How to stake Aptos Using Nightly Wallet

Back in 2019, Aptos made its debut and quickly carved a niche for itself in the smart contract blockchain world. It’s been a magnet for developers and users, thanks to its robust tools for creating decentralized applications that tap into the power of blockchain.

Aptos isn’t just another name in the blockchain space. It stands tall, advocating for fair decentralization, scalability, and inclusivity. With cutting-edge tools like the Move programming language and Block-STM, Aptos is on a mission. And guess who’s steering the ship? Avery Ching and Mo Shaikh, the tech wizards from the Diem project that brought cryptocurrency to Meta’s doorstep.

The buzz around Aptos didn’t go unnoticed. Investors and developers flocked, bringing in a whopping $350 million from big-shot venture capital firms like Jump Crypto and Binance Labs. This financial boost shot Aptos’ market cap to an astounding $4 billion. And here’s the technical bit: Aptos runs on a PoS mechanism, and among its validators, Everstake stands out as a key player on the mainnet.

Understanding APT

APT, short for Aptos Token, is the lifeblood of the Aptos blockchain. Think of it as the currency that powers the entire Aptos ecosystem. It’s not just a digital coin you can trade or transact with; it’s also the primary asset you’d use if you’re interested in staking within the Aptos network.

But what makes APT unique? For starters, it comes with a vesting schedule. This means that the release of APT tokens over time is predetermined, ensuring a steady and controlled flow into the market. Additionally, to encourage users to stake their APT tokens, the Aptos network offers staking incentives. These incentives can be in the form of rewards or additional APT tokens, making it beneficial for users to lock in their tokens and support the network. And to ensure there’s a limit and scarcity, the initial supply of APT was capped at 1 billion.

If you’re scratching your head wondering what Aptos or APT is all about, don’t fret. There’s a comprehensive introduction titled “What is Aptos: APT Ecosystem Explained” that breaks down everything you need to know. And if you’re keen on diving into the world of staking and maximizing your APT holdings, the guide “Mastering Aptos APT Staking” is your roadmap to success.

A Brief Overview of the Nightly Wallet

The Nightly Wallet stands out as a modern digital wallet solution designed for today’s cryptocurrency enthusiasts. Whether you’re looking to store, trade, stake, or explore the world of DApps, Nightly Wallet has got you covered.

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  User-Centric Design: At its core, Nightly Wallet prioritizes user experience. With an intuitive interface, even those new to the crypto realm can navigate and manage their assets with ease.

  
  
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  Security First: Understanding the importance of asset security in the digital age, Nightly Wallet employs state-of-the-art encryption and security protocols. This ensures that users’ funds and private keys remain protected from potential threats.

  
  
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  Multi-Currency Support: The wallet isn’t limited to just one or two cryptocurrencies. It offers support for a wide range of digital assets, allowing users to diversify their portfolio all within a single platform.

  
  
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  Staking Capabilities: For those interested in getting passive income, Nightly Wallet offers staking features. Users can stake supported cryptocurrencies and receive rewards over time.

  
  
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  Integrated DApps: Beyond just storing and managing assets, the wallet provides seamless access to various decentralized applications (DApps). This integration allows users to interact with the broader blockchain ecosystem without leaving the wallet environment.

  
  
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  Regular Updates: The team behind Nightly Wallet is committed to continuous improvement. Regular updates ensure that the wallet stays compatible with the latest blockchain developments and provides users with new features and enhancements.

  
  

Aptos Staking Prerequisites

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  To activate an Aptos Delegation Pool, a collective total of 1M APT tokens is necessary (this can be achieved through either the validator’s own bond or through the delegation from users and large investors).

  
  
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  For delegators, a minimum delegation of 11 APT is mandatory.

  
  
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  While there’s no set duration for staking, be aware that once staked, your APT will be locked in for a timeframe set by Aptos governance.

  
  
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  Given that Aptos governance dictates the lockup period, there isn’t a maximum duration for how long you can stake in validation.

  
  
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  It’s worth noting that each validator might have varying fee rates for delegation.

  
  

How to Stake Aptos via Nightly Wallet: Step-by-Step Guide

Here, we’ll share the steps to make your staking journey seamless. From understanding the staking process to mastering the delegation of staked tokens and pinpointing how to get your node ID as an APT aficionado, we’ve got it all covered.

Step 1: Install Nightly Wallet from Google Web Store

Navigate to the Google Web Store in your Chrome browser. Search for Nightly Wallet in the search bar. Once located, click the Add to Chrome button to install Nightly Wallet extension to your browser.

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Step 2: Getting Started with Nightly Wallet

Simply click on the Nightly Wallet icon in your toolbar. In the pop-up, select Create new wallet to kick off the setup for your brand-new account.

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Step 3: Secure Your Wallet

Choose a robust password to ensure your wallet’s safety. Once you’ve decided, click Next to proceed. Safety first!

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Step 4: Safeguard Your Secret Phrase

Your secret phrase is the key to your funds and account recovery. Make sure to jot it down securely and keep it private. After saving it in a safe location, click Create a wallet to finalize the setup.

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Step 5: Pin Your Wallet for Quick Access

Congratulations, your wallet is now successfully integrated with Chrome! For a seamless experience, pin the wallet extension. This way, it’s always just a click away when you need it.

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Step 6: Access Your Wallet via the Toolbar

Now, navigate to the toolbar and click on the wallet icon. This will open up your wallet, allowing you to view your funds, make transactions, and manage your account.

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Step 7: Fund Your Wallet and Start Getting Rewards

To kick things off, deposit some funds into your wallet. Once you’ve done that, simply click on either Aptos Coin or Stake to begin getting rewards on your balance.

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Step 8: Opt for Regular Staking

Navigate to the staking section and select Regular staking. Then choose a validator you would like to delegate with.

As you consider validators, choose Everstake. To delegate with us, please use our Pool Address: 0xdb5247f859ce63dbe8940cf8773be722a60dcc594a8be9aca4b76abceb251b8e.

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Step 9: Everstake Welcomes Your Delegation

Once you have chosen the validator, specify the amount of tokens you desire to delegate, and take the next step by pressing the Create position.

Success! Your APT tokens are staked.

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Step 10: Mission Accomplished!

Your tokens are now delegated with Everstake. We’re committed to optimizing your staking rewards. In the Nightly wallet, you can track the staking details, for example, how many tokens you have delegated, how many rewards have already been accrued, and more. 

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The Takeaway

Aptos has solidified its position as a formidable player, offering innovative tools and a strong commitment to decentralization and scalability. Its rise, powered by notable figures and substantial financial backing, is only further enhanced by tools like the Nightly Wallet, which provides users with an intuitive and secure gateway to this blockchain universe.

Our proud collaboration as a trusted validator on the Aptos network underscores our shared vision for a decentralized future. As we move forward at Everstake, we remain dedicated to providing our community with a secure and optimal staking experience, confident in the shared journey we embark on with Aptos.

Everstake is steadfast in its mission to offer the community a safe and efficient staking avenue, with the shared objective of furthering the Aptos cause.

Opting to stake Aptos APT via Everstake is not just about generating passive revenue; it’s also about strengthening the Aptos network’s foundations. To understand the potential returns and the nuances of staking APT through us, we invite you to visit our Aptos Staking page.

With an impressive presence across 70+ blockchains, Everstake’s reputation as a reliable validator is well-earned. Our commitment isn’t just limited to offering competitive rates; it extends to reinvesting in our staking infrastructure and creating innovative tools and applications that elevate the overall blockchain user experience.

By partnering with Everstake, delegates not only benefit from an unparalleled staking journey but also play a pivotal role in fortifying and broadening the horizons of the Aptos ecosystem.