# Polimec (PLMC) Staking

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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 Polimec protocol to stake directly. Nova Wallet does not provide you with any staking services such as how a CEX may do.
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### PLMC Staking Information & Parameters

| Parameter                | Information                                                                   |
| ------------------------ | ----------------------------------------------------------------------------- |
| Minimum Stake            | 50 PLMC\*                                                                     |
| Unstaking Period         | \~7 Days                                                                      |
| Rewards Payout           | Rewards accrue every 6 hours and are added to your transferable balance.      |
| Governance Participation | Staked PLMC can be used to participate in Governance on the Polimec protocol. |

\*Some Collators may require you to stake an amount which is above the minimum network stake of 50 PLMC.

### How to Stake PLMC Tokens

<div align="left"><figure><img src="https://2862319636-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1YRoR7fazGxiQsx9pH6m%2Fuploads%2FYU7ubhydlDix2cpCCTkD%2FStaking%20(PLMC).avif?alt=media&#x26;token=a958aa06-50e3-4930-9258-15bd66804697" alt=""><figcaption></figcaption></figure></div>

1. Open the Nova Wallet application.
2. `Select` the **Staking** **screen**.
3. `Select` **Polimec**.
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 PLMC tokens that you wish to stake.&#x20;
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.