3 min read

NEAR — How to Stake $NEAR Tokens with Luganodes

NEAR Staking Guide

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Published on

27 Nov, 2022

Introduction:

NEAR is a simple, scalable, and secure blockchain platform designed to provide the best possible experience for developers and users, which is necessary to bridge the gap to mainstream adoption of decentralized applications.

In this guide, we’ll show you how to delegate your NEAR tokens with Luganodes and start earning ~9% in a few simple steps.

Validator Details:

Validator ID: @luganodes.pool.near

Hash: 34dr27a9kUEEdsJi1xsjUCDnc5bKfZG1a4vqLFWX3ahZ

Blockexplorer Link: https://explorer.near.org/accounts/luganodes.pool.near

Unbonding Period:

  • Unbonding period is a timeframe in which the funds are locked when you unstake
  • The unbonding period on NEAR, is approximately 52–65 hrs, (4 epochs).

Step-by-Step Guide:

Step 1 — Set up your NEAR Wallet

  • To stake NEAR you will need a NEAR Wallet and NEAR tokens available
  • For this guide, we are using wallet.near.org

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Step 2 — Select Staking

  • Click the Staking button in the top left of your wallet

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  • This will take you to the Staking page within your wallet. Once here, click Stake My Tokens

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Step 3 — Choose Luganodes as your validator

  • Enter Luganodes in the Validator account ID (@luganodes.pool.near) field.
  • Click Select

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Step 4 — Set Stake Amount

  • Enter the amount of NEAR you want to stake in the Amount field
  • Click Submit Stake

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Step 5 — Confirm the Transaction

  • Make sure you’re happy with the transaction amount
  • Click Confirm to complete the process and stake your NEAR tokens

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  • This will take you to the Success page

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  • Check your staked amount and form Staking window

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Congratulations. You have successfully staked your $NEAR with Luganodes and are now participating in the NEAR network!

Step-by-Step Unstaking Guide:

Step 1 — Head over to your NEAR Wallet

  • Go to Staking

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Step 2— Unstake your tokens from luganodes

  • Click on unstake

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  • Choose the validator you want to unstake from

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Step 3— Choose the amount of tokens you want to Unstake

  • If you want to unstake all your tokens, click on Use Max

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Step 4— Confirm the transaction

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Step 4 — Withdraw after the unbonding period (52–65 hrs, 4 epochs)

  • You’ve successfully unstaked your NEAR tokens
  • To withdraw, head back to the staking section

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  • Your funds will move from Pending release to Available for withdrawal section after the unbonding period and you can withdraw your funds smoothly

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About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 36+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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