Launch the xPortal app on your mobile device.
From the home screen, navigate to the Wallet tab. This is where you can manage your EGLD and other crypto assets.
You can press the "Earn" button on the main screen or in your wallet, select EGLD from the list of available tokens. This will open your EGLD balance and transaction options.
Look for the "Earn" button in the EGLD token details page. This will take you to the staking section where you can select a validator and stake your EGLD.
The xPortal app will show you a list of staking providers (validators). You can filter them based on different criteria like highest APR, number of users, and others.
Select the validator you want to stake with. Make sure to do some research on each validator’s reputation, service fees, and historical performance before making your decision.
After selecting your validator, input the amount of EGLD you wish to stake. You can choose to stake your entire balance or just a portion. The minimum amount that you can stake/unstake is 1 EGLD. Please also note that it is not possible to leave less than 1 EGLD staked.
Keep in mind that you’ll still need to leave enough EGLD in your wallet to cover transaction fees.
Once you’re satisfied with your selection, confirm the staking transaction. You may be asked to authenticate the transaction using your PIN or biometric authentication (like Face ID or Fingerprint).
After confirming, your transaction will be broadcasted to the network. You’ll receive a notification once the staking process is complete. You can now see your staked EGLD under the Earn section in the app.
After staking, you can monitor your staking rewards over time in the xPortal app. You’ll see your rewards accumulate based on the validator’s performance and the overall network’s staking rate.
Staking rewards are typically distributed regularly, but you can choose to claim or reinvest them as you see fit.
Important Notes:
Staking Fees: Each validator takes a commission on your rewards, which varies by provider. Be sure to check their fees before choosing.
Unstaking: If you wish to unstake your EGLD at any point, you can do so, but it will require an unbonding period of 10 days, during which your funds are locked before they become available for withdrawal. The "Earn" button gives access to start the unstake process.
Validator Performance: Make sure to regularly monitor the performance of the validator you’ve chosen. Poor performance can affect the rewards you earn.