Everything you need to know about staking Tezos (XTZ) from your Exodus wallet.
Need a crypto wallet to stake XTZ? You can download Exodus here.
In this article:
Tezos (XTZ) staking FAQs
Answers to frequently asked questions about staking Tezos (XTZ).
What is Tezos staking?
Staking Tezos (XTZ) means allocating resources to the Tezos network and contributing to its stability. In return, you earn XTZ as a reward.
With some assets, staking means you agree to lock up your tokens for a period of time, during which you can't send or swap them. However, this is not the case with Tezos. You can transact with your Tezos while it's staked.
Staking allows you to earn XTZ rewards, which can be claimed from your Exodus wallet.
Video tutorial: How to stake Tezos
What happens when I stake my Tezos?
To stake your tokens, you are delegating your Tezos (XTZ) address and the tokens your address holds to a validator, also known as a baker in the Tezos ecosystem.
Bakers validate and approve transactions on the Tezos blockchain. The more tokens delegated to them, the more transactions they get the opportunity to validate. By delegating your tokens to a baker, you vote for and signal your trust in it.
The more transactions a baker validates, the more money it earns. From the earned rewards, they give back to everyone who delegated their tokens to them. This is how you earn XTZ rewards.
Can I choose the amount I want to stake?
When you stake your Tezos, you are staking your Tezos address. This means you can't choose how much to delegate. It is all of your Tezos balance because you are delegating your address to the baker.
Is my Tezos locked while it's staked?
No, your XTZ isn't locked, and you can still make transactions while your Tezos is staked.
When it is time to calculate your rewards, a snapshot will be taken, and your current balance will be used to determine the staking rewards you're eligible to receive.
Which baker will I be delegating my funds to?
When you stake your Tezos in Exodus, you will support our third-party staking API provider Everstake.
If you would like to keep up with how Everstake will vote, you can see the latest news on the Everstake blog.
How much can I earn from staking my Tezos?
To learn more about Annual Percentage Yield (APY) and how to view the current APY for XTZ, please visit: What is APY?
In the staking section of your Tezos wallet, you can view the estimated APY and 30-day profit based on the XTZ you are currently staking.
On Exodus Desktop, in your Tezos (XTZ) wallet, you can see the APY for staking XTZ in the top left corner.
What is the minimum amount I need to start staking?
The required minimum stake is 1 XTZ.
Does Exodus charge a fee to stake my Tezos?
There are two fees involved with staking your Tezos. One is a transaction fee of 0.00284 XTZ. The other is called a baker fee, which is an operational fee.
If you stake Tezos in Exodus, the 15% baker fee goes to Everstake, which means you will receive 85% of the generated rewards.
When will I start earning rewards?
When you stake your Tezos, there's a 4-day waiting period before rewards begin. Once they start, rewards are typically paid out every day, but the exact timing can vary.
If you receive additional XTZ after staking, it will be staked automatically. You’ll earn rewards on the additional XTZ roughly 4 days after receiving it.
Rewards are based on your XTZ balance from 4 days earlier. If you send or receive XTZ, your reward amount will update accordingly after the delay.
You can check how long your XTZ has been staked in your Tezos wallet.
When you unstake your Tezos, you’ll continue to receive rewards from previous cycles for approximately 4 days after unstaking.
Is staking Tezos safe?
In Exodus, staking your Tezos (XTZ) is done in a self-custodial way. When you stake, you still have full ownership of your staked XTZ. No third party holds your funds while it's staked.
You're even free to send or swap your XTZ while it's staked.
How do I stake Tezos?
Mobile
In Exodus Mobile, a) tap the Wallet icon, then b) swipe down to go to the profile screen.
Tap Rewards.
Tap on Tezos.
Tap Stake XTZ. Your entire balance will be staked.
Desktop
In Exodus Desktop, click on the Rewards icon.
Navigate to where it says Tezos and then click Explore.
Click Stake XTZ. Your entire balance will be staked.
How do I unstake Tezos?
Mobile
In Exodus Mobile, a) tap the Wallet icon, then b) swipe down to go to the profile screen.
Tap Rewards.
Tap on Tezos.
Tap Unstake XTZ.
To confirm, tap Unstake.
Desktop
In Exodus Desktop, click on the Rewards icon.
Navigate to where it says Tezos and then click on Overview.
Click Unstake XTZ.
To confirm, click Unstake.