As everyone knows, ICP should have started with the Death of the Four Heavens as expected. ICP had a strong start and ended up falling 100 times. However, all the friends in the pit knew that it was Sam who maliciously pulled up the market and shorted it when the market opened. Now after two or three years of development, icp has begun to improve! As an 8yearsgangdao, I hope ICP to the moon!

First, friends should be able to access https://nns.ic0.app

So, now let’s teach you how to get staking rewards.

NNS pledge governance process

First of all, everyone needs to know the staking mechanism of ICP. If you want to unlock ICP tokens after staking, you need to dissolve the neurons. Simply put, the time you get to get the tokens is determined based on the dissolution time you choose when staking. The minimum is 6 months. The longest time is 8 years! ! ! If the dissolution time unit you choose when staking is 8 years, then it will take 8 years after you [unpledge] to get back all the principal and interest! (Everyone must carefully consider when choosing to pledge)

for example:

You stake ICP to Neuron at this time, and choose the unlocking time as 8 years. If you choose to unlock after holding it for 2 years, then you will have to wait 8 years from the moment of unlocking to get the principal!

Of course, the longer the unlocking time is, the more interest you will receive. If you pledge for 8 years, you can get 25% interest every year, and you can get double the principal in total! You can also choose a shorter time to unlock. The NNS governance algorithm stipulates that the minimum time unit for ICP unlocking is half a year.

(180 days, but no voting rewards), the annual dissolution rate is currently about 12%.

How to stake ICP tokens to Neuron

1. Create an ICP NNS Internet identity wallet and transfer ICP tokens to your wallet address. For specific tutorials, please refer to my previous article: ICP: How to Create an Internet Computer Wallet.

2. After transferring to the wallet, enter NNS-My Neuron Staking: https://nns.ic0.app/neurons, and click the [StakeNeurons] button to start creating neurons.

What are neurons:

In order to facilitate the network governance of ICP, ICP tokens can be pledged to neurons to obtain the governance rights of the ICP network. One neuron represents a certain amount of ICP tokens, which cannot be withdrawn during a lock-up period. When a token holder is in a neuron

With a certain amount of ICP tokens locked, the neuron holder has the right to vote on governance issues and receive voting rewards (ICP token rewards) in proportion to the amount of ICP locked and the length of the locking period.

3. Next, select the token source of the pledged neuron (default is the main wallet address), enter the pledge amount (at least pledge 1 ICP), pledge transaction fee: 0.0001ICP (can be ignored), and then click [Create] button creates neurons.

4. Please be careful when operating this interface! ! Here select the neuron dissolution delay date, the selection range is: 6 months to up to 8 years (the number is in days, the range is: 180-2920).

The additional issuance of ICP in the first year is 10% of the total amount, and drops to 5% after 8 years. Unless the principal after pledge expires, there is no way to withdraw it in advance, so you must pay attention when setting it up. (Neurons can be bought and sold)

The voting weight for 8 years is 200% (2 times), which translates into an annualized return of 25% (200%/8=25%).

There is no voting reward for staking for half a year, but there should be a staking reward (the exact amount is unknown). It is recommended that the staking time be at least one year, and you can get a total annualized rate of 12%.

5. Then confirm the pledge information and click [Confirm and Set

Delay] button.

6. Next choose which neuron votes to track.

Because we must vote to get rewards after staking, but most of the time we don’t have time to vote, but NNS supports delegation by tracking neurons

Please vote so that you can get voting rewards.

It is recommended that you choose an unofficial active neuron when following the vote. I chose here: 8YearsGang (ICP pledge party for 8 years. This neuron is an active community organization that is more responsible for the ICP network).

Of course, you can also choose other neurons, and multiple selections are supported (it is recommended not to only choose the 8-year party, ICP needs to be decentralized to prevent evil governance from occurring).

! ! Note that choosing the official Dfinity neuron may not receive voting rewards sometimes, because the official does not participate in some voting, and he hopes the community will complete it.

Remember to select each item when voting so that you can get all the voting rewards. They belong to different network governance.

If you want to modify or add or delete tracking neurons when setting up tracking delegation voting, you can modify it here and click the [Follow Neurons] button.

After the pledge is completed, you can view your pledge information. If you want to continue to increase the pledge or extend the dissolution period, you can click the button to modify it.

Finally, there are risks in the currency circle, please be cautious when entering the market #icp