MultiversX (EGLD)
What is MultiversX?
MultiversX is focused on delivering enhanced security, efficiency, scalability, and interoperability. Its standout features include Adaptive State Sharding and the Secure Proof of Stake consensus mechanism. With a complete overhaul of blockchain architecture, MultiversX aims for global scalability and near-instant transaction speeds.
How to stake MultiversX?
MultiversX Staking Manual
How to Stake EGLD Using xPortal Mobile Wallet
How to Create xPortal?
Go to the official xPortal website and click the Download button. Currently, the xPortal is available for Android and iOS users. We will use the iOS version.
Download the xPortal app on your mobile device from either the App Store or Google Play. Then, scan the QR code.
Open the app and click on “Create new wallet.” Then verify your phone number to continue. You can also enter a referral code if you have one. Finally, press Enter xPortal.
Set a secure PIN code for the wallet. You can always allow notifications to stay up-to-date with the latest news about the account.
Before using your wallet, back up your secret phrase. Remember, backing up the secret phrase from your cryptocurrency wallet is essential to ensure your digital assets’ safety and security. It’s important to keep your backup phrase secure and never share it with anyone else. Check all information patiently and click Continue.
Firstly, you need to unlock the secret phrase and back up it. Then, write it down and securely store it. This will be used to restore your wallet in case you lose access to your device. Verify your seed phrase and then click the Confirm button.
Your xPortal wallet is now created, and you can start using it to store and manage your cryptocurrencies and stake EGLD.
Top Up Your xPortal Wallet
Before starting to stake, you must send EGLD tokens to your wallet. If you already have a positive balance in your wallet, you can skip this step and move directly to staking. Follow these steps to add funds to your xPortal wallet.
Step 1. Receive EGLD address
To get your wallet address click Receive button. Copy your address (you will send EGLD to this address).
Step 2. Send the Funds to Your Wallet
Next, head to the CoinGecko website, and buy EGLD tokens from any cryptocurrency exchanges on the list. After the transaction is done, come back to xPortal Wallet.
How To Stake EGLD
Now, let’s get started. The following steps explain how to stake EGLD via xPortal.
Step 1. Go to the Earn Tab
Open the main menu of the xPortal Wallet app on your device. Click on the “Earn” button as shown on the screen. Check all information about staking EGLD and click Stake now.
Step 2. Stake Tokens
Select a Staking Provider from the list of available validators. You can also find Staking Provider manually by searching in a list. After that, check if SP’s delegation cap is not filled and click continue. Choose the amount of EGLD you want to stake and click the Continue button.
Confirm the transaction by clicking Stake and wait for it to be processed.
Step 3. See the Transaction Details
Congratulations, you have now successfully staked your EGLD using xPortal! You should now start earning rewards for your contributions to the security and decentralization of MultiversX.
Now you can see how much you staked, claim rewards, and unstake EGLD. If you want to unstake in terms of security, ten epochs are required to unbond the funds. During this period delegator will not receive any rewards.
Where can I stake MultiversX?
You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information
Staking Details
Epoch duration
24 hours
Everstake fee
15.00%
Auto-compounding
No
Fee to activate the wallet
$0.002
First reward info
In the next epoch after the start of the delegation
Reward frequency
Per epoch
Min amount of stake
1 EGLD
Unstaking period
10 days
Stake (de)activation time
10 days
Re-delegating activation time
10 days
Last Reward
Last rewards earned before unstaking
Self-Bond
None
Active set
None
Slashing
Downtime / poor performance: Validators are jailed (temporarily removed from the active set) and lose a small portion of their rewards, not their main stake.
Double signing (severe offense): Can lead to a portion of the validator’s stake being slashed and permanent jailing (validator banned). Delegators are not directly slashed, but they stop earning rewards while their validator is jailed. If the validator is permanently jailed, delegators must re-delegate to another one.
Why Everstake?
Everstake is the №1 staking infrastructure platform, trusted by over 1.5M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 85+ supported chains with a reliability rate of 99.98%
Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.
Everstake Participation
As Everstake, we are proud to be an active validator in the MultiversX (EGLD) network, participating directly in block validation and supporting the network’s security and decentralization. Since joining the ecosystem, we have contributed to its growth while providing educational resources to help users understand and engage with MultiversX.
Through our staking services, we enable users to delegate their EGLD to our validator nodes, earning rewards while supporting the network. We focus on reliability, security, and user-friendly processes, ensuring consistent validator performance and giving our delegators a chance to actively participate in the MultiversX ecosystem.
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