Persistence is an ecosystem of financial products to serve institutional and crypto-native users.
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- How to stake XPRT?
In order to stake XPRT, you require a native Persistence Blockchain Wallet at https://wallet.persistence.one/.
Within the dashboard, you can select your desired validators to delegate XPRT. Simply confirm the transaction and be set.
Don’t forget to claim and redelegate your rewards to get the highest compounded rewards out of your stake.
- How much can I make staking XPRT?
Currently staking rewards are mainly derived from network inflation.
Persistence started out with an inflation rate of 35%. Until the Goal of 67% Total Staked has been reached, the Inflation will increase up until a maximum of 45%. Once the goal of 67% Total Staked has been reached, the inflation will decrease down until 25% has been reached.
Inflation is being distributed between all stakers proportionally to their stake. Make sure to play the reward scenarios in the Persistence Staking Calculator.
- Which Persistence Validator should I delegate to?
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.
However please note that commission rates are the bread and butter for many validators. They rely on it to maintain reliable operations.
Furthermore, it is important to make sure that the selected validator is able to maintain a solid close to 100% uptime for their services.
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.
Also consider validators that are long-term committed to providing value to Persistence by supporting the platforms app development, tooling, and educational materials.
At Staking Rewards we have pre-vetted a bunch of validators in Persistence. Browse through the list above 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.
- Is there any risk to stake XPRT?
While delegating XPRT tokens, you maintain full control of your private keys. As long as you protect them, you will be safe.
However please consider that there is an unlikely risk, that you will lose a portion of your funds in the case that your validator misses many blocks or signs the same block twice. Therefore, please make sure to delegate with a reliable validator from the list above.
Also 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.