Staking
How to Stake Native Evmos (EVMOS) and Earn Rewards Using Trust Wallet
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In Brief
Learn how to earn rewards for staking Native EVMOS (EVMOS) using Trust Wallet.
EVMOS, a key player in the blockchain ecosystem, offers an opportunity for those looking to earn rewards and contribute to network security through staking. With Trust Wallet, you can easily stake EVMOS tokens, leveraging a user-friendly platform to enhance your participation in the EVMOS network.
This guide will walk you through the process of how to stake EVMOS using Trust Wallet. From downloading Trust Wallet, to managing your staked tokens, you’ll find everything you need in this guide to stake EVMOS.
Before You Get Started
Remember that you can use Trust Wallet as your secure crypto wallet. Buy, sell, swap and stake crypto all in one place.
Trust Wallet also lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.
What is EVMOS Staking?
EVMOS staking involves delegating your EVMOS tokens to validators within the EVMOS network, which helps secure the blockchain and maintain its operations. When you stake your EVMOS tokens, you’re contributing to the network’s security and participating in its governance and earning rewards.
Benefits of Staking EVMOS
When you stake EVMOS tokens, you can enjoy several benefits:
Earn Rewards: Staking EVMOS provides you with the opportunity to earn rewards in the form of additional EVMOS tokens. Your rewards are typically derived from transaction fees and block rewards distributed by the network.
Participate in Governance: Staking gives you a voice in the governance of the EVMOS network. You can vote on important network decisions, such as protocol upgrades and changes to network parameters.
Support Network Security: By staking your EVMOS tokens, you help secure the network against malicious attacks and ensure its stability and reliability.
Why Choose Trust Wallet for Staking EVMOS?
Trust Wallet is an excellent choice for staking EVMOS because of its robust features and user-friendly interface, which make the staking process straightforward and secure. As a non-custodial wallet, Trust Wallet ensures that you retain full control over your private keys and assets, enhancing the security of your staked tokens.
User-Friendly Interface
Trust Wallet’s intuitive design simplifies the staking process, making it accessible for both beginners and experienced users. With just a few taps, you can easily stake, manage, and track your EVMOS holdings directly within the app.
Comprehensive Security
Trust Wallet prioritizes security with features such as private key control and encryption, ensuring that your assets are protected from unauthorized access. Additionally, the wallet regularly updates its security protocols to safeguard against emerging threats.
Convenient Staking Management
Through Trust Wallet, you can monitor your staking rewards, check the performance of your chosen validators, and make adjustments to your staking preferences without leaving the app. This comprehensive management capability provides a seamless experience for optimizing your staking activities.
Broad Cryptocurrency Support
In addition to EVMOS, Trust Wallet supports a wide range of cryptocurrencies and blockchain networks. This versatility enables you to manage and diversify your crypto assets from a single platform, streamlining your overall portfolio management.
Key Details for Staking EVMOS Using Trust Wallet
Minimum Amount to Stake EVMOS
To start staking EVMOS using Trust Wallet, you need to stake a minimum of 1 EVMOS. This threshold is designed to be accessible for a range of users, enabling both newcomers and seasoned participants to engage in staking with manageable amounts.
Lockup Period
When you stake EVMOS, your tokens are subject to a lockup period of 21 days. During this time, your staked EVMOS cannot be transferred or used for other transactions. This lockup period maintains the stability and security of the EVMOS network. It’s essential to plan accordingly, as you won’t have access to your staked tokens until this period concludes.
Unstaking Process
If you decide to unstake your EVMOS, the process is simple through Trust Wallet. Once you initiate the unstaking process, a 21 day waiting period will begin before your tokens are fully available for withdrawal or transfer. This waiting period helps ensure the network’s security and stability. During this time, your tokens will not earn rewards, so it’s important to consider this when planning your staking and unstaking activities.
How to Stake EVMOS Using Trust Wallet
Before you stake, be sure that you have the most up-to-date version of Trust Wallet.
Next, if you don’t have any EVMOS in your wallet, you can deposit crypto using the “Receive” button, or buy crypto directly using Trust Wallet.
Now you’re ready to stake and earn rewards. Staking can be done in just a few steps, and here’s how.
Note: Below, we’ll use staking EVMOS as the example, but the process is generally the same for each asset.
Select the “Earn” button from the wallet home screen.
Select the asset you want to stake, in this example it’s “EVMOS.”
Select “Stake.”
Choose the amount you want to stake, and choose the validator you want to use by selecting the Validator dropdown.
Once you choose a validator, select “Continue.”
Follow the remaining instructions to confirm your stake.
How to Unstake EVMOS in Trust Wallet
If you would like to unstake your EVMOS, simply follow the steps below:
Navigate to ‘Earn’ on the main wallet page and select EVMOS.
Choose the Unstake option and proceed as per the given instructions.
Note: You will not be able to withdraw your tokens while they are staked. If you want to withdraw your EVMOS, staked EVMOS takes 21 days to unstake. This is not something Trust Wallet controls.
In addition to staking crypto, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.
Closing Thoughts
By following this guide, you can navigate the steps to stake, unstake, and claim EVMOS rewards efficiently. The flexibility and comprehensive support offered by Trust Wallet make it an ideal platform for maximizing your EVMOS staking efforts. Whether you’re looking to contribute to the EVMOS network’s security or simply want to earn additional rewards, Trust Wallet equips you with the tools and resources needed for a successful staking experience.
Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.