In the bear market it’s understandable that you might not want to do anything risky with your coins — just make the best use of them and wait for better times to come. We believe that one of the best ways to survive this time is staking — especially now, when thanks to Everstake, you can do it directly in Nightly Wallet.

 

What is Everstake?

Built by experienced Web3 devs in 2018, Everstake is a stake service platform trusted by 625k+ users across 70+ blockchain networks. Today, Everstake is a self-funded, profitable business employing 125+ people and running over 8,000 nodes, including bridges and oracles. They create liquid staking products like Eversol and invest in promising blockchain startups in early phases via Everstake Capital.

 

What’s crucial for us, Everstake enables you to stake tokens directly in your wallet — no more switching tabs and apps, just pure convenience. Comfort is also provided by Everstake’s reward calculator. Just put the amount of NEAR or SOL you’d like to stake and it will show you how much would you earn from it in a day, month, and year. You can earn up to 11% on NEAR and 6.65% on Solana — sounds nice, doesn’t it?

What is staking?

Staking is the process of supporting the validation of a blockchain network type Proof of Stake. How does it work? It is all about locking your funds out of circulation in your wallet or other platforms. Of course, you will get rewards for helping in increasing the security and efficiency of the chain — in this case, NEAR.

If you’d like to learn more about staking (and see its difference from liquid staking), we’ve got you covered with our previous blog post.

 

Why stake?

Not only is staking convenient for you, but it also makes the whole NEAR or Solana a safer and more decentralized blockchain, as you stake their native coin. For a chain, the more validators, the better, so you can trust it more. And, of course, don’t forget that it’s a great opportunity to earn some extra crypto.

How to stake in Nightly Wallet?

Watch our quick video tutorial or read it step-by-step below:

 

1. First of all, choose NEAR or SOL from the list of available blockchains.
2. Choose NEAR or SOL from the list of your owned tokens.
3. Next, click the button “start earning” which is below the “deposit” and “send” buttons.
4. Choose “regular staking”.
5. Click the plus icon in the right upper corner.
6. After that, you choose the validator and decide what token amount you want to stake with Everstake.
7. Last but not least, click the button “next”. That is it.
8. You have just staked your NEAR tokens.

 

We hope this post showed you the advantages of staking in Nightly Wallet. Although, before you use this opportunity, make sure to check Everstake’s website with your eyes (#DYOR forever!) to see that your coins will land in good hands. Have fun!