ZCN Staking Guide
Staking is officially open to the community! Follow this detailed, step-by-step guide to learn how to stake ZCN on Bolt:
1. Create a Metamask Wallet
The first step is to create a Metamask Wallet. You can check the complete guide here.
2. Buy ZCN and ETH
Next, buy some ZCN and ETH. (Skip this if you already have some).
DEX (Decentralized Exchange):
1Inch is your best choice. It will give you the best on-chain price and the best liquidity. Alternatively, you can use Matcha if you are in the US. Here is a beginner guide to 1Inch.
Tip: You can set limit orders on 1Inch or Matcha to get better prices and save on gas fees.
Please note that ETH transactions can be very expensive, so proceed with caution before interacting with Ethereum. Always check the gas price on Etherscan.
Etherscan estimates the cost of a swap or other interactions will be. Example:
CEX (Centralized Exchange)
Gate.io is your go-to option. It currently does not have as much liquidity as 1inch, but you can trade with ETH or USDT.
3. Send ZCN and ETH to Metamask
Next, send ZCN and some ETH to your Metamask Wallet. You will need ETH to cover transaction fees when depositing your ZCN (ERC-20) to Bolt (Züs Mainnet).
Important note: This process can be expensive, depending on the gas price. It can range from 15 to 150 USD, so make sure to have enough ETH before proceeding. Always check Etherscan.
4. Create a Bolt Wallet
If you already have an e Züs account, you already have a Bolt wallet. Simply sign in using the same phone number you used to register.
5. Deposit ZCN to Bolt
Now that you have some ZCN and ETH to cover transaction fees, you will need to deposit your ZCN to Bolt. Navigate to “Deposit ZCN” and follow the instructions.
For more details, please check How to Deposit ZCN to Bolt (Token Bridge).
6. Stake ZCN
Now that you have ZCN on your Bolt Wallet, all that is left is to stake.
Click “Add Stake” on https://bolt.holdings/stake
7. Choose between “Miner, Sharder, or Blobber.”
8. Select Provider
9. Confirm provider
10. Input Stake amount
11. Confirm Your Stake
12. View your Stake on “Current Stakes”
You can view all your stakes on “Current Stakes” on the Stake page. On “Manage,” you can increase your stake with “Add Stake” and unstake. Please note that you can only unstake the entire stake and not unstake partially.
13. Claim Rewards
Once you are staked to a provider, you can start collecting rewards. Rewards do not compound automatically; you need to claim them and stake your earnings. To do this, click “Claim Rewards” on the Stake page.
14. All done!
Now that you have collected ZCN rewards, you can repeat the process again to compound your earnings. Alternatively, you can stake on the same pool on “Manage”, on the Stake Page.
Maximizing Returns
Fees are really cheap on Züs — fractions of a cent! So feel free to stake and unstake to test different providers and maximize your return.
Now you may wonder where to stake:
Miners and Sharders give you a more steady return. They have a fixed income of about 50–60k ZCN per year. The more people are staked on them, the more the rewards are diluted. Make sure to stake to a Miner/Sharder with the least amount staked to get a higher APR.
Blobbers offer a more variable income. They are dynamic, and their rewards depend on some variables. The most performing Blobbers currently offer the best APR, but you have to choose wisely.
Staked ZCN: Blobber rewards depend mainly on their total staked ZCN. However, they need some used storage to generate rewards. So make sure your blobber has a few TBs of data stored.
Quality Score: Another good indicator is their quality score. The higher their quality score, the more challenges they pass as opposed to failure. Passing challenges results in rewards, and failing results in slashing, so make sure the provider has a high-quality score.
Service fee: Also, check their service fee. Service fees can be up to 50%, meaning they will charge up to 50% of your reward share.
In short, you want a blobber with a high stake, a good quality score, and a fair service fee.
Atlus: On Atlus, you can see all these stats and find the best-performing Blobbers.
