Staking Tezos (XTZ) FAQs

Everything you need to know about staking Tezos (XTZ) from your Exodus wallet.


In this article:


What is Tezos staking and how can I benefit from it?

Staking Tezos tokens is a great way to earn passive Tezos income. You can view it as earning interest on your crypto holdings. With some assets, staking means you agree to lock up your tokens for a certain period of time, during which they are unspendable. However, this is not the case with Tezos. You can spend your Tezos whenever you choose.

By staking your Tezos, you actively support the Tezos network by allocating resources to it and contributing to the stability of the Tezos network. In return for your support, you earn Tezos tokens as a reward.


What actually happens when I stake my Tezos?

In order to stake your tokens, what you are really doing is delegating your XTZ address (and the tokens your address holds) to a so-called "baker". The Tezos bakers validate and approve transactions on the Tezos blockchain. The more tokens that are delegated to them, the more transactions they get to validate and the more powerful they become. By delegating your tokens to them, you basically "vote" for and signal your trust in them.

The more transactions a baker validates, the more money they earn. From the earned rewards, they give back to all the people who delegated their tokens to them. This is how you earn your interest.


Can I choose the amount I want to stake and is my balance spendable while it's staked?

When you stake your Tezos, you are actually staking your Tezos address. This means you can't choose how much to delegate to the baker. It is all of your Tezos balance or nothing, as you are delegating your address to the baker. You can still perform normal transactions while your Tezos is staked. When it is time to receive your rewards, a snapshot will be taken and your current balance at that time will be used to calculate your reward.


Which baker will I be delegating my funds to?

When you stake your Tezos inside of Exodus, you will be supporting our staking API provider Everstake.

If you would like to keep up with how Everstake is going to vote, you can see their latest news by checking out their blog.


How much can I earn from staking my Tezos?

To find out more about what Annual Percentage Yield (APY) is and how to view the current APY for XTZ, please check out this article: What is APY?

You can also find the latest yield here: Tezos Staking Rewards


What is the minimum amount I need to start staking?

The required minimum is only 1 XTZ.


Does Exodus charge a fee to stake my Tezos?

There are only two fees involved with staking your Tezos. One fee is a transaction fee cost of 0.00284 XTZ. The other fee is called a baker fee. The baker fee is an operation fee, and this means that if you stake your Tezos inside of your Exodus wallet, Everstake will take an 10.9% operational fee, which means you will receive 89.1% of the generated rewards.


When will I start earning rewards?

When you stake your Tezos (XTZ), you will initially need to wait 23 days to be approved. After this 23 day waiting period, you will start to earn rewards every 3 days. So you will receive your first XTZ rewards after 26 days.

If you stake any additional XTZ afterwards, that amount will also need to wait 26 days before earning rewards.

Your rewards for each 3-day cycle will be calculated for your XTZ balance 23 days from the current cycle. This means if you send or receive XTZ, you will see rewards on the updated balance in 26 days.

You can see how long your Tezos has been staking in your Tezos wallet.

When you unstake your Tezos, you will continue to earn rewards from previous cycles, so rewards will continue to appear in your XTZ wallet every 3 days for the following 23 days.


Is staking Tezos safe?

Staking your Tezos is done in a non-custodial way in Exodus. That means that it is as safe as holding it in your wallet. You keep full control over your tokens while they are staked and you're even free to use your funds and move them around while they are staked.

So instead of letting them sit idly in your wallet, you might as well put them to good use and let them earn rewards for you!


How do I stake/unstake my Tezos inside of Exodus?

Desktop:

Stake

1
Open up your Exodus wallet and click on the  Rewards icon.

2
Navigate to where it says Tezos and then click on Get Reward.

3
Then, click on Stake XTZ

Just follow the on-screen prompts and you are done!

Unstake

1
Open up your Exodus wallet and click on the Rewards icon.

2
Navigate to where it says Tezos and then click on Overview.

3
Then, click on Unstake XTZ

Just follow the on-screen prompts and you are done!

Mobile:

Stake

Staking in Exodus is super easy. Please follow the steps below:

1
First, open your Tezos wallet inside of Exodus on your mobile, then tap on the Earn Rewards icon in the top right corner to open the Tezos rewards section.

2
Tap on Stake XTZ.

Unstake

If you change your mind you can unstake your Tezos anytime. In order to do that, please follow the steps below:

1
First, open your Tezos wallet inside of Exodus in your mobile wallet, then tap on the Earn Rewards icon in the top right corner to open the Tezos rewards section.

2
Tap on Unstake XTZ.

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