🌟 Your Quick & Easy Guide to Staking with Beta Staking! 🌟
4 min readApr 28, 2024
Grab Your ALEO Credits
First up, you’ll need some ALEO Credits. Don’t worry; it’s free on the Aleo testnet! Just visit any of these Aleo ecosystem partner faucets:
- Puzzle: Puzzle Faucet
- Leo Wallet: Leo Wallet Discord
- AlphaSwap: AlphaSwap Faucet
- Remember, these testnet credits are just for practice and don’t have real-world value.
Convert to Private ALEO
BetaStaking is all about privacy! So, let’s convert those Public ALEO Credits to Private ALEO in the Leo Wallet:
- Tap on ‘ALEO’ under the ‘Tokens’ tab.
- Hit ‘Convert to Public/Private’.
- Enter the amount you want to go stealth mode with.
- Check the details and fees, and if you’re all good, confirm it!
- Once the network gives us the thumbs-up, you’ll see your Private ALEO shining in your wallet.
Link Up Your EVM Address
To participate the Quest Campaign of the BetaStaking and earne rewards, we gotta make a little match:
- Head over to the BetaStaking website.
- Click on ‘Bind your EVM address for rewards’ up top.
- Enter your EVM address where you’d like your rewards to drop.
- Press ‘Bind Address’ and you’re set!
Stake Your ALEO
Ready to stake? Let’s go!
- Click ‘Stake’ on the top left corner of the BetaStaking site.
- Punch in the amount of ALEO you’re staking and hit ‘Stake’.
- Leo Wallet will ask for your nod. Give it a green light.
- Sit tight for the network to confirm. Your staked amount and the shiny APR will make an appearance.
Unstake When You Wish
Changed your mind? No problemo!
- Hit ‘Unstake’ where you found ‘Stake’.
- Decide how much stALEO you’re saying goodbye to and tap ‘Request Unstake’.
- Confirm it on the Leo Wallet.
- Network’s nod will show your Available claim and when you can unlock it under ‘Claim’.
- When that block height number matches, hit that now-green ‘Claim’ button, confirm with your wallet, and voilà !
Reward Page Bonanza!
Curious about your rewards? Dash over to the Reward page to see your stALEO balance, rewards, APR, and all your reward adventures to date.