Staking
If you hold the staking token UM
you can delegate, or stake, those tokens to a validator. This enables
you to receive rewards and participate in governance in exchange for taking on the risk of validator misbehavior.
To stake with Prax, first ensure you hold the Penumbra protocol's staking token UM
.
Next, select the Stake
tab on your frontend.
On the Stake
tab, you can see how much UM
you have available to delegate, along with a list of possible validators.
For each validator, you will see some important data:
VP
: the voting power of the validator in the governance system,Com
: the commission rate that validator takes.
Once you select a validator to stake with, you can click the Delegate
button.
Select how much UM
you wish to delegate, then press Delegate
:
![](/images/delegation_amount_example.png)
It will take a few moments for the delegation transaction to be prepared, then Prax will generate a view of your
transaction. Verify one of the outputs is to the validator you selected, then click Approve
:
![](/images/delegation_prax.png)
You should see a pop-up in the lower right hand of the page indicating that the transaction was approved!
![](/images/delegation_popup.png)
You will receive the delegation token associated with that validator. At a later point, you can undelegate by clicking the Undelegate
button
to undelegate from that validator, and receive staking tokens.