I have CKB coins. Can I stake them for interest?

Question

Nervos Network

BigBoss

I have CKB coins. Can I stake them for interest?

#cryptocurrency #english #nervos

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30.06.2022

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Alejandro (Won't DM first) · Accepted Answer

You can deposit your CKBs in Nervos DAO and earn interests from the secondary issuance. While not technically staking, the Nervos DAO acts as an inflation shelter that allows you to earn compounded interest from locking your funds. You can use Neuron to use NervosDAO (https://medium.com/nervosnetwork/nervos-dao-explained-95e33898b1c), which is a wallet+fullnode. How to use NervosDAO +Neuron: https://m.youtube.com/watch?v=fN4wn7udaeM You can download Neuron here: https://github.com/nervosnetwork/neuron/releases For mobile you can use PortalWallet with Ethereum wallets like Metamask or Imtoken. Guide Portal wallet/Metamask set up ⬇️ https://everythingcrypto.substack.com/p/how-do-i-secure-my-nervos-ckb-with Guide Portal wallet/Imtoken set up ⬇️https://everythingcrypto.substack.com/p/how-do-i-setup-and-configure-imtoken Neuron, being a full node, is the safest option and the one that helps the network the most. But syncing and downloading the entire blockchain can take anywhere from several hours to several days depending of your PC, internet and OS.

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I have CKB coins. Can I stake them for interest?

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