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--- | ||
id: howto_stake | ||
title: Stake HDX | ||
--- | ||
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import useBaseUrl from '@docusaurus/useBaseUrl'; | ||
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Staking allows users to stake their HDX tokens and earn rewards which vest over time. This page contains a step-by-step guide on how to stake your HDX. Before proceeding, we urge you to get familiar with [the basics of HDX staking](/staking). | ||
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If you don't have any HDX, you can obtain some on our [trade page](https://app.hydradx.io/#/trade) by swapping against a range of assets supported by the Omnipool. | ||
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<div style={{textAlign: 'center'}}> | ||
<img alt="metadata" src={useBaseUrl('/howto_stake/staking_1.jpg')} /> | ||
</div> | ||
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### Step 0: Navigate to HydraDX Staking Page | ||
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https://app.hydradx.io/staking. | ||
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Connect your wallet to HydraDX by clicking **`Connect Account` (1 in image above).** | ||
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### Step 1: Stake Your HDX | ||
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- Select the amount of HDX tokens you would like stake **(3)**. | ||
- Click on **`Stake`** **(4)** to confirm and sign the transaction using your wallet app. | ||
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<div style={{textAlign: 'center'}}> | ||
<img alt="metadata" src={useBaseUrl('/howto_stake/staking_2.jpg')} /> | ||
</div> | ||
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### Step 2: Keep Your HDX Staked | ||
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- The amount of rewards you receive is determined by the size of your staked HDX relative to the whole stake pool. | ||
- As time passes, you unlock a greater portion of your allocated rewards. The rate of unlocking is determined by a rewards bonding curve. | ||
- Learn more in the Staking product docs. | ||
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### Step 3: Boost Your Rewards | ||
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- Collect Action Points to boost your rewards and increase the pace at which you unlock rewards. | ||
- You can collect Action Points by voting on referenda. The more staked HDX you use for the vote and the higher the Conviction Multitplier - the more Action Points you receive. | ||
- Learn more in the Staking product docs. | ||
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### Step 4: Claim Your Rewards | ||
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- Review your Staking statistics to observe and plan your own staking strategy **(5)**. | ||
- Once you are done staking, `Claim` your unlocked rewards **(8)**. | ||
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:::caution | ||
Each time you claim your unlocked staking rewards, you forfeit any locked rewards which are redistributed to all other stakers. Furthermore, your past Action Points will be reset. | ||
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For instance, if a staker claims rewards when 75% of the rewards are available, the remaining 25% is forfeited. The staker must then wait for the same duration to claim 75% of the subsequent batch of rewards. | ||
::: |
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