HashPack Blog

Staking with HashPack

July 21, 2022

Update: Please read this guide for the most recent information about staking on Hedera.

Native staking is now live on Hedera Hashgraph! HashPack have made it simple to stake your HBAR.

Native staking will be rolled out in four phases. For phase 1 staking you’ll be able to select and stake your HBAR to one of 26 consensus nodes run by the Hedera Governing Council members. There will be no rewards until phase 3. 

For more information about staking please read this official Hedera article.

How to stake

We’ve put together a short guide and FAQ to help you get started.

Select the Stake tab from the menu, then press the Stake your HBAR button. Next, select one of 26 nodes you wish to stake your HBAR to.

Confirm your chosen node and press the Stake button. Congratulations you’ve now staked your HBAR! 🥳

You’ll now be able to view the node you’re staked to. Your full balance is automatically staked. Your funds are fully available for use while staked. You can unstake or switch nodes freely. Simply press the Unstake or Change Node buttons.

Once phase 3 staking arrives you’ll be able to see more details about your rewards and the node you’re staked to.

Frequently asked questions

Can I stake HBAR with my Ledger device?
Unfortunately staking with Ledger devices won’t initially be supported. Hedera and Ledger are working hard to implement this functionality. 

When will phase 3 staking begin?
We currently don’t have an ETA for phase 3. Follow HashPack on Twitter for future staking updates. In the meantime, staking your HBAR helps secure the network!

Can I choose how much to stake?
No, your full HBAR balance is automatically staked.

Are my funds locked?
No, your funds are fully available for use while staked.

What rewards can I earn from staking?
The Council (through CoinCom) has voted to implement a maximum cap of 6.5% annual reward rate.

When can I claim my staking rewards?
Once active in a future phase, rewards can be claimed after staking for 24 hours. The staking period begins at midnight UTC and the staking period ends at midnight UTC. 

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