Secret Network is run by delegators and validators who propose blocks according to a delegated proof-of-stake model. By staking your SCRT tokens, you provide economic security to Secret Network. Users nominate nodes by delegating their tokens to a validator node. In return, they receive staking rewards generated by the node. The staking APR varies depending on the network usage, inflation, and total staked supply. Delegations are non-custodial, so the nodes cannot steal the delegator’s funds.

When staking your SCRT, you are able to choose how much of your SCRT you want to delegate to the Secret Network validator. Note that you will accumulate rewards from the moment you stake.

You will receive your staking rewards anytime you claim them through the staking interface. Please note that rewards do not expire. You can re-stake these rewards to earn a compounded interest.

The consensus mechanism used by Secret Network includes a slashing mechanism, that is to say, that part of the stake of a node might be slashed if it does not behave correctly. Other risks could be protocol bugs, network attacks, and bad key management by the user. We adopt the necessary measures to bring the slashing risks to the minimum. Stakely counts on a Staking Insurance Program to cover losses in case of an accident caused by us.

Stakely Secret Network validator is managed by a highly-skilled team experienced in validating blockchains. In addition, Stakely counts on a Staking Insurance Program to cover any losses in case of slashing incidents, prioritizing the safety of users’ delegations.

There is no minimum required, so the minimum amount should be enough to ensure you can stake as well as pay the Secret Network transaction fee. Always remember to leave at least one token unstaked to pay future transactions.

You can manage your staked SCRT at any time in case you want to delegate more, undelegate or redelegate in another validator, as well as claim your rewards.

In case you decide to unstake your SCRT, you can choose how much SCRT you want to unstake. The unclaimed rewards will be auto-claimed once you unstake. The chosen amount to unstake will become unbonding and you will have to wait 21 days to use your SCRT.

The staking fee has been set now to 1%. A higher commission may be applied to maintain and monitor the validator in a sustainable manner in the long run.