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

1. Visit the Nolus App.
2. Click on "Earn" in the left sidebar.
3. Next to NLS, click “Delegate/Withdraw”.
4. In the pop-up window, input the amount you wish to delegate and click on “Delegate”.
5. View the transaction details and click on “Confirm”.
6. A pop-up to confirm the transaction will appear in your connected wallet.

 

 

PingPub

1. Visit the Ping.pub
2. To ensure that the explorer runs smoothly, connect to the Nolus Endpoint as seen below:
3. Click on "Staking" in the left sidebar.
4. Find a validator in the list to whom you wish to delegate and click on “Delegate”.
5. In the pop-up window, input the amount you wish to delegate and click on “Send”.
6. 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

1. Open the Nolus App.
2. Navigate to the "Earn" tab.
3. Click "Claim" in the Rewards section.
4. Confirm the transaction, and your NLS tokens will appear in the Assets tab.

 

 

PingPub

1. Access your wallet through the blockchain explorer.
2. Click “Withdraw” in the Delegations section.
3. Confirm the transaction to claim your rewards.

 

 

Redelegate

To redelegate NLS tokens, choose one of the following interfaces:

PingPub

1. Visit the Ping.pub.
2. Click on your wallet in the top right corner.
3. In the “Delegation” section, find the validator you wish to redelegate from and click on “Redelegate” under Action.
4. In the pop-up window, find a validator in the list to whom you wish to redelegate.
5. Input the amount you wish to delegate and click on “Send”.
6. Confirm the transaction in your connected wallet.

 

 

Additional Supported Interfaces

Kujira Pod, Leap Wallet, REstake App