How to stake SKL (SKALE Network)
Learn how to stake SKALE (SKL) tokens to Chorus One's public node.
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Learn how to stake SKALE (SKL) tokens to Chorus One's public node.
Last updated
Was this helpful?
CATEGORY
DETAILS
Chorus One Validator Address
Recommended Wallet
Block Explorer
Staking Rewards
The SKALE Network is a decentralized, Ethereum-native platform designed to improve the scalability and performance of decentralized applications (dApps). It enables developers to deploy their own high-throughput, low-latency blockchains, known as "elastic sidechains," which operate in tandem with Ethereum, reducing congestion and gas fees on the mainnet.
These sidechains are fully customizable, allowing dApps to scale efficiently while benefiting from Ethereum's security and decentralization.
SKALE uses its native token, SKL, for network operations such as staking, governance, and securing the network through validator nodes, while transaction fees on the network are paid in ETH.
Staking your SKL can be done via the and , which involves four main steps:
Create a MetaMask wallet if you don't have one already.
Connect your MetaMask wallet to:
Select a validator to stake with, such as Chorus One:
Manage you SKL stake
If you don't have a MetaMask wallet yet, follow the steps below.
For a full walkthrough on setting up MetaMask, please refer to their documentation found here:
Please be sure to back up your mnemonic seed securely.
It is recommended to store it physically, not in a digital format or as a screenshot.
Never share this seed phrase with anyone, as they will have access to your funds.
A lost mnemonic seed phrase cannot be recovered.
Anyone with your mnemonic seed phrase can take control of your assets.
(Required: Minimum 8 characters, 1 number, 1 special character, 1 lowercase, 1 uppercase)
In the upper-right hand corner, you will see a button for 'Connect wallet' -- Click on this, then select MetaMask as the wallet option.
Once you've connected your MetaMask wallet, you will see your ETH address partially displayed in the upper-right hand corner.
To the left, you will see the SKALE Portal navigation bar.
This is where you can explore options like viewing transactions, your history, compatible chains, staking, validators, and other network information.
From the left hand navigation bar, you can either go to 'Staking' to see your current SKL balances and active stakes (if applicable), or you can navigate to 'Validators' and select a validator to stake with.
If you navigated to the 'Staking' tab, you will see a screen similar to the screenshot above.
In case you do not have any SKL tokens in your wallet, please make sure to properly fund it before you continue.
When you are ready to stake, click on the green button 'Stake SKL' to be taken to the 'Validators' tab.
From here, you will see a list of the active validators. Scroll through to find Chorus One and click on it.
Next you can enter the amount of SKL you wish to stake. To the right hand side you can see your total available balance of SKL.
You can either enter an amount manually, or hit 'Max' to stake all your SKL.
Once you have selected the amount you wish to stake, click 'Stake SKL'.
You will be prompted to sign the transaction via MetaMask.
Confirm it, and you have now begun the staking process for your SKL!
After you first begin staking you will see a screen similar to the following screenshot.
You may note that your SKL does not yet say staked. This is due to how epochs and rewards work on the SKALE Network.
Worry not, your staking was done correctly!
This is due to epochs and delegation time which we will elaborate on below.
To help explain, epochs are units of time within the SKALE Network. They equal a one month calendar period of network activity.
They always start on the 1st of each calendar month.
Rewards for validators and delegators are distributed at the end of each epoch and you are able to claim them within several days after the end of the epoch.
Please note that claiming your rewards incurs a transaction fee, so make sure to have enough ETH in your wallet to cover the fees.
Your rewards do not expire and you can claim them whenever you please.
This means that if you began staking your SKL on August 21st, your delegation would be accepted by the validator and go live in the next epoch, starting on September 1st.
The default setting of SKL staking is set to “Auto-renew”.
This means that your staking period is automatically renewed for the same period as you initially selected (2 calendar months starting on the 1st).
Hence, your tokens are automatically re-delegated to your chosen validator at the end of your delegation period.
Please make sure to stop the auto-renewal a few days before your staking period ends if you do not wish for it to auto-renew.
Turning off auto-renew cannot be reversed.
Please only turn off auto-renew if you want your SKL to become liquid after your staking period ends.
To claim your rewards, visit the 'Staking' tab and click 'Retrieve' to claim your SKL rewards you have accrued during your staking period.
This will incur a transaction fee that requires ETH to complete.
Approve the transaction in MetaMask, and in case you are using a Ledger device, sign the transaction via your hardware wallet.
Rewards for validators and delegators are distributed at the end of each epoch and you are able to claim them within several days after the end of the epoch.
Your rewards do not expire and you can claim them whenever you please.
Otherwise feel free to skip ahead to the next section:
First, visit and download the MetaMask browser extension.
Next, navigate to the SKALE Portal at the following link:
The Chorus One validator can be found here:
For more information on this, please see:
If you are an institutional investor looking to stake SKALE Network (SKL) with Chorus One, please reach out to us via our .
