Valar peer-to-peer staking involves utilizing a third party to run a node on your behalf while your Algo remains in your wallet at all times. With the launch of Staking Rewards on Algorand, a step-by-step video has been provided to help with this easy-to-use service.
While each platform is unique, the typical process asks users to connect their wallet, select a node runner, and get staking. This provides an option for users who want to help secure the network and collect rewards but don’t have the knowledge or resources to run their own node.
Valar offers a decentralized and transparent approach, allowing users to connect directly with node runners and stake with them. All service agreements are securely handled using automated smart contracts while your Algo remains in your wallet at all times, ensuring a smooth and trustworthy experience.
Step-by-step guide to delegated staking on Valar
- Access the platform: Visit stake.valar.solutions and select 'Connect Wallet and Start Staking.'
- Choose your wallet: Pera, Deftly, Kibisis, Exodus, or Lute - and complete the connection process.
- Configure staking: Set your preferences for staking duration & payment currency (the platform filters options based on your criteria).
- Select your node runner: Browse the available node runners list and select one that suits you.
- Create your service contract: Review your selected node runner's terms. Confirm and pay to establish your contract.
- Node setup period: The node runner prepares your staking setup, taking 5-15 minutes. Track your contract status during this period.
- Start staking: When setup finishes, approve the confirmation transaction. Your contract status will change to 'live', beginning your staking period.
- Monitor performance: You can monitor your staking and set up performance alerts through alerts.allo.info.
Disclaimer
The content provided in this blog is for informational purposes only. The information is provided by the Algorand Foundation and while we strive to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained on the blog for any purpose.
The content of this blog is not intended to be financial advice. You should not take any action before conducting your own research or consulting with a qualified professional. Any reliance you place on such information is therefore strictly at your own risk.
In no event will Algorand Foundation be liable for any loss or damage including without limitation, indirect, or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.
Through this blog, you may be able to link to other websites which are not under the control of the Algorand Foundation. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not imply a recommendation nor endorse the views expressed therein.
Every effort is made to keep the blog up and running smoothly. However, the Algorand Foundation takes no responsibility for, and will not be liable for, the blog being temporarily unavailable due to technical issues beyond our control.
The video content provided below is produced and owned by the third-party mentioned above and has not been produced, reviewed, nor endorsed by the Algorand Foundation.