⚡Yield Boost
How to toggle on Turing yield boost in Nova Wallet!
Last updated
How to toggle on Turing yield boost in Nova Wallet!
Last updated
By default, Nova Wallet will set it so that your staking rewards are not yield boosted. It is possible at any time to adjust this setting by following the steps outlined on this page. Yield boost effectively compounds your staking rewards.
Due to the fact that the default setting does not use yield boost (compounding of rewards), the following steps will explain how you can change it so that your rewards are compounded via Turing yield boost. You can follow steps 1-5 below at any time to access this screen again to once again set your staking rewards to not be yield boosted.
Open the Nova Wallet application.
Select
the Staking screen.
Select
your staking position, in this case it would be Turing TUR.
From the Turing staking screen select
Yield Boost.
You will now be presented with the option to choose between with or without Yield Boost (compounding).
Input
the amount of tokens above which you wish to Yield Boost (compound) every 2 days.
Once you are happy with your selection, select
Continue.
Review all the contextual information including the amount of tokens above which you wish to add to your Yield Boost (compounding) and review the contextual information including any fees and select
Confirm.