Zilliqa is a blockchain designed to create smart contracts and decentralized apps. It improves chain scaling using network sharding which is a distinctive feature of Zilliqa. Sharding divides the network into several mini-blockchains called “shards”. Due to shards, all data coming into Zilliqa’s blockchain can be processed in smaller sections and shared asynchronously among the shards.
This guide will show you how to connect your ZilPay Wallet and stake ZIL via the Zillet Platform.
What is Zilliqa?
Zilliqa’s network capacity is several hundred thousand TPS, and its architecture relies on task parallelization to distribute work and computation within a peer-to-peer network, allowing delegates to stake coins safely and earn rewards. Though it is not only limited to staking – high TPS increases blockchain utility for DeFi and creating dApps.
To learn more about Zilliqa, please read our article Introduction to Zilliqa: A Blockchain Platform Designed to Scale in Transaction Rates.
What Is the Zillet Wallet?
Zillet is a web-based wallet to store, send and receive your Zilliqa (ZIL) tokens. Zillet.io simplifies user interaction with its digital assets, slick UI, and various tooltips for users.
You can access the Zillet Wallet using:
- A private key.
- A keystore file.
- A mnemonic phrase.
- The ZilPay extension.
- The Moonlet Wallet.
- The Ledger Wallet.
ZilPay Wallet Review
ZilPay is a browser extension that everyone can use in the browsers: Chrome, Firefox, Opera, and Brave. ZilPay allows connection to the Zilliqa blockchain just from an extension. It can simplify Zilliqa usage and allow users to run Zilliqa apps from their browsers.
Developers can integrate smart contract calls to be able to work directly with dApps, which makes it easier for developers to work with the Zilliqa blockchain.
ZilPay allows users to transfer coins and tokens on the Zilliqa blockchain with anyone, anywhere, with the ability to import accounts from any external wallet on the Zilliqa blockchain. It also makes users part of a secured decentralized digital world to start exploring ZRC-2 assets and their applications.
Why Stake Zilliqa?
Staking ZIL is a great way of getting passive income. There are lots of opportunities for staking ZIL, and Everstake is one of them.
How to Create a ZilPay Wallet
ZilPay is a browser extension for storing and transferring Zilliqa-based cryptocurrencies.
To create it, visit the official ZilPay website and click the Chrome Extension button.
After you’ve been redirected to the Chrome Web Store, click the Add to Chrome button there.
You will be redirected to the wallet creation page when the Zilpay extension is successfully downloaded. Then you can create a new wallet or restore an already existing one. If you do not have ZilPay, click Create.
The wallet will generate a random secret phrase that you have to remember in the following order. You may choose 12 or 24 words in a secret phrase.
Press the Continue button after remembering and/or writing down the secret phrase. There you’ll need to recreate your secret phrase to prove that you have remembered it.
You will see an account creation page where you will need to name your account and create a password to access the extension if you recreate your secret phrase in the right order.
If you perform all steps above correctly, you will see the same wallet extension as the image below.
Congrats! You have created your ZilPay Wallet.
How to Stake Zilliqa
Staking is the best way to secure the blockchain and maintain the network. When staking ZIL coins, you will earn rewards for your service to the Zilliqa network and ecosystem.
Step 1. Log in to ZilPay
Open the ZilPay extension and unlock your wallet by entering the password.
It is needed to have ZIL tokens for staking. You will first need to replenish ZilPay by buying ZIL coins on CEX or DEX and transferring them to your ZilPay Wallet address if you do not have them in your wallet.
Step 2. Connect ZilPay to the Zillet
1. Go to the Zillet Platform.
2. Select ZilPay from the wallet list and click the Connect button.
3. Ensure that you are on zillet.io and click Connect one more time.
4. You should be redirected to the dashboard after confirming the connection in the ZilPay Wallet.
You should see all these blocks that are in the picture above. If you do, congrats! You have successfully connected your ZilPay Wallet.
Step 3. Select an SSN Operator and Delegate ZIL
- Choose Staking from the menu tab.
- You will see the staking dashboard. Then press the Stake button in the lower right corner.
3. Enter the amount of ZIL tokens you will stake and choose an SSN operator (for example, Everstake.one). 
4. Then click Stake to confirm your transaction.
Please note that there is a fee of 60 ZIL for this transaction, and the minimum staking amount is 10 ZIL.
Also, please ensure you have at least 100 ZIL after staking to pay the gas fee for future withdrawals.
After that, you will be redirected to the ZilPay extension where you should accept your transaction by clicking the Confirm button.
After your transaction is sent, you will receive a pop-up with the address of your transaction.
The transaction will appear in the Transactions section if you have successfully staked your tokens.
That’s it. You have staked your ZIL tokens!
How to Claim Rewards on Zillet
It’s reward time! To claim your staking rewards, you need to click the Claim Rewards button in the lower left corner of the staking tab. You will also see the number of rewards you’ve earned there.
You will be redirected to the ZilPay extension where you need to confirm the rewards withdrawal transaction. You should pay a 60 ZIL gas fee.
Conclusion
Congrats! You have claimed your ZIL staking rewards.
Everstake is a validator for over 70 blockchains and has a dedicated team of community, DevOps, and R&D specialists. You get your blockchain community representative with Everstake. Feel free to contact our Zilliqa Blockchain Manager on Twitter.
