Moonstake Wallet Now Supports Staking of Shiden (SDN)
Moonstake thrilled to announce that their users can now earn interest from staking Shiden network’s SDN token on both the Web and Mobile Wallets! Hold, send, receive, and stake SDN to receive rewards with the best user experience through one single click.
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies.
Moonstake teams are working hard together to enable the “DApp Store ” feature on Moonstake Wallets for users to enjoy staking to earn with other Shiden DApps on the wallet interface.
How SDN staking works
- Hold SDN Token, 100 SDN minimum staking amount.
- Agree to lock in and stake SDN
- Currently, each DApp can have a maximum of 512 nominators.
How to get rewards of SDN staking:
The annual reward (APY) for SDN is dependent on Shiden and its DApp Store. You can claim your SDN rewards once every ERA, which is a period of time that is approximately 24 hours. The claim needs to be done within 15 days or the unclaimed rewards go to the treasury. A claim can be made by the contract owner or any staker in the DApp. One claim will be for everyone, so it doesn’t have to be you. If the DApp owner or anyone else from the staking pool press “Claim”, you will also get your ERA rewards.
About Moonstake
Moonstake is the world’s leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
About Shiden
Shiden Network is a multi-chain decentralized application layer on Kusama Network. Kusama Relaychain does not support smart contract functionality by design. Kusama Network needs a smart contract layer.
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