Staking FAQ

What is staking?

Staking is the process of locking up your digital assets to support the running operations and increasing the security of a blockchain network. In return, you earn rewards, usually in the form of additional tokens that are allocated directly from the protocol of the blockchain infrastructure. The staking provider is running infrastructure to support you with the technical requirements handling.

How do I start staking on Pulsar Money?

To start staking, navigate to the Staking Module, select the asset you want to stake, choose the network you want to validate, choose the amount you want to participate in the Proof of Stake mechanism, and click “Stake.” Follow the prompts to confirm your transaction.

What assets can I stake on Pulsar Money?

Pulsar Money supports a variety of digital assets for staking. You can find the full list of supported assets on the Staking Module page.

How are staking rewards calculated?

Staking rewards are typically calculated based on the amount of assets you stake and the duration of the staking period. The specifics can vary depending on the asset and the blockchain network. Read more on the staking asset page or contact the support team for more information.

Can I unstake my assets at any time?

Yes, you can unstake your assets at any time. However, some assets may have a lock-up period during which they cannot be unstaked. Please refer to the specific asset’s staking details for more information.

Are there any fees associated with staking?

Staking on Pulsar Money may involve network fees for the transactions. These fees vary depending on the blockchain network and the asset you are staking and most probably the fees consist of a comission from the overall APR generated form the staking.

How can I track my staking performance?

The Staking Module provides real-time insights and detailed analytics, allowing you to monitor your staking performance, track rewards, and manage your staked assets effectively.

Additionally the Pulsar Money dashboard is not the only place where you can track things: you can always use a public blockchain explorer operated by a third party to track metrics and double check all the paramters. We actually highly encourage for you to do the due dilligence and utilise severral tracking platforms.

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