Access the wallet

Open the wallet in device, Create a new wallet, or access an existing one using mnemonic or a keystore file.

Deposit your WYZ

Transfer your WYZ from an exchange to your WY chain wallet address.

Choose Validator

Select a validator, stake for the selected rate of APY or lock up your WYZ from a minimum of a week up to a year to earn higher staking rewards.

Earn Rewards

WY chain is DPoS compatible. Locate and browse dApps on WYZ. Permanent trading fee paid to you with zero commission for the protocol.

Liquid Staking

Earn staking rewards

Liquid staking enhances the sustainability of the network and gives more flexibility for investors. Use your staked WYZ on the WY chain as DeFi collateral.

Within the WYZ ecosystem, your delegates are flexible. Selecting the duration to lock-up your assets for a fixed reward rate. Both fixed and flexible staking is best with proportional APY rates and lock-up period.

Earn Rewards

 

Across the Board

With WYZ, you can stake starting from as minimum as 1 WYZ, and you can earn rewards for just 1 WYZ.

Flexible Earning

With fixed lock up duration, you can also stake for no lock up period with flexible staking and earn rewards.

Security rewarded

Staking is essential for being a secure network. Participate and earn rewards for securing a network.

Liquid Staking

Liquidity Unlock

WY Mint is the platform on which liquid staking unlocks the value of the staked WYZ.
Mint WDAI in a 1:1 ratio of your staked WYZ and use it as a security in WYZ Finance.

Mint WDAI

 

Value at stakes

On WYZ you can do both the staking and can use DeFi. Thus, you don’t have to decide, like other platforms.

No Fees

On minting with WYZ and repaying WDAI, No fee is charged.

For validators

Run a node

Validator nodes are an essential part of the WYZ network. Validators run a full-node and participate in consensus to increase security and to forge new blocks.

  • Minimum requirement: 1,000,000 WYZ
  • Maximum validator size: 15x the self-stake amount
  • Earn staking rewards and a 15% fee on delegators rewards
  • Minimum hardware requirements: AWS T2.large EC2 (or equivalent) and at least 800GB of Amazon EBS General Purpose SSD (gp2) storage (or equivalent).
Set up a node

How can we help you?

Frequently asked questions

  • What is staking?

    • Staking is the process of securing the network via locking up your tokens. It serves the same purpose as mining in a Proof-of-Work network such as Bitcoin.

      Validator nodes validate transactions and the staked tokens act as an economic incentive for stakers to play by the rules of the protocol.

      While staking means locking up your tokens, they are still in your wallet and only you have access to them. You can unlock your funds anytime.

  • Why should I stake?

    • By staking, you actively participate in securing the network. You will earn passive income by getting rewarded in WYZ.

  • What wallets can I use?

    • You can use WY link Wallet – Mobile wallets (iOS and Android ) or the web/desktop version.

  • Are my tokens safe when I stake?

    • Yes. Nobody except you will have access to your tokens. Make sure not to lose your mnemonic phrase or private key.

  • Can I lose my tokens when staking?

    • If you stake to a validator node that acts maliciously, you can lose all your staked tokens. It is important that you choose the validator node wisely and make sure they’re reputable.

  • Can a validator run away with the money?

    • No. In any case, a validator does not have access to any other tokens than its own. However, if a validator acts maliciously all the funds staked to that node can be lost.

  • What happens if a validator goes offline?

    • If a validator node goes offline, it stops receiving rewards since it’s not helping secure the network anymore. When it comes back online, the rewards resume.

  • Can I delegate multiple times?

    • You can delegate as many times as you want, as long as you use a different address every time. At the moment only one delegation per wallet is possible.

  • Can I use my tokens while staking?

    • No, you cannot use your tokens while staking. To withdraw them, you have to unstake them first. Unstaking takes 7 days.

  • What happens if I unstake my tokens during the lockup period?

    • If you unstake your tokens during the lockup period, you will lose the rewards and those rewards will be burned.

  • How long does it take to unstake my WYZ?

    • It takes 7 days. During that time you will not receive rewards. Once the 7 days pass, you can withdraw the tokens from your wallet

  • Why are there unbonding times?

    • Long unbonding periods create stability in the network and prevent attackers from withdrawing their stake before the effects of their attack is reflected on the market

  • Does my computer have to always be connected to stake?

    • Not at all. Staking happens on-chain, so it’s completely independent from your computer, mobile device or wallet. Once you have staked your tokens, you can safely log out from your wallet and if you want you can periodically access it to check your rewards balance