Delegate
Delegating NLS tokens is the process by which users earn rewards while contributing to the security of the Nolus network. This is achieved through delegation to a validator. Validators play a crucial role in maintaining the network's integrity. In addition to receiving staking rewards, NLS token delegators gain the option to participate in the governance process, shaping the Protocol's future development
To delegate NLS tokens, choose one of the following interfaces:
Nolus App
Nolus App
Click on Earn in the left sidebar
Next to NLS, click Delegate/Withdraw
In the pop-up window, input the amount you wish to delegate and click on Delegate
View the transaction details and click on Confirm
A pop-up to confirm the transaction will appear in your connected wallet
PingPub
PingPub
Visit the Ping.pub
To ensure that the explorer runs smoothly, connect to the Nolus Endpoint
Click on Staking in the left sidebar
Find a validator in the list to whom you wish to delegate and click on Delegate
In the pop-up window, input the amount you wish to delegate and click on Send
Confirm the transaction in your connected wallet
Important Considerations
When selecting a validator, perform due diligence by considering their bonded amount, commission rate, and uptime. In case of inactivity or malicious behavior, tokens delegated to a validator, including self-delegated ones, might be slashed.
Undelegating NLS tokens from a validator takes 21 days, however, transferring delegation to a different validator is instant. Bear in mind that subsequent redelegation from the same wallet is not possible for the next 21 days
Claiming Staking Rewards
Nolus App
Nolus App
Navigate to the Earn tab
Click Claim in the Rewards section.
Confirm the transaction, and your NLS tokens will appear in the Assets tab
PingPub
PingPub
Access your wallet through the blockchain explorer
Click Withdraw in the Delegations section
Confirm the transaction to claim your rewards
Redelegate
To redelegate NLS tokens visit the Ping.pub
Click on your wallet in the top right corner
In the Delegation section, find the validator you wish to redelegate from and click on Redelegate under Action
In the pop-up window, find a validator in the list to whom you wish to redelegate
Input the amount you wish to delegate and click on Send
Confirm the transaction in your connected wallet