3 min read

Radix — How to Stake $XRD Tokens with Luganodes

Radix Staking Guide

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Published on

12 Jan, 2023

Introduction:

Radix is a layer-1 blockchain platform that aims to provide high-performance infrastructure for decentralized finance (DeFi) applications with features such as proprietary programming language, Scrypto and cross-shard composability through Cerberus consensus mechanism.

In this guide, we’ll show you how to delegate your XRD tokens with Luganodes and start earning ~11.3% in a few simple steps.

Validator Details:

Validator Name: Luganodes

Validator Address/ ID: rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg

Blockchain Explorer Link for the Validator: https://explorer.radixdlt.com//#/validators/rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg

Unbonding Period:

  • Unbonding period is a timeframe in which the funds are locked when you unstake
  • The unbonding period on Radix is 500 epochs, or between 1–3 weeks (depending on how quickly the network is producing “rounds”)

Step-by-Step Guide:

*We’ll be staking XRD tokens using the Radix wallet mac app

Step 1 — Set up your Radix Wallet

  • Head over to https://wallet.radixdlt.com/
  • Select the operating system you want the wallet for (We’ll using Mac OS for this staking guide)

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  • Create a new wallet if you don’t have one

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  • Proceed and put in all the relevant details to set up your wallet

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Step 2 — Stake with luganodes

  • Once you’ve successfully set up your Radix wallet and added funds to it, go to Staking & Unstaking tab

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  • Here, under Stake Token, enter the relevant details.
  • Validator ID (For luganodes )- rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg
  • Enter the amount of XRD tokens you want to stake and click on Stake

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Step 3— Confirm the transaction and check your staked amount

  • Once you've entered relevant details for staking, Enter your Pin and confirm the transaction

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  • Once you’ve confirmed the transaction, wait for a few minutes for it to reflect in your account (This could take 30–60 minutes)
  • You can check your staked amount under the Balance section

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  • To check whether your stake is successful and more details, head to Staking & Unstaking section

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Step-by-Step Unstaking Guide:

Step 1 — Head over to Radix wallet and log in with the same credentials you used in the staking process above

  • Under the Stake & Unstake tab, you can check your tokens staked and select Request Unstake

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Step 2— Initiate the Unstaking process

  • Enter all the required details
  • Validator ID (For luganodes )- rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg
  • Enter the amount of XRD tokens you want to unstake and click on Request Unstake

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  • Enter your Pin and Confirm Transaction

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  • Wait for some time to process the transaction

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  • You can check Under the History tab that your Unstake Request is successful

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Step 3— Withdraw after the unbonding period (500 epochs, or between 1–3 weeks)

  • Head over to Stake & Unstake Tab to check the progress of your Unstaking and your funds will be available to withdraw after the Unbonding Period

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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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