3 min read

Chiliz — How to Stake $CHZ Tokens with Luganodes

Chilliz Staking Guide

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Published on

7 Jan, 2024

Introduction:

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 Details:

Validator Name: Luganodes

Operator Address: 0x31dB81188A5cC391857624F668DDA57BA7F2B074

Blockchain Explorer Link for the Validator: https://scan.chiliz.com/address/0x31dB81188A5cC391857624F668DDA57BA7F2B074

Step-by-Step Staking Guide:

*In this guide we’ll be using the Chiliz Staking website to stake $CHZ tokens

Step 1 — Connect your preferred wallet

Chiliz Staking Guide 1.png

  • Select your preferred Wallet which holds your $CHZ tokens (in this example we are using a MetaMak wallet)

2Chiliz Staking Guide 2.png

  • 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

Chiliz Staking Guide 3.png

Step 3— Select the amount of tokens you want to stake and confirm the transaction

  • Once you’ve clicked on Delegate, enter the amount of $CHZ tokens you wish to delegate in the pop-up box and click on Submit

Chiliz Staking Guide 4.png

  • You will be redirected to your MetaMask wallet where you can verify your transaction and click on Confirm

Chilliz Staking Guide 5.png

  • You have now successfully staked your $CHZ tokens and will start earning rewards

Step-by-Step Unstaking Guide:

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

About Luganodes

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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