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
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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