1. Delegation

Delegation is a method in blockchain to entrust your assets to a trusted validator, enhancing security and earning returns. Delegation offers the following benefits:

• Enhanced Security: Entrusting your coins to a trusted validator enhances the network's stability and security.
• Earning Returns: You earn a portion of the validator's operational profits as rewards for the assets you delegate.
• Participation and Influence: You can participate in network governance and influence decision-making processes.
• Easy Participation: You can contribute to the blockchain network without the technical complexities.

Delegation Procedure

Step 1: Select the chain.

Step 2: Click the purple 'swirl' icon at the bottom right.

Step 3: Click the ‘Stake’ button.

Step 4: Click ‘Start Stake’.

Step 5: Select the validator to whom you wish to delegate, enter the amount to delegate, and then click the ‘Stake’ button.

Step 6: Enter your PIN code to execute the transaction.

• Tip: The delegated assets are not transferred to the validator but are managed and protected by the blockchain system. This means you can always undelegate and reclaim your assets. These delegated assets are securely protected within the blockchain system, unaffected by the performance or fluctuations of the validator.

2. Re-Delegation

Re-delegation involves transferring already delegated assets to another validator.

Step 1: Select the chain where you have delegated assets.

Step 2: Click the purple ‘swirl’ icon at the bottom right.