What are Staking Validators?
Staking validators are entities or nodes in a proof-of-stake (PoS) blockchain network responsible for validating transactions and securing the network. By staking your crypto assets with a validator, you delegate your tokens to help maintain the blockchain while earning rewards.
Gem Wallet partners with trusted staking validators to make staking secure, reliable, and user-friendly. When you stake your assets through Gem Wallet, you delegate them to one of our partnered validators, who handle the technical process of validation and reward distribution.
Which Validators Has Gem Wallet Partnered With?โ
Gem Wallet collaborates with top-tier staking providers to ensure optimal performance and security. Our trusted partners include:
- Ankr: A leading Web3 infrastructure provider offering decentralized staking solutions.
- Everstake: A validator known for high uptime and robust staking services across multiple blockchains.
- AllNodes: A platform specializing in secure and efficient validator node hosting.
- Stakin: A community-driven validator focused on transparency and supporting PoS networks.
- And more! Check the app for the full list of supported validators for each blockchain.
Things to Consider in Choosing a Validatorโ
Are There Risks with Validators?โ
While staking with trusted validators like Ankr, Everstake, AllNodes, and Stakin minimizes risks, thereโs always a small chance of slashing (loss of staked assets) if a validator misbehaves or goes offline. Our partners are selected for their strong track records to reduce this risk.
How Are Rewards Distributed?โ
Validators like Ankr, Everstake, AllNodes, and Stakin process staking rewards based on the blockchainโs protocol. Rewards are credited to your Gem Wallet after the validator distributes them, minus any applicable commission fees set by the validator.
You can manually claim your staking rewards once they are available.
Can I Switch Validators?โ
Yes, in most cases, you can redelegate your stake to another validator (e.g., from Everstake to Stakin) within Gem Wallet. Check the specific blockchainโs rules, as some may impose a waiting period or restrictions.
Where Can I Learn More About Staking?โ
For detailed guides on staking with Gem Wallet and our partnered validators, visit our Staking Guides section to learn more.