Staking TRON (TRX) allows you to earn rewards while supporting one of the most scalable and fast blockchain networks. By staking TRX, you contribute to transaction validation and the security of the TRON network while earning staking rewards.
Whether you're new to staking or a seasoned user, Tangem Wallet offers a seamless and user-friendly way to stake TRX.
What is TRON staking?
By locking up your TRX tokens, you can participate in the TRON network and help validate transactions using TRON staking. TRON uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, where validators (super representatives) are chosen based on the amount of TRX staked to validate blocks and secure the network.
When you stake your TRX, you delegate voting power to a validator on the network by assigning them your tokens. In return, you receive a share of the rewards earned by the validator for maintaining network security. These rewards are typically paid out in TRX and serve as a consistent source of passive income.
- Earn rewards: You earn a portion of the new TRX generated by the network. The amount of rewards varies depending on the performance of the validator and the total amount of TRX staked.
- Support network security: Staking helps secure the TRON network by ensuring that only trustworthy representatives participate in the consensus mechanism.
- Contribute to decentralization: By staking your TRX, you help maintain the TRON network's decentralized nature by preventing any single entity from gaining excessive control.
TRX staking is simple and accessible through Tangem Wallet, allowing you to easily participate in the network and earn rewards.
Using Tangem Wallet to stake TRX
- Minimum Amount for TRX Staking: The minimum amount required to stake is 1 TRX, making it accessible for users with varying balances.
- Unbonding period for TRX Staking: Staked TRX can be unbonded after a 14-day waiting period. During this period, your TRX will be locked and cannot be transferred.
- Staking rewards (APR): The Annual Percentage Rate (APR) for TRX staking is dynamic and influenced by network conditions, validator performance, and the total TRX staked.
How to stake TRX in Tangem Wallet
Before you start staking, ensure that you have the latest version of the Tangem Wallet app installed.
If you don’t have TRX in your wallet yet, you can buy it directly through Tangem Wallet’s integrated on-ramp service or transfer it by selecting the “Receive” option. You can also swap other cryptocurrencies in your wallet for TRX.
Follow these steps to stake your TRX:
- Open the Tangem Wallet app.
- Select TRON (TRX) as the token you wish to stake.
- Tap Stake.
- Review the information about staking, including the APR and unbonding period.
- Tap Stake.
- Enter the amount of TRX you wish to stake and tap Next.
- Choose a validator from the list. Tangem Wallet will recommend the most profitable one, but you are free to choose any.
- Tap Continue after selecting a validator.
- Tap Stake to confirm the transaction.
- Use your access code or biometric ID and tap your Tangem Wallet to sign the transaction.
- Tap Close to finish the process.
How to claim TRX rewards in Tangem Wallet
Open the Tangem Wallet app and go to the TRON (TRX) page.
Tap Native staking.
Tap Rewards and then select Claim rewards.
- Enter your access code and sign the transaction with your Tangem Wallet. Earned rewards will be sent to your wallet and made available for use.
How to unstake TRX in Tangem Wallet
- Open the Tangem Wallet app and go to the TRON (TRX) page.
- Tap on the Native staking bar.
- Tap Your stakes and then select Unstake.
- Enter your access code and sign the transaction with your Tangem Wallet.
- After the 14-day unbonding period, your TRX will be available for transfer or withdrawal.
- Tap Close to return to the homepage.
Conclusion
Staking TRX with Tangem Wallet is an excellent way to support the TRON network and earn passive income. With a low minimum staking requirement and dynamic rewards, both new and experienced users can benefit from TRX staking.
Tangem Wallet makes the process straightforward, allowing you to manage your assets securely while taking advantage of TRON’s DPoS consensus. Start staking TRX with confidence in Tangem Wallet today.