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.
Tutorial video: 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?
On Exodus Mobile, you can see a summary of the Average Reward Rate and your Earnings in the staking section of your XTZ wallet.
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 23-day waiting period. After 23 days, you will earn rewards every 3 days. You will receive your first XTZ rewards after 26 days.
If you receive any additional XTZ at your address after staking, that amount will be staked automatically. You will earn rewards on additional XTZ 26 days after you receive it in your wallet.
Your rewards for each 3-day cycle will be calculated for your XTZ balance 23 days from the current cycle. If you send or receive XTZ, you will see rewards on the updated balance in 26 days.
You can see how long your XTZ has been staked in your Tezos wallet.
When you unstake your Tezos, you will continue to earn rewards from previous cycles. After unstaking, rewards will appear in your XTZ wallet every 3 days for the following 23 days.
Is staking Tezos safe?
Staking your Tezos is done in a self-custodial way in Exodus. That means that it is as safe as holding it in your wallet. 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 Profile icon, then b) tap Staking.
Tap 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 Profile icon, then b) tap Staking.
Tap 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.