How to Stake ALEO with Beta Staking

Staking ALEO allows participants to actively contribute to the security and stability of the Aleo network while getting rewards for their involvement. By locking up your tokens and delegating them to validators, you help strengthen the network’s consensus mechanism and get proportional rewards.

Since Aleo mainnet is live, staking is one important way the Aleo community can contribute to the crypto-economic security of the promising network.

What is Aleo?

Aleo is the first decentralized platform to offer a seamless combination of privacy and programmability for Web3 applications. It is designed to meet the needs of developers, enterprises, and individual users while creating a sustainable and equitable Web3 ecosystem. 

Key Features of Aleo:

• Zero-Knowledge Cryptography. Aleo utilizes zero-knowledge proofs, a technology that allows verifying the truth of information without disclosing its content.
• Developer-Friendly Platform. It provides tools for building private and programmable decentralized applications.
• Token Utility. Aleo Tokens are integral to the ecosystem, enabling users to access verification services, reward validators, and secure the network.

Why Stake ALEO?

Staking ALEO allows you to actively contribute to the security and stability of the Aleo network while getting rewards for your involvement. By locking up your tokens and delegating them to validators, you help strengthen the network’s consensus mechanism and get proportional rewards.

Benefits of Staking ALEO:

1. Network Security. Your staked tokens play a crucial role in maintaining the integrity and resilience of the Aleo blockchain by supporting its decentralized architecture.
2. Daily Rewards. Stakers receive a share of inflationary rewards distributed among validators. The rewards are proportionate to your staked amount and grow as the network expands.
3. Open to Everyone. For participants with 10,000 or more ALEO tokens, direct staking is an effective way to secure the network and get rewards. 
4. Flexible Solutions. Beta Staking offers a liquid staking protocol, making it easier for users to participate in staking regardless of their token holdings. It ensures inclusivity and allows smaller holders to contribute to and benefit from the network.

Staking ALEO is an active contribution to the future of private and programmable decentralized applications. Lets talk about Beta Staking 

What is Beta Staking?

Beta Staking is a liquid staking protocol that simplifies the process of staking ALEO tokens, removing the barriers that are often associated with traditional staking. Unlike direct staking, which requires a minimum of 10,000 ALEO, Beta Staking allows users to stake any amount, making it accessible to everyone. 

When users stake ALEO through Beta Staking, they receive stALEO tokens in proportion to the amount staked. These tokens act as a representation of their stake in the pool and are fully liquid.

In addition to staking, Beta Staking supports trading pairs for stALEO, enabling users to conduct transactions or participate in DeFi activities without compromising their potential. The protocol combines ease of use, accessibility, and flexibility, making it an attractive option for all ALEO holders.

How to stake ALEO from Beta Staking website

Follow these easy steps to stake your tokens. 

Step 1: Visit the Official Beta Staking Website
Go to Beta Staking and click on the Connect Wallet button.

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Step 2: Connect Your Wallet
Select a supported wallet (Puzze, Fox Wallet, Soter, Leo, Avail).

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Step 3: Initiate Staking

• Confirm the connection to Beta Staking in your wallet, check the box I understand the risk and want to proceed.

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• After connecting your wallet, click the Stake button on the homepage.

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Step 4: Enter Staking Amount

• Specify the number of ALEO tokens you want to stake and Confirm the transaction by clicking on Stake.

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Step 5: Receive stALEO

• Once the transaction is processed, you will receive stALEO, representing your share of the staked pool.

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• Your dashboard will display the staked amount, current rewards, and the annual percentage rate (APR).

How to stake ALEO with Beta Staking in Fox Wallet

Built to support Aleo Mainnet, Fox Wallet provides a smooth, intuitive experience for developers, investors, and blockchain enthusiasts, along with a built-in Aleo staking service powered by Beta Staking — currently available exclusively within the Fox Wallet app.

Staking ALEO with Fox wallet takes just a few steps

Step  1: Download Fox Wallet
Visit Fox Wallet’s official website to download and set up the wallet.

Step 2: Access Staking Options
Open the app, navigate to your ALEO balance, and select the Stake option.

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Step 3: View Beta Staking Details

The app will display information about Beta Staking, including stats and your available balance. Tap Stake again.

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Step 4: Confirm the Transaction

Authorize the staking transaction in your wallet. Once completed, you will see your staked amount and rewards.

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Key Points About Beta Staking:

• Unified Staking Pool: All participants contribute to a single staking pool, ensuring equal access to rewards.
• Daily Reward Distribution: Rewards are distributed daily based on your proportional share in the pool.
• Liquidity Through stALEO: stALEO tokens can be traded or used across various DeFi platforms.
• Dashboard Updates: Staking data is updated every 24 hours.