All You Need to Know About Staking $VANRY on Vanar

By Vanar
about 2 months ago
VANRY

Staking $VANRY tokens is your gateway to shaping the future of blockchain finance, gaming, and Web3 innovation while earning rewards. Here’s everything you need to know about how staking works on Vanar and why it’s essential for network security and decentralization.

How Vanar Staking Works

To stake $VANRY, simply connect your wallet to the Vanar Staking Platform and choose a validator node. You can use MetaMask, Wallet Connect, or Coinbase Wallet to seamlessly interact with the platform. There is no minimum amount required—you can stake as much or as little as you like. Once staked, your tokens support network operations while earning staking rewards.

For an overview of how Vanar’s hybrid Proof of Authority (PoA) and Proof of Reputation (PoR) processes select validators, read more about our hybrid consensus model here.

Vanar Community Node: Empowering the Ecosystem

The Vanar Community Node stands out among the validators as a dedicated community-driven node. Unlike traditional enterprise and Web3-native nodes, the Community Node reinvests a portion of its validator rewards back into the ecosystem to support community engagement and growth.

Key Features of the Vanar Community Node:

The validator rewards earned by the Community Node will be used to fund:

  • Node running costs to ensure continued network stability.
  • GroV rewards and special campaigns.
  • Airdrops and exclusive community incentives for $VANRY stakers.

By choosing the Vanar Community Node, stakers not only contribute to network security but also actively support initiatives that benefit the entire Vanar community.

If you’re looking to strengthen the Vanar ecosystem while enjoying exclusive perks, the Community Node is a fantastic choice!

Commission and Rewards

Validators may charge a commission fee—a small percentage of the rewards earned by stakers.

Example:

  • If you stake 1,000 VANRY with an annual percentage yield (APY) of 20% and the validator’s commission is 10%, your reward will be 200 VANRY for the year.
  • 20 VANRY (10%) is deducted as commission for the validator, leaving you with 180 VANRY.

Rewards are accrued continuously and can be claimed at any time.

Is There a Lockup or Cooldown Period?

There is no lockup period—you can stake or unstake your tokens anytime. However, after initiating an unstake, there is a 21-day cooldown period before your tokens become available for withdrawal. During this time, you’ll no longer earn rewards on the unstaked tokens but can still claim any unclaimed rewards from previous stakes.

For more details about unstaking and cooldown periods, visit our Unstaking FAQ.

Boosting Network Security Through Staking

By staking $VANRY, you delegate voting power to validators responsible for securing the network, validating transactions, and maintaining blockchain integrity. Validators on Vanar are chosen based on their performance and reputation in both Web2 and Web3, ensuring only reputable entities participate.

Interested in the green energy aspect of Vanar’s validators? Validators operate using renewable energy-powered data centers, reinforcing Vanar’s commitment to sustainability.

FAQs About Staking

  • 1. Can I add more tokens after my initial stake?Yes! You can add more $VANRY to your existing stake at any time to increase your rewards.
  • 2. Can I claim rewards during the cooldown period?Yes! You can claim rewards even if your unstaked tokens are still in the 21-day cooldown.
  • 3. What happens if I unstake my tokens after 24 hours?Rewards are calculated per second but only finalized after 24 hours. This means you’ll still earn rewards even if you unstake within 24 hours.

For more answers to common questions, check out the full Vanar Staking FAQ.

Why Stake Your $VANRY Tokens?

Staking $VANRY isn’t just about rewards—it’s about shaping the future of blockchain technology:

  • Earn Rewards: Support the network and receive staking rewards.
  • Contribute to Decentralization: Strengthen the network by aligning your stake with trusted validators.
  • Be Part of Web3 Evolution: Participate in the growth of PayFi, real-world assets (RWA), and blockchain-powered gaming.

🌟 Ready to stake and earn rewards? Start staking now and become an integral part of Vanar's ecosystem.

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