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
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