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Moonriver (MOVR) Staking
How to stake your MOVR tokens using Nova Wallet!
Nova Wallet is a non-custodial wallet where you alone remain in control of your assets via your private key/seed phrase. Nova Wallet directly connects you to the Moonriver protocol to stake directly. Nova Wallet does not provide you with any staking services such as how a CEX may do.
Parameter | Information |
---|---|
Minimum Stake | 5 MOVR* |
Unstaking Period | ~2 Days |
Rewards Payout | Rewards accrue every 6 hours and are added to your transferable balance. |
Governance Participation | Staked MOVR can be used to participate in Governance on the Moonriver protocol. |
*Some Collators may require you to stake an amount which is above the minimum network stake of 5 MOVR.
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- 1.Open the Nova Wallet application.
- 2.
Select
the Staking screen. - 3.
Select
Moonriver. - 4.Review the staking information presented to you.
- 5.Once you have understood the terms
select
the Start Staking button. - 6.
Select
the Collator that you wish to stake with. - 7.
Input
the amount of MOVR tokens that you wish to stake. - 8.Ensure that you review all of the contextual information and
select
Continue. - 9.Once again, review all of the contextual information provided and
Select
Confirm. - 10.Your staking position will now be displayed on the Staking screen within Nova Wallet.
Last modified 2mo ago