain, it takes 8 cycles (around 23 days) for the stake to be approved and the validator to start paying rewards. Rewards will then be paid every cycle (around 3 days).

If you stake any additional XTZ afterwards on the account, that amount will also need to wait around 23 days before earning rewards.

Revoking the delegation of a Tezos account

Before you start

Mind the staking rule defined in the account. Go to Accounts > Account dashboard.

• Operators can only create an end delegation (UNDELEGATE) transaction if they are among the creators of the staking rule.

• Operators can only approve an end delegation transaction if they are part of the staking rule’s approval workflow.

Instructions

Step 1: Initiate the creation of an end delegation transaction

Go to the dashboard of your delegated Tezos account. Click the End button in the Delegation section next to the active delegation which you wish to revoke.

Step 2: Select the validator

Our staking partner Kiln is preselected as the validator whose delegation you wish to revoke.. Press continue.

Step 3: Set the fees

Set the fees for the end delegation transaction (see Transactions for details about Tezos transaction fees & speed)

Step 4: Confirm the transaction request

1. Review the summary of the transaction.

2. Click Create transaction .

3. Verify that the information displayed on your device is accurate. If it's not, either try again or contact Support, but do not confirm the transaction .

4. Tap Confirm . when prompted by your device to confirm.

Step 5: Results

An end delegation transaction request has now been created. Depending on the approval workflow defined by the account’s staking rule, the request might need to be approved by other Operators.

Go to the account's details page (Account > Account dashboard > Rules) to review the approval workflow.

The pending transaction will be blocked if an Operator in the approval workflow who has approved the request is revoked.

Once the request is approved and the delegation transaction broadcast and confirmed on the Tezos blockchain, the delegation section of the account dashboard will be cleared.