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Vara

Vara (VARA) Staking

Stake VARA to earn staking rewards and secure the Vara network.

Stake now

Staking Stats

Reward Rate (APR)
≈ 8.4%
Reward Frequency
every block
DAIC Commission
5%
Staked with us
55.5M VARA

VARA Rewards

The staking reward for VARA is currently estimated at 8.4% per year. VARA rewards are awarded every block by the Vara network.

VARA Staking Calculator

Staked VARA
$1K
Earnings at
8.4% APR
Monthly
287.2 VARA equals $6.6
Yearly
3.4K VARA equals $79.8

How to Stake VARA

  1. Navigate to https://staking.vara.network/
  2. Connect your wallet of choice by clicking the CONNECT button in the top right corner.
  1. Navigate to the “Nominate” section
  1. Click the “Start Nominating” button
  2. In the next step the payout options will be presented to you. You can select between the following options - after selecting hit click the “Continue Button”.
  3. Now it’s time to choose your validator. Click the “Optimal Selection”. This will show the top performing validators.
  1. Typically, you can find our validator “Coinage x DAIC” within the first 16 proposed validators. (If it is not listed there please click the button “Re-Generate” until it is shown up).
  1. You can now stake with all 16 selected validators. If you only want to delegate with us, click the “Select” button.
  1. Now select all the validators you want to remove from staking - and click the “Remove Selected” button.
  1. Your screen should look like this (if you only want to stake with us). Press the “Continue” button to proceed.
  1. Now enter the amount you want to bond (Don’t bond everything, because you need to have some VARA in you wallet to pay transaction fees for bonding and unbonding). After you entered the amount for staking press the “Continue” button.
  1. A summary for your bonding transaction is shown. If everything is ok, click the “Start Nominating” button.
  1. Congratulations! Your VARA tokens have been staked!

About Vara Network (VARA)

Vara Network is a Layer-1 decentralized blockchain platform built on the Gear Protocol, designed to facilitate the development and deployment of advanced Web3 applications. Leveraging the Substrate framework, Vara offers a scalable and efficient environment for decentralized applications (dApps), enabling developers to build without the complexities associated with traditional blockchain infrastructures.

The platform utilizes WebAssembly (Wasm) for its virtual machine, allowing developers to write smart contracts in familiar programming languages like Rust. This approach enhances accessibility and performance, making it easier for Web2 and Web3 developers to transition into the blockchain space.

Vara's native token, VARA, serves multiple functions within the ecosystem, including transaction fees, staking for network security, and participation in governance decisions. This multi-faceted utility ensures that VARA holders have a significant role in the network's operations and future development.

What Makes Vara Network Special?

Vara Network introduces several innovative features that set it apart in the blockchain landscape:

  • Actor Model for Message Communications: Vara employs an actor-based model for secure and efficient message passing between programs and users, facilitating reliable and scalable interactions within the network.
  • Gasless Transactions: The platform supports gasless transactions, reducing friction for end-users and enhancing the overall user experience by eliminating transaction fees.
  • Persistent Memory: Vara incorporates persistent memory with smart virtualization, ensuring data availability and security while enhancing reliability by isolating memory access.
  • Asynchronous Processing: The network's architecture supports asynchronous messaging and parallel processing, enabling efficient task execution and expanding capabilities for complex application logic.

These features make Vara Network a compelling choice for developers aiming to build scalable, efficient, and user-friendly decentralized applications across various sectors, including gaming, DeFi, NFTs, and enterprise solutions.

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VARA Staking FAQ

How much can I make staking VARA?

The return from staking VARA varies based on the network's overall staking participation and specific validator commission

When can I start earning rewards with VARA?

You can start earning staking rewards once your tokens are successfully delegated to a validator

Can I sell VARA while it is locked up?

Staked VARA tokens cannot be sold, they need to be unstaked first. The unstaking period for VARA is 7 days

What are the risks around staking VARA?

Staking VARA 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 VARA use?

Vara Network employs an inclusive and reliable Nominated Proof-of-Stake (NPoS) mechanism to select validators for its consensus protocol. This mechanism selects validators based on their stakes and the funds nominated by other token holders.

What are the tokenomics of VARA?

Read all about VARA tokenomics here

Stake VARA with Coinage x DAIC

Stake your VARA with Coinage x DAIC, a leading validator with a proven track record of successfully managing blockchain infrastructure over several years, DAIC.capital has securely attracted over 30,318 unique stakers and holds more than $409.9M in total value staked across 38 chains. This impressive milestone not only demonstrates our wide-ranging expertise but also reflects the deep trust the community places in our stewardship.