Get a 37% annual return on your PRV
Staking pools are the simplest way to grow your PRV. This tutorial will walk you through how to join the Incognito staking pool, accessible from the Incognito app.
There is no minimum investment required, no need to stake your own Node, and rewards are paid out every second.
There are also a few community-run staking pools you can join, such as Jservers or Constant. These will have their own terms and conditions. Visit their sites to learn more – every PRV staked makes the Incognito network stronger.
Don’t have PRV yet? Get PRV.
Here’s how the Incognito Node Pool works.
Your PRV deposit is added to a pool. Funds from this pool are used to fire up Node Virtuals. You earn interest on your contribution to the pool (currently 37% APY).
This means you don’t need to have the full 1750 PRV stake to help power the network, neither do you need to purchase a Node device. It’s the perfect option for those who prefer an easy-entry, hands-off approach.
Now, here’s how to start growing your PRV. You’ll be up and running in less than 5 minutes.
1. Open Node Pool in the Incognito app
Tap on Stake PRV in the home page of your Incognito app.
Don’t have the app yet? Here you go:
2. Tap Stake
There’s nothing in your staking balance yet, so let’s change that. Tap Stake to open up the Deposit screen.
3. Choose the account you want to deposit from
Here you’ll see a list of your accounts, and their respective PRV balances. You’ll need to make a deposit from one of these accounts to your pStake account.
Let’s select Account 0.
4. Enter the amount you want to stake
Just enter the amount you want to earn interest on, then tap Deposit. There is no minimum, no maximum, and you can unstake anytime.
Success! You made a deposit. It may take a couple of minutes for your balance to update. While you wait, remember to back up your staking account!
5. Watch your PRV grow in real-time
Congrats, you’re now earning 37% APY. Interest is paid out every second, reflected in the running total of your balance here.
And that’s pretty much it! The whole process should take no longer than 5 minutes.
Access Node Pool from the Incognito app.
Try out Node Pool, and let us know what you think.