Staking is easy

Access the wallet

Open the wallet from your computer or your mobile device. Create a new wallet, or access an existing one using mnemonic or a keystore file.

Deposit your FTM

Transfer your FTM from an exchange or an ERC20 wallet to your Opera address.

Choose a validator

Select a validator, stake-as-you-go for a 4% APY or lock up your FTM from a minimum of two weeks up to a year to earn higher staking rewards.

For delegators

What is staking?

Staking is the process of securing the network via locking up your tokens. It serves the same purpose as mining in a Proof-of-Work network such as Bitcoin.

Validator nodes validate transactions and the staked tokens act as an economic incentive for stakers to play by the rules of the protocol.

While staking means locking up your tokens, they are still in your wallet and only you have access to them. You can unlock your funds anytime.

What is Fluid Staking?

Fluid Staking is the new staking model for Fantom, voted by FTM holders in July 2020.

The new reward schedule combines long-term sustainability for the network and flexibility for stakers.

FTM holders can choose to lock-up their tokens for a flexible reward rate proportional to the lock-up period, or just stake with no lock-up for the base rate.

  • Minimum stake: 1 FTM
  • Stake-as-you-go with no lock-up, or lock-up your FTM up to 12 months
  • Choose how long you wish to lock-up your tokens and increase your rewards

For validators

What are validator nodes?

Validator nodes are an essential part of the Fantom network. Validators run a full-node and participate in consensus to increase security and to forge new blocks.

  • Minimum requirement: 3,175,000 FTM
  • Maximum validator size: 15x the self-stake amount
  • Earn staking rewards and a 15% fee on delegators rewards
  • Minimum hardware requirements: AWS T2.large EC2 (or equivalent) and at least 800GB of Amazon EBS General Purpose SSD (gp2) storage (or equivalent).
  • Learn how toset up a validator node

How can we help you?

Frequently asked questions

    • By staking, you actively participate in securing the network. You will earn passive income by getting rewarded in FTM.

    • Yes. Nobody except you will have access to your tokens. Make sure not to lose your mnemonic phrase or private key.

    • If you stake to a validator node that acts maliciously, you can lose all your staked tokens.
      You must choose the validator node wisely and make sure they’re reputable. Slashing delegators as well, instead of only validators, is an essential part of network security. It makes it costly for a set of bad actors to take over the majority of the network.

    • Most validators for Fantom have active communities, websites, and Twitter accounts. Do your own research and ask around in the community; they will be able to help you.

    • No. In any case, a validator does not have access to any other tokens than their own. However, if a validator acts maliciously, all the funds staked to that node can be lost.

    • If a validator node goes offline, it stops receiving rewards since it’s not helping secure the network anymore. When it comes back online, the rewards resume.

    • Yes, you can.

    • Yes. By selecting “claim and restake,” you can restake your rewards. However, with Fluid Staking, you cannot increase an existing delegation by adding more FTM. In that case, you’ll have to create a new one.

    • Claiming rewards will withdraw all pending rewards to your wallet. If you claim and restake, you’ll be able to compound the rewards at the same conditions as your initial delegation.
      For example, if you locked up your tokens for one year for the maximum APY, you’ll benefit from the same APY even if you restake later on during the lock-up.
      Conversely, if you claim your rewards and want to stake them, you’ll have to create a new delegation.

    • Yes! You can increase your delegation to the same validator as many times as you wish. If you want to delegate to a different validator, use a different address.

    • No, your rewards are unlocked, and you can withdraw them at any time. You can claim them at every epoch.

    • Base rewards are the minimum amount of rewards you’ll earn by staking your FTM. The APY varies depending on the amount of FTM staked; at the moment of writing, it’s around 4%.
      If you choose not to lock-up your tokens, therefore going with the stake-as-you-go option, you’ll earn only the base rewards.
      If you lock-up your tokens, you’ll earn the base rewards plus additional rewards – depending on how long you’re locking your tokens for. The longer you locked them up, the higher the rewards.

    • Yes, you can. However, you’ll pay a penalty for doing so. Since your rewards are always unlocked and withdrawable, the penalty will come off your staked amount. If you unlock earlier, regardless of how much of the lock-up period is left, you’ll only receive half of the base rewards; the additional rewards will be burned.
      In any case, you will never end up with fewer tokens than you delegated.

    • No. As a validator, you’re fully committed to the whole lock-up period. You can decide to stop validating, and your node will be pruned from the network. Your self-delegation, however, will be locked until the end of the lock-up period.

    • The Fantom network distributes 534,247 FTM every day to all stakers. 30% of that goes to all stakers as base rewards, and 70% goes to just locked stakers.

    • A 7-day unbonding period creates stability in the network and prevents attackers from withdrawing their stake before the effects of their attack are reflected on the market.

    • Not at all. Staking happens on-chain, so it’s completely independent from your computer, mobile device or wallet. Once you have staked your tokens, you can safely log out from your wallet and if you want you can periodically access it to check your rewards balance.

    • This ratio is required to keep the interests of stakers and validators, and therefore the whole network, aligned. It ensures that validators have enough of their funds at risk to reduce the chance of misbehavior.