Flow is a Proof-of-Stake (PoS) blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more. The team at Flow has delivered CryptoKitties, NBA Top Shot, and NFL ALL DAY which have all been highly successful. $FLOW is the native token of the Flow network. It is the exclusive token for staking, delegating, paying transaction fees, and paying storage fees. It is also the primary token used for buying, selling, and trading assets and experiences on Flow. This tutorial will show you where you can buy $FLOW and how to stake your tokens on the Flow network. 

      Key points:

      • View the current staking APY here
      • Calculate your earnings using the calculator
      • 7 day lockup
      • Average commission: 9.75 %
      • The minimum stake amount is 1 $FLOW
      • Keep enough $FLOW to pay for fees, roughly 0.01 FLOW

      Follow the steps below to learn how to stake your $FLOW tokens:

      Step 1: Create an account on Flow Port

      Navigate to the Flow Portal and sign up for an account, you will be prompted by a popup asking you to connect your wallet – choose ‘Blocto’

      • Enter your email address
      • Click register

      Now you will be redirected to the Flow dashboard

      How to Stake Flow

      Step 2: Update your account

      Before you can stake your $FLOW, you will need to upgrade your account by following the steps below (This doesn’t cost anything so you can do this without any $FLOW):

      • Click on ‘Stake and Delegate
      • Click on ‘Upgrade account’
      • Check the box and click ‘Submit’
      • Approve the transaction
      • Success!

      Now you are ready to delegate your $FLOW tokens

      How to Stake Flow

      Step 3: Stake your $FLOW tokens

      Head back to the ‘Stake and Delegate’ tab, scroll down on the page and you will be shown two options to stake your $FLOW tokens. Follow the steps below to learn how to delegate your tokens:

      • Click on ‘Start Delegating’
      • Input the Node Operator ID that you want to delegate to
        • What is this: This refers to the validator that you will stake with
          • All node operators earn the same amount of rewards
          • Select nodes that you believe will have good uptime and behave honestly
          • Not sure who to choose? Look out for a Verified Provider on the Flow Asset page just below the staking calculator
      • Copy the ‘Node ID’ that you choose
      • Paste it in the box on the Flow portal
      • Input how much $FLOW you want to stake
      • Press ‘Continue’
      • Check the box and click ‘Submit’
      • ‘Approve’ the transaction
      • Success!
      How to Stake Flow

      Conclusion

      Staking is a great way for you to help the Flow network become more secure, efficient, and decentralized as you support the validators on the network. Staking has many benefits beyond just earning yield on your investment:

      • You are contributing to decentralization
      • Boosting network security
      • Participating in governance

      Check out the Flow Asset page on our website for more details on all things related to staking $FLOW, happy staking!

      About The Author

      Kilian Boshoff

      is purpose-driven, he loves researching and figuring out how technology can drive change in the world we live in. He is an avid crypto trader and spends his free time deep-diving into different projects on his YouTube channel. Kilian is currently on a mission to pioneer the institutional adoption of digital assets in his home country, South Africa.