Nillion is a decentralized network that enables secure computation on private data without decryption through an approach called “blind computation,” which ensures greater privacy and security.
This guide will walk you through all the steps needed to start staking its native token, NIL, with Everstake using Keplr.
What Is Nillion
Nillion Network masks and distributes data across multiple nodes, with each node performing computations without access to the actual contents. The final output is the combination of their results. This process is known as blind computation.
For more details on Nillion, refer to our overview.
What Is Keplr Wallet
Keplr is a wallet designed for compatibility with Cosmos’s IBC (Inter-Blockchain Communication protocol). It allows users to move digital assets back and forth across numerous chains.
Learn more about Keplr from its official website or watch the official video guide.
How to Stake NIL via Keplr
Go to the official website and download the app as a browser extension or a mobile version, whichever you prefer.
You can create a new wallet from scratch or import your existing wallet by using your seed phrase when prompted.
To create a new wallet, hit Create a new wallet and then proceed with the secret phrase.
Verify your phrase and come up with a secure password when prompted.
When prompted to select chains to display, keep all default chains and add Nillion.
You have successfully created a new wallet!
To use it, find Keplr in the browser apps (the jigsaw puzzle logo in the upper right corner of Chrome). Once there, type Nillion in the search bar and copy your NIL address.
Send NIL to the wallet from one of the exchanges where it’s listed. Once the tokens arrive, you can start staking. To do that, hit Manage Portfolio in Kelpr Dashboard, which will take you to the aforementioned dashboard.
In the dashboard, choose the Staking tab and type Nillion in the search bar. Once the chain appears, click on it and hit Stake to the right of your balance.
Choose Everstake as your validator when offered a selection of options.
Specify how much you want to stake. Be sure to keep at least 0.1 for transaction fees.
If you see a notification like this, it means you’ve successfully staked your NIL with Everstake, it was included in the block, and your stake became active.
You will be able to track the rewards on the Keplr staking dashboard and claim them anytime you want.
How to Stake NIL Using Keplr’s Mobile Extension
Part of the process is similar to the one described above, including installing, creating, or importing a wallet and topping up the NIL balance. Once you send NIL to your wallet, reopen Keplr Mobile, hit Nillion, and then Stake.
You will be shown data like APR, current price, and available balance.
To start staking, hit Stake.
Select Everstake as your validator.
To continue staking, review the presented information on staking with Everstake and hit Stake. By doing so, you agree with the validator’s conditions.
Specify how much you want to stake and hit Next.
Confirm the transaction by hitting Approve. Note that you will have to keep some NIL to pay the transaction fee.
If you see this screen, it means your transaction was successful and your NIL is now staked with Everstake. Hit Done.
You can see your active stake in the NIL menu of the wallet.
Once there are enough rewards accumulated, they will be displayed on the main menu. Hit Claim All to withdraw them when necessary.
About Everstake
Everstake validates 85+ blockchains servicing over 735k users worldwide, maintaining a near-perfect uptime for 7 years and counting. We dedicate a team of community, DevOps, and R&D specialists to each chain. For more details, you can always contact our Nillion community specialist on X.
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Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of, or otherwise hold or manage, customer assets. Everstake does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.
