How to Stake SCRT
1. Navigate to https://wallet.keplr.app/
2. Click the Search Chains field and type Secret Network
3. Click Secret Network
4. Click Stake
5. Click the Search for validator field and type Coinage x DAIC
6. Click Coinage x DAIC
7. Click Stake
8. Click the Amount field, enter the number of SCRT tokens you want to stake
9. Click Stake
10. Approve the Keplr wallet transaction pop-up
11. Congratulations! Your SCRT tokens have been staked
Secret (SCRT) Staking FAQ
How much can I make staking SCRT?
The return from staking SCRT varies based on the network's overall staking participation and specific validator commission
How do I receive my SCRT rewards?
SCRT rewards need to be claimed. Visit the Keplr dashboard to claim your staking rewards
When can I start earning rewards with SCRT?
You can start earning staking rewards once your tokens are successfully delegated to a validator
Can I sell SCRT while it is locked up?
Staked SCRT tokens cannot be sold, they need to be unstaked first. The unstaking period for SCRT is 21 days
What are the risks around staking SCRT?
Staking SCRT comes with risks like slashing (penalty for the validator), price volatility, and liquidity risk (inability to sell during the lock-up period)
What consensus algorithm does Secret Network use?
Secret Network uses a decentralized Proof of Stake (PoS) consensus algorithm.
What are the tokenomics of SCRT?
Read all about SCRT tokenomics here
The information provided by DAIC, including but not limited to research, analysis, data, or other content, is offered solely for informational purposes and does not constitute investment advice, financial advice, trading advice, or any other type of advice. DAIC does not recommend the purchase, sale, or holding of any cryptocurrency or other investment.
