Staking LTO tokens
Tutorial for staking on the official LTO web wallet.
Now, that you have your web wallet and bought your LTO tokens from one of the exchanges, you probably want to stake your LTO and make use of the current network APY (yearly ROI). To do that head to the leasing menu on the left:
Enter the Leasing menu for an overview of your leases and community nodes.
Since we have a brand new wallet there are no leases listed here right now. Let's change that by selecting Start lease, and chose one of the community nodes to lease to.
The Leasing overview will have all the leases you start in a chronological order.
While the lease starts nearly immediately, it will take approximately 16 hours to mature. Once a lease matures it starts generating LTO rewards for you.
The leasing tab provides an overview of community nodes.
Select any one of these community nodes and start your lease. You will need to specify how many of your LTO tokens you want to lease, and you will pay a 1 LTO fee for the lease to start.
Leasing and canceling a lease cost 1 LTO each! So if you get your leasing rewards from a node do not cancel your old lease, simply open a new lease for the reward. Otherwise, you'll lose 16 hours and the LTO fees.
And now you've officially staked your LTO! You can check the public community node overview (provided by LTONod.es) to find out who to contact for node-related questions or when your node pays out rewards.
Last modified 1yr ago