<p><a target="_blank" rel="noopener noreferrer" href="https://www.stakingrewards.com/asset/persistence">Persistence</a> token XPRT can be staked for 30 – 88% APY in the first year. This rewards rate is among the highest in the industry.</p><p>With this article we will go through the staking process step by step.</p><p id="b96b">Staking will begin via the native <a target="_blank" rel="noopener noreferrer" href="https://wallet.persistence.one/">Persistence wallet</a>.</p><p id="dd77">To learn how to create a Persistence wallet,&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://medium.com/persistence-blog/persistence-xprt-wallet-guide-dbf5e27100f3">please read this guide</a>.</p><p>Within the wallet dashboard, you can select your desired validator to delegate XPRT. Simply confirm the transaction and be set.</p><h2 class="wp-block-heading" id="0f52">How Do I Sign in to the Wallet Dashboard?</h2><h3 class="wp-block-heading" id="7c91">Step 1: Sign In</h3><p id="52ea">Head over to&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://wallet.persistence.one/">https://wallet.persistence.one/</a>&nbsp;and click on the “Sign In” button on the top right.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/2403/0*t7GUVGQ3khQeDcFK" alt="" decoding="async"></p></figure><h3 class="wp-block-heading" id="a660">Step 2: Continue with Address</h3><p id="2f6e">Click on the “Continue with Address” button.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1024/0*nxhO1m__8tYIjuKV" alt="" decoding="async"></p></figure><h3 class="wp-block-heading" id="5514">Step 3: Submitting Address</h3><p id="4e5e">Enter in your wallet address and click “Submit”.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1577/0*sbjdGKj-q7N4die4" alt="" decoding="async"></p></figure><p id="cd8b">That’s it, you’re now in the dashboard!</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/2446/0*5ESSbI_30VURIfl_" alt="" decoding="async"></p></figure><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1152/0*1m1Q1rfGLDJjs9iB" alt="" decoding="async"></p></figure><h2 class="wp-block-heading" id="4160">How to Stake Your XPRT</h2><h3 class="wp-block-heading" id="dd2a">Step 1: Go to the Staking Section</h3><p id="21de">Sign in through&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://wallet.persistence.one/">https://wallet.persistence.one/</a>&nbsp;&amp; navigate to the “Staking” section of the Persistence wallet dashboard.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/2565/0*ZfybyNAEcDVYPER-" alt="" decoding="async"></p></figure><p id="c657">On this screen, you will still see your balance, delegated XPRT, and other data at the top of the page, but within the “Staking” section, you are also able to view validators on the network.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/2381/0*r5x1aU56DxIBlCpe" alt="" decoding="async"></p></figure><h2 class="wp-block-heading" id="ed0c">Step 2: Selecting a Validator</h2><p id="9a83">Select a validator of your choosing to delegate your XPRT tokens to for staking. Users are able to delegate their XPRT to any validators of their choosing.</p><p id="758f">Each validator has their voting power, commission rate, status (checkmark means online, x mark means offline). You will want to consider these data points before choosing a validator.</p><p>When choosing a validator to delegate your XPRT tokens, make sure to look at the commission rate which has a direct impact on your rewards being paid out. Low Commission = High Rewards.</p><p>However please note that commission rates are the bread and butter for many validators. They rely on it to maintain reliable operations.</p><p>Furthermore, it is important to make sure that the selected validator is able to maintain a solid close to 100% uptime for their services.</p><p>You may want to consider delegating to smaller validators in order to further decentralize the network. This does not only support the network resilience, but also the value of your XPRT investment long-term.</p><p>Also consider validators that are long-term committed to providing value to Persistence by supporting the platforms app development, tooling, and educational materials.</p><p>At Staking Rewards we have pre-vetted a <a target="_blank" rel="noopener noreferrer" href="https://www.stakingrewards.com/earn/persistence">set of validators in Persistence</a>. Browse through the list and search for the verified badge. These validators are registered with Staking Rewards and are considered reliable. Please note that any validator is free to get in touch with us to get verified. We are not affiliated with any of them and thrive to provide an independent ranking.</p><figure class="wp-block-image size-large"><p><img class="wp-image-3874" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/image_9cfaadc56c.jpg" alt="" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/image_9cfaadc56c.jpg 1488w, https://tidy-ball-c49dc59f59.media.strapiapp.com/image_343x360_00fede2f2b.jpg 343w, https://tidy-ball-c49dc59f59.media.strapiapp.com/image_76x80_517b8de7af.jpg 76w, https://tidy-ball-c49dc59f59.media.strapiapp.com/image_768x806_927fc3706c.jpg 768w, https://tidy-ball-c49dc59f59.media.strapiapp.com/image_1464x1536_f8a4d32f65.jpg 1464w" sizes="(max-width: 1488px) 100vw, 1488px" width="1488" decoding="async" loading="lazy" height="1561"></p></figure><p>In the Persistence Wallet dashboard the list looks as following:</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/2326/0*WkvWHN0FmTljRz6g" alt="" decoding="async"></p></figure><blockquote class="wp-block-quote"><p><i><strong>Note:&nbsp;</strong>Do not delegate to the Foundation nodes. The commission rate for these validators is 100%, meaning you will not receive staking rewards. These are temporary nodes maintained by the Persistence team to contribute to network stability in the initial stage and will be switched off by the end of Q2 2021 or early Q3 2021.</i></p></blockquote><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1811/0*-uCUwuBeuxZSJ59p" alt="" decoding="async"></p></figure><h2 class="wp-block-heading" id="6301">Step 3: Actions</h2><p id="2aef">Once you have chosen a validator you’d like to delegate your tokens to for staking, click on the “Actions” button.</p><p id="97d5">Here you will see buttons to delegate, redelegate to another validator, or unbond from a validator.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/853/0*TfMKBCIFE9bUvkPM" alt="" decoding="async"></p></figure><p id="f53c">Then click the “Delegate” button.</p><h2 class="wp-block-heading" id="01d5">Step 4: Delegation</h2><p id="ca04">Choose how many XPRT tokens you’d like to delegate to this validator and enter the amount in the “Delegation Amount” field.</p><p id="d339">You will be able to see your balance of XPRT &amp; create a memo (optional)</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1206/0*Nq_ixn2ByX9fBGBA" alt="" decoding="async"></p></figure><p id="a82e">Click “Next”.</p><h2 class="wp-block-heading" id="74a0">Step 5: Signing the Delegation Transaction</h2><p id="cb0b">Once you click “Next”, you will be greeted with this screen to use your private key (KeyStore file) or Mnemonic to delegate.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1213/0*9oypsGa3b-rHkTi0" alt="" decoding="async"></p></figure><h2 class="wp-block-heading" id="cff4">Step 6: Confirmation of Delegation</h2><p id="7048">Once you click “Delegate” you will be shown the transaction hash of your transaction to verify that you have successfully delegated to that validator:</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1211/0*KJr8NECayCAIn6HE" alt="" decoding="async"></p></figure><p id="79ec">You have now successfully delegated to a validator and will begin receiving staking rewards from the network.</p><h2 class="wp-block-heading" id="b850"><strong>How to Redelegate to Another Validator?</strong></h2><blockquote class="wp-block-quote"><p>Note: If you have delegated to a Foundation node then you should follow the below steps to redelegate to another validator. Foundation nodes are not meant for delegations and you will not receive staking rewards if delegating to a Foundation node.</p></blockquote><h3 class="wp-block-heading" id="1573"><strong>Step 1: Click Your Current Validator and&nbsp;</strong>“Redelegate”</h3><p id="0663">Click on the validator that you have delegated to and click “Redelegate”.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/878/0*SZgm5nr8wNh05DJz" alt="" decoding="async"></p></figure><h3 class="wp-block-heading" id="dc7c"><strong>Step 2: Confirm New Validator and Redelegation Amount</strong></h3><p id="279f">After you click on “Redelegate” a window will appear asking which validator you would like to redelegate to and how many XPRT tokens you would like to delegate to the selected validator.</p><p id="e056">Select your chosen validator and enter the amount of XPRT tokens you wish to delegate to the new validator.</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1217/0*KRpqooY3353Ue0Cp" alt="" decoding="async"></p></figure><p id="fc8f">Then click “Submit”.</p><h3 class="wp-block-heading" id="ae9e"><strong>Step 3: Confirmation</strong></h3><p id="8819">After you click “Submit” a message will appear to show you the transaction hash of the redelegation:</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/1222/0*M-ydfgcZE-ZsiZnG" alt="" decoding="async"></p></figure><p id="9497">You have now successfully redelegated to another validator!</p><hr><h2 class="wp-block-heading">How to claim rewards and earn compounded interest</h2><p>Last but not least, please make sure to regularly claim your rewards and delegate them to a validator again.</p><p>This is a manual process required in order to receive compounded interest on your stake.</p><blockquote class="wp-block-quote"><p>Never underestimate the power of compound interest!</p></blockquote><h3 class="wp-block-heading">Step 1: Claim your Rewards</h3><p>Click you current validator and choose “Claim your Rewards”</p><figure class="wp-block-image"><p><img src="https://miro.medium.com/max/878/0*SZgm5nr8wNh05DJz" alt="This image has an empty alt attribute; its file name is 0*SZgm5nr8wNh05DJz" decoding="async"></p></figure><h3 class="wp-block-heading">Step 2: Delegate your Rewards</h3><p>Choose your Validator and click “Delegate”</p><hr><p>Please consider, that tokens are locked for 21 days from the time when you start to undelegate them. You are not able to receive rewards, not transfer them within that period.</p><p>Congratulations you are now ready to earn rewards on your XPRT!</p><p>Learn more about <a target="_blank" rel="noopener noreferrer" href="https://www.stakingrewards.com/earn/persistence">Persistence on Staking Rewards</a>.</p><p>If you have any questions, make sure to reach out to us via <a target="_blank" rel="noopener noreferrer" href="https://t.me/stakingrewards">telegram</a>.</p>

How to Stake Persistence (XPRT)