Radix — How To Stake $XRD Tokens with Luganodes

Introduction:

Radix is a layer-1 blockchain platform that aims to provide high-performance infrastructure for decentralized finance (DeFi) applications with features such as proprietary programming language, Scrypto and cross-shard composability through Cerberus consensus mechanism.

In this guide, we’ll show you how to delegate your XRD tokens with Luganodes and start earning ~11.3% in a few simple steps.

Validator Details:

Validator Name: Luganodes

Validator Address/ ID: rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg

Blockchain Explorer Link for the Validator: https://explorer.radixdlt.com//#/validators/rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg

Unbonding Period:

• Unbonding period is a timeframe in which the funds are locked when you unstake
• The unbonding period on Radix is 500 epochs, or between 1–3 weeks (depending on how quickly the network is producing “rounds”)

Step-by-Step Guide:

*We’ll be staking XRD tokens using the Radix wallet mac app

Step 1 — Set up your Radix Wallet

• Head over to https://wallet.radixdlt.com/
• Select the operating system you want the wallet for (We’ll using Mac OS for this staking guide)

• Create a new wallet if you don’t have one

• Proceed and put in all the relevant details to set up your wallet

Step 2 — Stake with luganodes

• Once you’ve successfully set up your Radix wallet and added funds to it, go to Staking & Unstaking tab

• Here, under Stake Token, enter the relevant details.
• Validator ID (For luganodes )- rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg
• Enter the amount of XRD tokens you want to stake and click on Stake

Step 3— Confirm the transaction and check your staked amount

• Once you've entered relevant details for staking, Enter your Pin and confirm the transaction

• Once you’ve confirmed the transaction, wait for a few minutes for it to reflect in your account (This could take 30–60 minutes)
• You can check your staked amount under the Balance section

• To check whether your stake is successful and more details, head to Staking & Unstaking section

Step-by-Step Unstaking Guide:

Step 1 — Head over to Radix wallet and log in with the same credentials you used in the staking process above

• Under the Stake & Unstake tab, you can check your tokens staked and select Request Unstake

Step 2— Initiate the Unstaking process

• Enter all the required details
• Validator ID (For luganodes )- rv1qde5vrlr3edvlfjgq36trmapgunmeru7ax92znndmwa0jywv5mtcj69d0yg
• Enter the amount of XRD tokens you want to unstake and click on Request Unstake

• Enter your Pin and Confirm Transaction

• Wait for some time to process the transaction

• You can check Under the History tab that your Unstake Request is successful

Step 3— Withdraw after the unbonding period (500 epochs, or between 1–3 weeks)

• Head over to Stake & Unstake Tab to check the progress of your Unstaking and your funds will be available to withdraw after the Unbonding Period