What is staking?
By staking FLR to infrastructure providers, you are supporting the security of the network’s proof-of-stake consensus mechanism and the provision of data to Flare’s enshrined oracles.
Flare infrastructure providers are unique because they are responsible for both validation and decentralized data provision. This elevates the importance of data on Flare to the highest level, with Flare’s oracles inheriting the security and decentralization of the network.
How do I stake?
There is a minimum staking amount of 50,000 FLR. To participate you first need to transfer your FLR from the C-Chain where smart contracts run, to the P-Chain where staking happens. You can then stake to up to 3 different infrastructure providers / validators.
Please use one of the following options:
- Natively in Bifrost Wallet or the Solidifi mobile app
- Using a Ledger device and the FlareStake tool (video below)
- Using MetaMask or Wallet Connect and the Flare Portal
Learn more about staking FLR in the Technical Documentation.
Why should I stake?
Why should I stake?
How do I choose a validator to stake to?
- Uptime: Monitor infrastructure provider uptime, which indicates their ability to maintain consistent operation.
- Performance data: Additional analytics are provided by FlareMetrics, Flarescan, Flare.Builders, and Solidifi.
- Fees: Each infrastructure provider sets a fixed staking fee and cannot change it until their own self-bonded staking period is complete. While choosing a provider with the lowest fee may seem attractive, we recommend balancing fees with other critical factors like reputation, uptime, and stake amount. For example, validators with the same fee % and uptime don’t necessarily yield the same rewards due to the reward cap.
- Reward cap: Validators are capped at receiving 5% of the total network rewards. This ensures that rewards are distributed more evenly among validators and prevents excessive concentration of rewards. If a validator’s stake exceeds 5% of the total stake, they are considered oversubscribed and rewards earned will be diluted.