Staking is the act of users providing their assets to help secure the network. Users will stake their assets to a validator node or smart contract and accrue rewards. The stake acts as a guarantee to ensure the network remains operational and secure.

In DPoS (Delegated Proof of Stake), users stake their pool to a certain validator node. The more assets staked to a validator node, the higher the chances of the node being chosen to propose new blocks to be added to the blockchain. If the proposal of a new block is successful, the validator node is rewarded, and users who delegated to the validator node will receive a share of the rewards proportional to their stake.

A key risk involved would be slashing. Slashing involves the validator node being penalized a percentage of assets staked to them for maloperation including, but not limited to, Downtime and Double-Signing. It is therefore important to choose validators that have a strong history of performance, such as Hex Trust Validator Nodes.

If you do not need a custodial solution:

- Go to a self-custodial wallet that supports the specific blockchain you intend to stake for

- Then, ensure you have acquired the token you wish to stake, and that it is on the correct blockchain. Typically, the asset will be the native token for the specific blockchain.

- Navigate to the staking section of the self-custodial wallet, and search for Hex Technologies, and stake your tokens.

If you do need a custodial solution:

- Reach out to us at https://hextrust.com/contact

If you are using a self-custodial solution, do ensure that you only connect to trusted websites, and follow usual best practices for keeping your wallet safe.

A key benefit of using HexSafe v2 to stake your assets is you will be able to enjoy the benefits of staking, as well as the benefits of security from a fully-licensed digital asset custodian.