Cosmos
Jul 11, 2024
Restake your LAVA for maximum rewards!
Use Leap to delegate LAVA to validators & providers.
Don't just hold your LAVA
Lava mainnet is already seeing explosive traction, with users flocking in droves to try out dual staking.
LAVA dual staking is an innovative mechanism that lets you double-dip your tokens to earn rewards from both validators and node providers.
With over 50M LAVA distributed to 70k+ wallets, and an exciting rewards mechanism, the protocol has certainly fulfilled their promise of being rewarding. Make sure you've claimed your LAVA airdrop, because there's a lot more in store…
Dual staking LAVA with Leap
Leap provides the simplest way to dual stake your LAVA tokens and earn rewards from validators & providers. If you don't have Leap, you can refer to our setup guide.
LAVA holders can stake to a Lava Validator to secure the chain and restake to an RPC provider on Lava to boost performance across the network
Follow these steps to dual stake your tokens
Launch Leap
Open the Leap app or extension.
Go to the staking page
Tap on stake button to view your staking portfolio.
Enter the amount of LAVA you wish to stake.
Select your validator & provider
You can select the validator you want to stake your tokens to. We recommend staking with multiple validators to diversify. You can also choose to stake with Leap Wallet Validator, which is a preferred validator for Lava Network.
After selecting your validator, you can select the provider you want to earn rewards from. This is where restaking kicks in. If you wish to, you can leave this unselected.
Approve & confirm
Once you're done with your selections, simply confirm the transaction.
Done, you're now earning dual rewards on your LAVA!
Your rewards will accrue & can be claimed whenever you want.
Manage your dual staked tokens
You can use Leap to switch your validators, providers, and unstake your tokens.
Switch validators
Go to the staking page.
Select validator to view your delegation.
Tap on 'Switch validator'
Select the validator to delegate to.
Confirm.
Switch providers
Go to the staking page.
Select provider to view your delegation.
Tap on 'Switch provider'.
Select the provider to delegate to.
Confirm.
Unstake
Go to the staking page.
Select validator or provider to view your delegation.
Tap on 'Unstake' to confirm.
Your pending unstakes will be visible in the Stake page, under the 'Pending unstake' tab. You can cancel your pending unstakes if you wish to.|
Understanding Dual Staking on Lava
LAVA staking encompasses providers, validators, and token holders.
Providers stake tokens to join the network and are incentivized to maintain superior service.
Validators create and verify blocks, ensuring the network's security and reliability.
Token holders can delegate their LAVA to validators and providers, participating in governance and earning rewards.
Lava lets providers participate in the consensus via dual staking. When you dual stake your tokens, Lava "duplicates" your delegation, for each validator delegation a parallel provider delegation is created for the delegator, As a result, providers gain power in the consensus, influencing governance and block creation.
