Staking on Zillet

How to stake ZILs on Zillet?

Step 1. Select the staking tab. You'll see the stake option there. Just click on it.

Step 2. Enter the amount you want to stake and click on the stake button.

Step 1.5. (Optional) You can also choose the SSN node you want to delegte to

Wait for transaction to got confirmed

What are the benefits of staking?

When you stake your ZILs, your receive ZIL and gZIL (Governance ZIL) as a reward, this means you are allowed to vote on governance proposals on the Zilliqa ecosystem. But the best part is that you receive ZIL over time. This interest, reward, or inflation heavily incentivizes staking and is why you should delegate over long periods.

Who should you delegate your ZILs to?

There is no best choice. Every SSN has its characteristics. However, most people want to pick the safest and most secure SSN so they don’t lose any rewards. However, it is a general misunderstanding that there is a single best SSN to delegate safely. The best SSN to safely delegate is all of them. If you spread your ZILs across all SSNs, the risk is the lowest. You can check the table for the commission rate and details about SSN below.

Why should I delegate to Zillet?

Zillet is an open-source project with no revenue source currently, and it's one of the main pieces of the Zilliqa ecosystem. Zillet also has a competitive commission rate, and all the commission earned will be used for the development of the wallet. So it'll help us if you delegate your ZILs to Zillet while maintaining your security.

How can I delegate my staked ZIL to other SSN (ex. Zillet)?

Step 1. Select the staking tab.You'll see the Transfer Stake option there. Just click on it.

Step 2. Choose the delegator from you want to move your ZILs

Step 3. Select the SSN you want to redelegate your amount to (ex. Zillet) in second dropdown

Step 4 Enter the amount you want to move and click on the Transfer button

Wait for transaction to got confirmed

What happen if a ssn you have chosen is down?

Your ZIL will be safe. If the node you have chosen is down, then you will not receive rewards during that time.

What's the waiting period if I want to unstake my ZIL?

Delegating means that your ZIL cannot be transferred for 2 weeks, but you can redelegate to other SSN instantly. Technically, Redelegation takes one cycle to be completed (18 DS blocks). But the user doesn't doesn't have to perform any extra actions. You'll automatically start receiving the reward from the new SSN ( after 18 DS blocks)

Staked Seed Nodes (SSNs)