TAO Staking on Bittensor: A Quick and Easy Tutorial
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by Kamil Zawieja
Published on May 20, 2024
TL;DR;
- There are three options to earn TAO rewards: delegated staking, becoming a Bittensor miner, or engaging in subnet validation. For more details on TAO staking, visit the Bittensor asset page.
- Staking rewards are generated every 12 seconds, with no lockup period, and can be estimated using tools like the TAO Staking Calculator, helping you understand the potential staking APY.
- Consider criteria such as commission rate, number of users, self-staked balance, and network share when selecting a validator, supporting your decision with Verified Staking Providers comprehensive research.
- Staking steps in a nutshell:
Step 1: Navigate to the Taostats Staking Dashboard and connect your wallet.
Step 2: Choose your designated wallet in the “Account” field.
Step 3: Select the validator from the list.
Step 4: Input the amount of TAO you want to stake.
Step 5: Finalize the staking process by clicking “Delegate” and confirm the transaction in your wallet.
