Stake & Earn

How to Stake and Earn

A. FTSO Delegation

1. Access the Earn Tab

• Open the Luminite app and tap on the “Earn” tab from the bottom navigation bar.

• Click the 'Delegate button' (A) on 'FTSO Delegation'.

2. Choose Your Provider

• Browse the list of available FTSO Providers.

• Choose one based on historical APY (up to 7.5%) or delegation capacity.

• Providers can be switched at any time.

3. Adjust the Delegation Amount

• Use the slider bar to select how much FLR you want to delegate. You can split your delegation across multiple providers for diversification.

4. Click "Wrap and Delegate"

• Once you’re ready, click Wrap and Delegate to confirm.

• Your FLR will be wrapped into WFLR and staked through the provider you chose.

5. Manage Your Staking Position

• You can undelegate at any time to cancel your delegation. Alternatively, redelegate to adjust your allocation between providers.

6. Track Your Rewards

• Your staking rewards will be shown on the “Earn” dashboard

• Watch your earnings grow

• Remember to claim your rewards

B. FLR Liquid Staking

1. Access the Earn Tab

• Open the Luminite app and tap on the “Earn” tab from the bottom navigation bar.

• Click the 'Stake FLR' (B) button on 'FLR Liquid Staking.

2. Enter the amount you want to stake.

• You can either choose $WFLR or $FLR for staking

3. Click Stake

• Tap “Stake” to confirm your transaction.

• Your FLR will be locked into the staking pool, and rewards will begin accumulating.

• Remember to check the “No Buy-in Fee Staking”; you can see the countdown clock to the next “No Buy-in Fee Staking” at the top of the page.

4. Manage Your Staking

• You can unstake at any time if you want to withdraw your FLR. The token will be claimable after 14.5 working days. You need to claim it within 2 days before it will be automatically restaked.

5. Track Your Rewards

• Monitor your staking rewards directly from the “Earn” dashboard.

• Rewards update in real-time

• Remember to claim your rewards