Everything you need to know about staking Injective (INJ) and claiming INJ staking rewards in Exodus.
Need a crypto wallet to stake INJ? You can download Exodus here.
INJ staking is available on Exodus Mobile and Exodus Desktop.
You can only stake INJ on the Injective network. Unsure which network your INJ tokens are on? To find out, visit: How can I tell which network my token uses?
In this article:
What is INJ staking?
Staking INJ means locking up a chosen amount of your INJ. Staked INJ can't be sent or swapped.
However, you can unstake your INJ whenever you choose. INJ takes 21 days to finish unstaking.
By staking your INJ, you actively support the Injective network by allocating resources to it and contributing to its stability. Staking allows you to earn INJ rewards, which can be claimed from your Exodus wallet.
You can only stake INJ on the Injective network. Staking is not available in Exodus for INJ on the Binance Smart Chain network.
Unsure which network your INJ tokens are on? To find out, visit: How can I tell which network my token uses?
INJ staking is available on Exodus Mobile and Exodus Desktop.
Staking INJ FAQs
What happens when I stake INJ?
Staking means pledging an amount of your INJ to a validator. This makes you a delegator.
Injective validators validate and approve transactions on the Injective blockchain. By delegating your tokens to the validator, you are voting for and signaling your trust in them.
The more transactions a validator validates, the more money they earn. From the earned rewards, they give back to everyone who delegated their INJ to them. This is how you earn rewards on staked INJ.
How does staking work?
When you stake INJ, you choose how much INJ you want to delegate to the validator.
You can stake any amount of INJ that's more than the minimum balance plus the transaction fee. The amount immediately starts accumulating rewards.
Staked INJ can't be sent or swapped.
Exodus will reserve 0.002497 INJ that stays in your wallet. This ensures that you'll have enough INJ available to pay the transaction fee when you unstake.
Staking new INJ will automatically claim any unclaimed rewards.
Which validator will I be delegating my funds to?
When you stake INJ in Exodus, you will be delegating your funds to our third-party staking API provider, Everstake.
How much can I earn from staking INJ?
To learn more about Annual Percentage Yield (APY), visit: What is APY?
You can view the current approximate APY in your INJ wallet.
Mobile
Your INJ stake section will show a) your current APY and b) your APY if you choose to enable auto restaking on Mobile.
Desktop
Your INJ wallet will show your current APY in the top left corner.
Are there fees to stake INJ?
Yes, you will pay a network transaction fee to the Injective network whenever you stake, unstake, claim rewards, or turn auto restaking on or off. In addition, a validator fee is deducted from any earned rewards.
Stake transaction fee: The fee when staking your INJ on the network
Unstake transaction fee: The fee to unstake INJ
Claim rewards: The fee to claim INJ rewards
Enable or disable auto restaking: The fee to enable or disable auto restaking. If you enable auto restaking, you won't pay transaction fees when rewards are automatically restaked
Validator fee: A fee to cover the validator's operating costs. To see current fees, visit: Staking Injective
You will need to wait to claim your INJ rewards until you have earned enough to cover the network transaction fee, because the transaction fee is deducted from the rewards.
To learn more about network transaction fees, please visit: What are transaction fees?
What is the minimum amount I need to start staking?
To start staking INJ, you need to have a balance of at least 0.012497 INJ, plus enough to cover the staking transaction fee.
When staking, Exodus will reserve 0.002497 INJ to ensure you can pay the network transaction fee to unstake. This amount is locked and can't be sent or staked.
Once you have 0.012497 INJ plus enough for fees, you can choose how much to stake, as long as you leave enough for the 0.002497 INJ minimum balance requirement.
When will I start earning rewards?
You will start to earn rewards on your INJ as soon as you stake it.
If you opt into auto restaking, your rewards will automatically be restaked once they reach 0.05 INJ.
If you choose not to enable auto restaking, you can claim your INJ rewards manually as long as the amount of the rewards is greater than the claim transaction fee.
Is staking INJ safe?
In Exodus, staking your INJ is done in a self-custodial way. When you stake, you still have full ownership of your staked INJ. No third party holds your funds while it's staked.
Your staked INJ is locked, but you can choose to unstake it at any time. Note that your INJ will be available to send or swap 21 days after unstaking.
How do I swap INJ on the BSC network for INJ on the Injective network?
You can only stake INJ on the Injective network. If you have a balance of INJ on the BSC network, you'll need to swap it for mainnet INJ by following the steps in our guide: How do I swap crypto in Exodus Swap?
Here's what your swap screen will look like:
Swapping BSC INJ to mainnet INJ is only supported on Exodus Mobile and Desktop.
Mobile
Desktop
Once the swap is complete and you've received your mainnet INJ, you'll be ready to stake it!
How do I stake INJ?
Mobile
Staked INJ is locked, and it can't be sent or swapped. You can unstake INJ anytime. Unstaking INJ takes 21 days to complete.
You can only stake INJ on the Injective network. Staking is not available in Exodus for INJ on the Binance Smart Chain network.
Unsure which network your INJ tokens are on? To find out, visit: How can I tell which network my token uses?
In Exodus Mobile, a) tap the Wallet icon, then b) swipe down to go to the profile screen.
Tap Staking.
Tap on Injective.
Tap Stake.
a) Enter the amount of INJ you want to stake, then b) tap Stake INJ.
You will be prompted to confirm the amount. To proceed, tap Stake.
Your INJ has now been staked. From the Staking menu, you can also enable auto restaking to automatically restake your rewards.
Desktop
Staked INJ is locked, and it can't be sent or swapped. You can unstake INJ anytime. Unstaking INJ takes 21 days to complete.
You can only stake INJ on the Injective network. Staking is not available in Exodus for INJ on the Binance Smart Chain network.
Unsure which network your INJ tokens are on? To find out, visit: How can I tell which network my token uses?
In Exodus Desktop, click on the Staking app.
In the staking menu, click on Injective.
a) Enter the amount of INJ you want to stake, then b) click Stake INJ.
You will be prompted to confirm the amount. To proceed, click OK.
Your INJ has now been staked. From the Staking menu, you can also enable auto restaking to automatically restake your rewards.
How does auto restaking work?
When you stake INJ, you can enable Auto Restaking.
Auto restaking will automatically restake your earned INJ rewards. This allows you to compound your rewards without manually claiming and restaking them.
When auto restaking is enabled, your wallet will check your rewards balance once a week. If you have more than 0.05 INJ in unclaimed rewards, they will automatically be restaked.
Enabling auto restaking will incur a network fee. However, once enabled, you won't pay transaction fees when your rewards are restaked.
While auto restaking is active, you will not be able to claim your rewards manually. If you would prefer to manage your INJ rewards manually, you can disable auto restaking at any time. Note that disabling auto restaking will also incur a transaction fee.
Auto restaking will expire after 1 year. After it expires, you can enable it again for another year.
How do I enable auto restaking?
Mobile
In the staking menu, tap on Injective.
Toggle on Auto Restaking.
Tap Enable to confirm. Once enabled, auto restaking will remain active for 1 year. After it expires, you can enable it again for another year.
Enabling auto restaking incurs a transaction fee.
To disable auto restaking, a) tap the toggle off. At the next prompt, b) tap Disable to confirm.
Disabling auto restaking incurs a transaction fee.
Desktop
In the staking menu, click on Injective.
Click on the toggle next to Auto Restaking to enable it.
Click Enable to confirm. Once enabled, auto restaking will remain active for 1 year. After it expires, you can enable it again for another year.
Enabling auto restaking will incur a network transaction fee.
To disable auto restaking, click off the toggle, then click Disable to confirm.
Disabling auto restaking will incur a network transaction fee.
How does unstaking work?
When you decide to unstake your INJ, you can choose the amount you want to unstake.
The amount you choose to unstake will become unbonding, and you will need to wait 21 days before you can access your INJ. Unstaked INJ does not earn rewards for the 21-day unbonding period.
When you unstake your INJ, any unclaimed rewards will be auto-claimed.
You can unstake 7 times in a 21-day period. If you try to unstake more times than that, the unstake transaction will fail. You must wait for one of your previous unstaking entries to complete.
How do I unstake INJ?
Mobile
In the staking menu, tap on Injective.
Tap Unstake.
a) Enter the amount of INJ you want to unstake, then b) tap Unstake INJ.
To confirm your unstake request, tap Unstake.
When you unstake INJ, the unstaked amount becomes unbonding, and you will need to wait for 21 days before you can access your INJ.
Desktop
In the staking menu, click on Injective.
a) Click the Unstake tab at the top, b) enter the amount of INJ you want to unstake, and then c) click Unstake INJ.
Click Unstake INJ to confirm.
When you unstake INJ, the unstaked amount becomes unbonding, and you will need to wait for 21 days before you can access your INJ.
How do I claim INJ rewards?
Mobile
In the staking menu, tap on Injective.
Tap Claim Reward.
Tap Claim.
Claiming INJ rewards will incur a transaction fee.
A prompt will show the reward amount and the transaction fee. Tap Claim to confirm.
Desktop
In the staking menu, click on Injective.
a) From the Claim Reward tab, b) click Claim Reward.
A prompt will display the rewards you've claimed. Click OK to return to your wallet.
Claiming rewards will incur a network transaction fee.
