Vara (VARA) Staking
How to stake your VARA 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 Vara protocol to stake directly. Nova Wallet does not provide you with any staking services such as how a CEX may do.
Polkadot Staking Information & Parameters
| Parameter | Pool Staking | Direct Staking |
|---|---|---|
Minimum Stake | 1 Vara | 50 Vara |
Unstaking Period | 7 Days | 7 Days |
Rewards Payout | Rewards have to be claimed manually and you must pay transaction fees. | Rewards accrue every 12 hours and are paid out daily. |
Governance Participation | Staked Vara cannot be used in Governance. | Staked VARA can be used to participate in Governance on the Vara protocol. |
*The minimum stake for direct staking varies over time and is dictated by the Vara protocol.
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