[English] How to stake WAN with WAN Desktop Light Wallet

Crypto Fennec
Aug 20 · 4 min read

Prerequisite:

  1. Download WAN Desktop Light Wallet (or HD Wallet) at
    https://www.wanchain.org/getstarted/
    and then choose at Desktop Light. (Windows , Mac or Linux)
You can stake with Desktop Light only. The Desktop version can’t stake

2. Minimum 100 WANs. (Please has a little 0.1–0.2 WANs for gas fees)

3. We recommend the Ledger Nano S for better security of you assets. (Optional)

Step to Staking / Delegation WANs

  1. Install a wallet and prepare an initial phase of generating seed phase (Don’t forget to write down a “Seed Phase” and keep it in the safe place), create your wallet password.
  2. Open your wallet with your password.
  3. If you use a Ledger Nano S to keep your WANs. You need to connect a Wallet to your Ledger by steps following

4. It’s time to stake! Please select a menu Delegation under Galaxy POS.

5. Select on New Delegation.

6. It will popup a delegation setting with below details.

6.1 Name — This is a Name / Address of Validators you can choose any validator as you want. After selected, quota and fee will display.

ADS: Please support us by Stake with “CryptoFennec”. We have a low delegation fee (8% right now) and max fee at 8%. You can certain that the fee will not exceed 8%.

Our official website: https://www.cryptofennec.com/
Validator Name: CryptoFennec
Validator Address:
0x2a2fee5d3aefdcddd8247e3ea094a591323f3879
Wan Explorer: https://www.wanscan.org/vld/0x2a2fee5d3aefdcddd8247e3ea094a591323f3879

6.2 Address — Address of Validator.

6.3 Quota — The remaining of WAN of Validator can be staked.

6.4 Max Fee (%) — The Maximum Fee of Validator can set. This one can make you sure about Validator will not change a Fee immediately without a limit.

6.5 Fee (%) is a current reward fee. Assume that current fee is 8% and you get 100 WANs as a reward. System will deduct 8% of your reward for Validator automatically. (8 WANs in this case and 92 WANs for you)

6.6 After you selected a Validator. In the bottom section (My Account), Select your address that you use for Staking. If you connected with Ledger Nano S. It will show a Connected Ledger Address from Step 3.

6.7 Balance — is current WANs you have.

6.8 Amount — Input an amount as you want to take and the minimum are 100 WANs or more. (You need a little WAN for gas fee — 0.1 to 0.2 Wan is fine). Click on “Next” botton then popup a confirmation window. You can click on “Send” button when you confirmed. (If you use a Ledger. you must confirm in Ledger to process a transaction)

6.9 Wait until a status change to “Success”

TIPS:

  • You can a more stake or exit your stake at “Top-up and Exit” buttons
  • You can check your delegation reward at the top of Delegation menu and can describes as below:

My Stake — Your total staked WANs in every Validators.

My Reward — Your total reward since the first staked.

Avg Network Reward — The average/prediction of annual reward percentage in the network.

Pending Withdrawal — If you exit or reduce your stake. It will show in here. Normally, it will take 3–4 Days to complete this task.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade