Staking and Earning Rewards With New In-Extension Staking Options (2024)

Staking

Published on: Sep 12, 2023

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In Brief

Introducing you to thestakingfeature of the Trust Wallet extension and the range of new staking options available right within the Trust Wallet Browser Extension.

Trust Wallet, available as a mobile app and Browser Extension, is a simple-to-use, self-custody crypto wallet and gateway to Web3 for people who want to fully own, control, and leverage the power of their digital assets. Trust Wallet allows you to store and manage your crypto and NFTs, buy, sell, and stake crypto to earn rewards, access dApps securely and much more—all in one place. In this guide, we’ll focus on thestakingfeature of the Trust Wallet extension and the range of new staking options available right within the Trust Wallet Browser Extension.

What is staking?

Stakingis a method of supporting a proof-of-stake (PoS) or a delegated proof-of-stake (dPoS) blockchain network by holding and "staking" a specific cryptocurrency. This activity contributes to various functions within the network such as transaction validation, upholding the network's security, and refreshing the blockchain. In reciprocation for their staking commitment, participants can earn staking returns, somewhat like earning interest in a traditional banking system.

The staking options

We're excited to introduce you to an array of staking coins, each offering its unique rewards and opportunities. Below is the list of staking coins that you can start engaging with through our browser extension:

1. Evmos Staking Coin (EVMOS)

2. Stargaze Staking Coin (STARS)

3. Cosmos Staking Coin (ATOM)

4. Kava Staking Coin (KAVA)

5. Terra Staking Coin (LUNA)

6. Injective Staking Coin (INJ)

7. Osmosis Staking Coin (OSMO)

8. Cronos (CRO)

9. Stride Staking Coin (STRD)

10. Solana (SOL)

11. BNB Beacon Chain (BNB)

12. Kusama (KSN)

13. Polkadot (DOT)

14. Tron (TRX)

Before you stake using the Trust Wallet browser extension

Before we dive into how to stake using the Trust Wallet browser extension, you’ll need to create a wallet if you don’t already have one. You’ll also need to download theTrust Wallet Extensionfor your desktop web browser.

Step 1: Download the latest version of the Trust Wallet browser extension.

Step 2: Set up your new wallet

Tip: If you already have a wallet that’s not Trust Wallet, you can choose to import that wallet. In this case, you’d choose the “I already have a wallet” option.

Step 3: Ensure you have the token you want to stake in your walletYou’ll need the token you wish to stake in your Trust Wallet before you stake it.

How to stake using the Trust Wallet browser extension

1. Open the Trust Wallet Browser Extension, and select the “Earn” button.

2. Select “Native Staking”, and select the token you’d like to stake.

3. Enter the amount you want to stake, and select “Stake Now”

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.