Sep 10, 2024
CXT Staking on Covalent Network: A Quick and Easy Tutorial
Guides · 6 Minute Read · Written by Kamil Zawieja
TL;DR:
- CXT staking rewards are generated through the Staking Emission Schedule. Estimate your rewards using the CXT Staking Calculator, helping you understand the potential staking APY.
- Use the Covalent Asset Page to track CXT staking details, including reward rates, validator count, and staking ratio.
- Choose operators wisely, using the Staking Rewards Verified Staking Provider (VSP) Program, considering metrics like commission, number of delegators, staked balances, and performance.
- How to stake CXT in a nutshell:
Step 1: Go to the CXT Staking Dashboard and connect your wallet.
Step 2: Select the operator to stake by clicking the “Stake” button.
Step 3: Enter the amount of CXT tokens to stake and click “Approve”.
Step 4: Finalize the staking process by clicking “Stake” and confirm the transaction in your wallet.