TRX staking
TRX staking is a process of freezing funds for a certain period of time to get resources and additional profit.
Key points
When staking, you can “exchange” your funds for resources, such as bandwidth or energy, which allow you to save on blockchain fees. Bandwidth is spent on TRX transfers and TRC-10 tokens, as well as partially on interacting with smart contracts. Energy is spent on interacting with smart contracts and transferring TRC-20 tokens. The resources are available immediately after staking and are replenished throughout the day.
When staked, the funds remain on your wallet but are locked and can’t be used for financial operations.
You can unstake funds at any time after staking, but keep in mind that the unstaking process takes 14 days in the blockchain. Until then your funds remain locked.
For each staked TRX, you receive one vote. You can give your votes to one or more Super Representatives to gain rewards for each voting round. The accumulated reward can be claimed and withdrawn to your TRX wallet once in 24 hours, with a 10% commission is deducted from the reward. You can re-assign your votes at any time.
Staking is only available for wallet Owners.
General information
In the upper part of the page, you can review the conditions of the TRX staking:
Term — the minimum period for which funds are blocked.
Min amount of funds to stake — the minimum allowed amount of TRX that can be staked.
Commission from the reward — the commission amount that will be deduced from the reward amount. The withdrawabale amount is calculated as follows: Amount to withdraw – (Amount to withdraw × Transaction fee/100%).
Wallets
In this section, you can view your wallets denominated in TRX.
The following information is provided about each wallet:
Wallet
The information about your TRX wallet: the wallet identifier, type (always E for Enterprise), label (if set), and total balance.
Accumulated reward
The reward from staking, which can be withdrawn.
Available / Total votes
The amount of votes.
The Available votes are votes that haven’t yet been distributed among . The Total votes is the sum of distributed and undistributed votes.
Actions
The action buttons:
Withdraw reward — clicking this button opens the Withdraw reward popup where you can review withdrawal details such as a target wallet, withdrawal amount, transaction fee, and so on. Mind that reward claiming is available only once in 24 hours. The button is inactive if the Accumulated rewards is 0 (zero) or the reward was claimed less than 24 hours ago.
Get votes — clicking this button leads you to the Resources tab of the Wallet details where you can stake TRX to get votes.
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