Klever opens the opportunity to anyone with a mobile device anywhere in the world to earn a passive income by staking tokens. This tutorial covers everything you need to know about ICP staking inside Klever Wallet. It illustrates step-by-step:
- How to stake ICP tokens?
- How to claim your neuron?
- How to increase ICP staking?
- How to set the Dissolve Delay?
- How to increase the Dissolve Delay?
To stake ICP tokens, you have to create a neuron on the ICP blockchain and lock your tokens inside the neuron. You can stake ICP tokens inside Klever Wallet as follows:
Step 1: Tap on ICP token from your Portfolio screen. Then, tap on STAKING icon and input your PIN code or use Biometrics to enter the staking screen.
Step 2: Tap on Create Neuron button. Then, input the amount of ICP tokens you want to stake and tap on NEXT button. In the next screen you will see a summary of the process, tap on Submit Transaction button to proceed. Note, the minimum amount to stake is 1 ICP.
Step 3: Input your PIN code or use Biometrics to sign the staking transaction. Once done, you can tap on STAKING icon again to display your neuron with ICP tokens locked inside. If it happens that you do not see your neuron inside the staking screen, then you have to claim it manually (see How to claim your neuron?).
When you stake ICP, a neuron is created and your ICP tokens are locked inside that neuron. To display your neuron inside Klever Wallet, you have to manually claim the neuron as follows:
Step 1: Inside your ICP Account, tap on the staking transaction, then tap on the Memo to copy it to the Clipboard. Note, the staking transaction is marked with SEND tag on the transactions list.
Step 2: Go back to the ICP Account and tap on STAKING icon. Then, paste the Memo and tap on Claim button. Next screen will display the transaction details, tap on Submit Transaction button to proceed.
Step 3: Input your PIN code or use Biometrics to sign the transaction. Once done, you can see your neuron with ICP tokens locked inside it.
Step 1: Inside staking screen, tap on Increase Staking button.
Step 2: Input the amount of ICP you want to add to your staking, then tap on NEXT button.
Step 3: Tap on Submit Transaction button. After, you have to enter your PIN code to sign the transaction.
How to set the Dissolve Delay?
Step 1: Inside staking screen, tap on Dissolve Delay button.
Step 2: In the next screen, select the desired dissolve delay. You can see the date when the tokens will totally dissolve under the Voting Power. The longer the dissolve delay you choose, the larger Voting Power you will get. Larger Voting Power means more rewards. Note, the minimum dissolve delay to get Voting Power is 6 months. This means if you choose a delay less than 6 months you will get 0 Voting Power, and thus no rewards. The maximum dissolve delay allowed is 8 years. once you choose a dissolve delay, you can tap on Next button to proceed.
Step 3: Tap on Submit Transaction button. After, you have to enter your PIN code to sign the transaction.
How to increase the Dissolve Delay?
Step 1: Inside staking screen, tap on Increase Delay button.
Step 2: Set a new dissolve delay, then tap on Next button. Note, the new dissolve delay should be greater than the current delay.
Step 3: Tap on Submit Transaction button. After, you have to enter your PIN code to sign the transaction.
