Staking

Is staking available in Tangem Wallet?

Native staking is available directly in the Tangem app and is powered by Yield.xyz. Detailed instructions can be found in our blog: How to stake crypto.

On which networks is staking available?

At the moment, you can stake the following assets in Tangem Wallet: ATOM, BNB, POL (Ethereum), SOL, TON and TRX.

How do I stake cryptocurrency directly in the Tangem app?

To stake your coins, follow these steps:

1. Open the Tangem app and log in to your wallet.
2. On the main screen, select the cryptocurrency you want to stake.
3. In the window that appears, tap Stake.
4. Read the staking terms, including unbonding period and APR, and tap Stake again.
5. Enter the number of tokens or their dollar equivalent and tap Next. You can also stake the entire token balance.
6. In Validator, you can choose another validator from those that Tangem offers.
7. Review all the details before tapping Stake.
8. Scan your card to sign the transaction.

Important: 
— The POL staking process involves two steps: authorizing the smart contract (which incurs a small network fee) and delegating tokens or staking (which incurs a higher network fee).
— The minimum TON staking amount is 10.2 TON. Out of this, 10 TON is staked, while 0.2 TON is reserved for additional network fees

You can find a step-by-step guide in our blog article: How to stake cryptocurrency in Tangem Wallet.

How do I unstake cryptocurrency?

To unstake your cryptocurrency, follow these steps:

1. Open the Tangem app and log in to your wallet.
2. On the home screen, select the cryptocurrency you have staked.
3. In the pop-up window, tap Native staking.
4. Choose the appropriate validator from Your stakes. If the validator in this section is unavailable for selection, the warm-up period is not yet over (this applies only to Solana).
5. Enter the number of tokens or their dollar equivalent and tap Next.
6. Review all the details before tapping Unstake.
7. Enter your access code/biometric ID and scan your wallet to sign the transaction.

Before withdrawing your staked coins, you must wait for the unbonding period to end. Once it's complete, follow these steps:

1. Tap Unstake in the Your stakes section.
2. Review all the details before tapping Withdraw.
3. Scan your card to sign the transaction.

Important:
— Partial unstaking is not supported for TON. You can only unstake the full amount.
— To sign any TON staking transaction (Unstake, Withdraw), you must have at least 0.2 TON available to cover network fees. Only the required part is deducted, and the unused amount is returned to your wallet. 

You can find a step-by-step guide in our blog article: How to stake cryptocurrency in Tangem Wallet.

How do I check my staking results and accrued rewards in the Tangem app?

To check your staking results and rewards, follow these steps: 

1. Open the Tangem app and log in to your wallet.
2. Select the cryptocurrency you have staked on the home screen.
3. Tap Native staking on the token page.
4. Open the Rewards section.
5. It displays the amount of rewards for each validator, and you will be able to withdraw them if necessary.

Important: The Rewards block is always inactive when staking BNB, Solana and TON. Your rewards are compounded to the staked amount, which you can see in the Your stakes section.

How do I claim staking rewards in the Tangem app?

To withdraw your staking rewards, follow these steps:

1. Open the Tangem app and log in to your wallet.
2. On the home screen, select the cryptocurrency you staked.
3. Tap Native staking on the token page.
4. Open Rewards.
5. Select a validator from the list and tap Claim rewards.
6. Review the details before tapping Claim rewards again.
7. Scan your wallet to sign the transaction.

Note: 
— When staking BNB, Solana and TON, reward claiming is available only after unstaking. After the unbonding period, a new Unstaked block will appear with the Ready to withdraw notification. Once you tap Ready to withdraw, both your staked amount and all accumulated rewards are returned to your wallet. 
— When staking POL, reward claiming is only available if the reward earned on a single validator is greater than 1 POL.

Why is my Tron staking locked? What does "Locked" in Your stakes mean?

When staking in Tron, two transactions are sent: one for voting for a validator and another for locking (staking) tokens. If one of the transactions fails for any reason (due to connection issues or network problems), the amount will be locked and displayed in the Your stakes section as Locked.

If you tap Locked, you'll have two options:
1. Unlock: Withdraw the funds from staking so they become available for use.
2. Vote: Continue the staking process.

To unlock your funds, follow these steps:

1. Open the Tangem app and log in to your wallet.
2. Select Tron on the app's home page.
3. Tap Native staking on the Tron token page.
4. Tap Locked in the Your stakes section.
5. Select Unlock.
6. Review the details before tapping Unlock.
7. Enter your access code and scan your Tangem device to sign the transaction.

The amount will be unlocked and appear in your balance after the 14-day unbonding period.

To vote, follow these steps:
1. Open the Tangem app and log in to your wallet.
2. Select Tron on the home screen.
3. Tap Native staking on the Tron token page.
4. Tap Locked in the Your stakes section.
5. Select Vote.
6. At this point, you can choose another validator from the list suggested by Tangem Express.
7. Review the details before tapping Vote.
8. Enter your access code and scan your Tangem device to sign the transaction.

Why do I have to give permission when staking POL?

The POL staking process involves two steps:
1. Giving permission to the Yield.xyz smart contract: This incurs a small network fee.
2. Delegating (staking) your tokens: This incurs a higher network fee.

The permission function is essential because it grants a smart contract address access to a specified amount of your tokens. This way, no smart contract can access your tokens unless you permit it.

By granting this permission, you allow the Yield.xyz smart contract to use your tokens for staking. The permission fee goes to validators to record this transaction on the blockchain.

How it works in Tangem:
1. Open the Tangem app and log in to your wallet.
2. On the homepage, select POL (ex-MATIC) on the Ethereum network.
3. Tap Stake on the token page.
4. Review the staking terms, then tap Stake again.
5. Enter the token amount (or its dollar equivalent) and tap Next. You can also stake your entire balance, but ensure you have enough ETH to pay network fees.
6. In the Validator field, you can choose any validator provided by Tangem Express.
7. Review all details, then tap Give Permission. A pop-up tab will show the permission fee, allowing you to grant permission for the current transaction or Unlimited. Then tap Approve and scan your Tangem.
At this stage, permission is granted, but your tokens are not yet staked.
8. To stake the tokens, tap Stake again, enter your access code and scan your wallet to sign the transaction.

Once the transaction is signed and sent to the blockchain, you can view it in a blockchain explorer.

Benefits of giving Unlimited permission
If you grant unlimited permission, you won't need to give this permission again for future staking transactions unless you revoke it.

Important:
— Permission is required for each smart contract separately.
— Permission is only requested when staking a token managed by smart contracts (e.g., an ERC20 token). Native coins do not require permission since they operate on blockchain algorithms, not smart contracts.