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MultiversX — How to Stake $EGLD Tokens with Luganodes
MultiversX (Formerly Elrond) is a high-throughput, secure, and decentralized blockchain network
Published on3 June, 2023
MultiversX (Formerly Elrond) is a high-throughput, secure, and decentralized blockchain network created to enable radically new applications for users, businesses, society, and the new metaverse frontier.
In this guide, we’ll show you how to delegate your $EGLD tokens with Luganodes and start earning rewards in a few simple steps.
Validator Name: Luganodes
Validator Address: erd1qqqqqqqqqqqqqqqpqqqqqqqqqqqqqqqqqqqqqqqqqqqqp9llllls5wmsa9
Blockchain Explorer Link for the Validator: https://explorer.multiversx.com/providers/erd1qqqqqqqqqqqqqqqpqqqqqqqqqqqqqqqqqqqqqqqqqqqqp9llllls5wmsa9
Now select Luganodes and click on continue.
You’ve successfully staked your EGLD with Luganodes, and you can see your staked assests and Staking Provider detail on the Staking Dasboard itself.
Please note that Unbonding period on MultiversX is 10 days and your assets won’t be generating any rewards during that time
Once you’ve confirmed the transaction, you can see you asstes in the Pending unstake which you can withdraw after the unbonding period is over.
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 30+ 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.
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