📌Change AZERO Rewards Destination
How to change your staking rewards destination in Nova Wallet!
By default, Nova Wallet will set it so that your staking rewards are restaked (compounded). It is possible at any time to adjust this setting by following the steps outlined on this page.
There are 2 options for how you can receive your staking rewards. You can either have your staking rewards restaked (compounded), or you can have them sent to an account as transferable (unlocked) balance.
Due to the fact that the default setting is to restake (compound) your staking rewards, the following steps will explain how you can change it so that your rewards are set to be distributed as transferable balance. You can follow steps 1-5 below at any time to access this screen again to once again set your staking rewards to be restaked (compounded).
Open the Nova Wallet application.
Select
the Staking screen.Select
your staking position, in this case, would be Aleph Zero AZERO.From the Aleph Zero staking screen
select
Rewards destination.You will now be presented with the option to choose between Restake rewards (compounding) or Transferable rewards.
To change your staking rewards destination to transferable rewards
select
Transferable rewards.You now need to
select
the account that you wish your rewards to be deposited into. Note that this does not need to be the same account which is staking your AZERO tokens.Once you are happy with your rewards destination
select
Continue.Review the contextual information including the staking rewards destination address and any associated fees and
select
Confirm.
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