Flare Staking Phase 2 is now live. You can now use our new staking tool to transfer your FLR from the C-Chain, where smart contracts run, to the P-Chain, where staking happens.
Once your funds are on the P-Chain, you can then delegate stake to validators of your choice and start earning a share of the validation rewards. Developers and more advanced users can also choose to use a Command Line Interface (CLI) version to delegate stake.
Key facts and figures:
- Your FLR must be unwrapped to be transferred to the P-Chain.
- The staking tool will create a new P-Chain address which is connected to your existing C-Chain address.
- The staking tool can initially only be accessed with a Ledger hardware wallet. Other options will be added in the future.
- The minimum staking amount is 50k FLR.
- The minimum staking duration is 14 days. You can only stake to validators with remaining self-bond periods greater than 14 days.
- Your staked tokens are eligible for FlareDrops, but can not simultaneously earn FTSO delegation rewards.
- You need to keep a small amount of FLR on both the C- and P-Chains for fees.
- You can use the list of Node IDs provided on FlareMetrics, Flarescan, Flare.Builders or Solidifi to identify your preferred validator.
- Validator rewards are capped at 5% of the total per validator. To avoid missing out on rewards, please select a validator that has less than 5% of the total stake delegated.
- When your staking period ends, it is automatically terminated, requiring manual restaking for continued participation.
- Every 4 reward epochs (2 weeks), rewards can be claimed from the FlareStake tool.
How to delegate stake:
Read the detailed step-by-step instructions in the Flare Technical Documentation and watch the summary video below.