Staking

Brief Guide: Staking VRL with the CLI Wallet

This guide will walk you through the two steps required to stake your VRL and start earning rewards.

Prerequisites:

• Your CLI wallet is installed, synchronized, and contains a balance of VRL.
• You have unlocked your wallet using the unlock command.

Step 1: Set a Delegate

Before you can stake, you must choose a delegate (similar to a validator or pool). A list of active and reliable delegates is available on the official block explorer:

🔗 Delegate List: https://explorer.virel.org/delegates

Choose a delegate and note its address (e.g., delegate1). In your CLI wallet, use the set_delegate command.

Command:

set_delegate delegate1

(Replace delegate1 with your chosen delegate’s actual address)

What this does: This command assigns your wallet to your chosen delegate. You do not need to do this again unless you wish to change delegates.

Step 2: Stake Your VRL

Once your delegate is set, you can lock your funds to begin staking. The minimum stake is 100 VRL.

Command:

stake 500

(This example stakes 500 VRL)

⚠️ Important Information:

• Staking locks your delegated funds for 2 months.
• If you stake additional amounts later, all your staked funds will be re-locked for a new 2-month period.

Unstaking Your Funds

After the 2-month locking period has passed, you can withdraw your VRL using the unstake command.

Command:

unstake 500

(This example unstakes 500 VRL)

Summary of Commands:

1. set_delegate <delegate_address>
2. stake <amount>
3. unstake <amount> (after 2 months)

Always ensure your wallet is unlocked and you have a small amount of VRL left to pay for the transaction fees. Happy staking!