Halaster Profile picture
Engineer, father, investor & researcher @MoonsamaNFT @ExosamaNFT @PondsamaNFT OG

Aug 29, 2021, 8 tweets

1/ I have received a lot of questions how to stake $MOVR - I try to answer your questions with this thread. First you need to know that the staking is done via the APP connected to Metamask (Moonriver network). How to connect to Moonriver network? $KSM docs.moonbeam.network/getting-starte…

2/ Staking itself is not complicated but you have to be aware of some aspects. At first here is the official guide for staking for the $MOVR $GLMR team:

3/ How to start staking $MOVR, Halaster? Of course you now just open the APP and ensure connection of your Metamask wallet. The link to the APP is here: apps.moonbeam.network/moonriver/

4/ Now go to the Staking - Manage Nominations button and you will see this options to pick! Minimum for staking is 5 $MOVR and it takes to rounds to see the rewards. Be careful and read the next tweet!

5/ Be aware that at the moment only the top 40 $MOVR collators are producing block and only by nominating them you will get the staking rewards. See the official statement here:

6/ How to choose a $MOVR validator ensuring me staking rewards? Please click on the 'Research collators at Suscan' button and you will see the ranking of the collators.

7/ Furthermore I did check where my $MOVR stake is within the TOP10 for this collator. So e.g. if you stake 1000 $MOVR how high would my rank within this collator be. But that's me.

8/ Top 10 nominated her rewards per collator. Will be changed to top100 per collator today.

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