Harmony staking one1aagrkq9vg49jm5xx22fvm4leg0lt48qeupexvu
Stake ONE with Everstake, your trusted staking provider
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Everstake is the best place for holders. We provide the highest levels of security, support, and governance insight to protect your assets and help you to generate maximum returns.
Delegating step by step
Why delegate Harmony to Everstake validator?
By delegating your ONE tokens to Everstake you get rewards for your stake increasing the amount of cryptocurrency that you have as opposed to simply holding it with a desire to sell it once the market offers a higher price. Furthermore, active network participants increase the decentralization of the network, making it more stable and robust against different attacks. Running your own node validator not only requires high-end hardware, stable and fast internet connection, well-maintained software but also it takes deep technical knowledge related to node deployment process and maintenance. Our highly-experienced technical team supports the infrastructure that you can rely on without the need to deploy your own node for staking operations.
How to delegate Harmony tokens to Everstake?
We've got you covered! Our team has released a few step-by-step guides to make your staking process effortless. One of the most common ways to stake Harmony is via a Google Chrome extension – Harmony One Wallet. Make sure that you are using the latest version of the original extension. For those who used it before and haven't updated in time, please delete a deprecated extension and follow our Guide steps for account recovery.
Feel free to give a try to other wallets if you prefer staking on
Staking was never easier with these walk-through guides:
There is also an alternative (and not that popular :)) way to stake, which requires a bit of coding from a user:
Token (code): ONE
Block rate: ≈2 sec.
Epoch time: ≈18h
Percent of the supply staked: >41% (in March 2021)
Why to stake Harmony with Everstake?
"Everstake is built by professionals who have been enthusiasts in blockchain and cryptocurrencies for several years so far. We have great hands-on experience in building blockchain products of all kinds, ranging from small developer tools and comfortable mobile wallets to exchanges and sophisticated enterprise-level blockchain tools for businesses. We have experienced software and hardware specialists who built us staking machines for all best DPoS blockchains. We offer continuity and care about the loyalty of our customers, who can stake any coin with us, with the same level of transparency, stability of rewards, and comfort."
Everstake's team strives to maintain the decentralization and stability of the TON blockchain. By supporting the TON ecosystem, we can create a better environment for the network growth and common benefit. Everstake is one of the initial network members, and we strive to get involved in TON ecosystem improvement at all levels. We vote, take part in contests and support the blockchain when it comes to important updates and developments.
Got issues? We’re here to help
Check our Learning Center for more information on Harmony
In simple words, Harmony staking can be compared to a bank deposit, where you delegate (delegation means bonding with the smart contract, not actual transferring in this case) your Harmony tokens to a particular network validator to empower the network decentralization, security, and performance. For this initiative, the network rewards individuals that staked their ONE tokens.
Harmony Protocol is a Proof-of-Stake blockchain which means the security of the network is protected by staked tokens. ONE token is the native token that’s accepted for staking. Potential node runners need to stake a certain amount of ONE token to be elected as a validator. ONE token holders are also able to delegate their ONE tokens to existing validators to participate in the staking process. The more ONE token staked, the more secure the network becomes. Elected validators who successfully sign blocks will receive block rewards in ONE tokens as compensation for their services.
Staking in the mainnet brings you about 11-12% APY minus validator fee, which is calculated as percentage of the block reward. For our delegators convenience, we have developed a Staking Rewards Calculator to estimate potential benefits. The calculation of rewards is based on multiple factors such as: uptime, amount staked, keys used, vps reliability. The validator takes their fee for running the software and its maintenance, which results in a percentage of the block rewards. When you find that validator's fee is higher than average, this may be explained by a higher level of service and responsibility, as well as safety and security measures taken.
7 epochs. Please be aware that during unstaking period you won't be receiving rewards.
You can keep a track of rewards within a wallet. Currently, few wallets support ONE staking feature. Amongst them, Harmony One Wallet Chrome extension (desktop), Trust Wallet through Frontier (iOS), Math Wallet and Frontier Wallet (both Android and iOS), Guarda Wallet (both mobile and desktop), Blits Wallet. Please check our step-by-step Guides for more information.
To compound (add to a current stake), you have to claim your rewards first. You can claim rewards at the end of each epoch. Once you've collected a minimum amount to stake (1000 ONE), you are able to compound those.
It’s very important to mention that staking doesn’t mean that you actually send your tokens to another address, instead your Harmony gets locked up by the network until you decide to unfreeze it later on. Once it’s locked, the cryptocurrency can’t be used for any other purpose, except staking that you will be getting rewards for.
Yes, you do have a full control of your tokens, it is just locked up by the network. Feel free to use your tokens once you have unstaked them. Please be aware of the unstaking period.