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Chiliz — How to Stake $CHZ Tokens with Luganodes
Chilliz Staking Guide
Published on7 Jan, 2024
Chiliz is a blockchain provider focused on the sports and entertainment industry. They have launched an updated version of their original blockchain technology, known as Chiliz Chain, which leverages the Proof of Staked Authority (PoSA) consensus algorithm.
In this guide, we’ll show you how to delegate your $CHZ tokens with Luganodes and start earning rewards in a few simple steps.
Validator Name: Luganodes
Operator Address: 0x31dB81188A5cC391857624F668DDA57BA7F2B074
Blockchain Explorer Link for the Validator: https://scan.chiliz.com/address/0x31dB81188A5cC391857624F668DDA57BA7F2B074
*In this guide we’ll be using the Chiliz Staking website to stake $CHZ tokens
Step 1 — Connect your preferred wallet
Head over to the the Chiliz Staking website
Click on Connect Wallet
Once inside your wallet, select the account you want to connect with your staking account and click on Next
To confirm then click on Connect
Step 2— Select your Validator
Once you have connected your wallet you will be redirected to the Chiliz Staking dashboard
Search for Luganodes under the list of Validators and click on Delegate
Step 3— Select the amount of tokens you want to stake and confirm the transaction
You have now successfully staked your $CHZ tokens and will start earning rewards
Please note that Unbonding period on Chiliz chain is 6 hours and your assets won’t be generating any rewards during that time
Step 1 — Head over to the Chiliz Staking website
Step 2— Search for the Validator you wish to unstake from
On the Chiliz Staking website search for the Validator you wish to unstake from and click on Undelegate
Enter the amount of tokens you wish to unstake and click on Submit
After waiting for the specified unbonding period your unstaked $CHZ tokens are ready to be claimed
Search for the Validator you wish to unstake from and click on Claim
Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 36+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.
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