A quick primer on staking AVAIL 📝
Staking AVAIL is essential for the security and growth of Avail. By nominating validators, participants secure and contribute to the network.
If you’re looking to stake, here’s how you can do it:
1. Visit http://staking.avail.tools to access the Avail Staking Dashboard.
2. Choose your staking method - this could be staking directly or joining a nomination pool
3. Connect your wallet that has AVAIL tokens.
4. Enter the staking amount considering factors like the amount you’ll need for transaction fees, AVAIL holdings, the lockup period, and your staking goals.
5. Decide how you want your staking rewards to be managed. This could be Allow Withdraw, Allow Compound, or Permissioned.
6. Review and confirm your selections.
7. Wait for the next era. Your stake will become active in the next 1 to 2 eras.
8. From here, you can monitor and manage your stake, claim rewards, and unbond your stake.
Learn more about AVAIL staking and NPoS in our recent blog here - https://lnkd.in/gB2ppPye