How to Stake ATH for the Deposit Collateral
Last updated
Last updated
While you have the option to skip staking during the initial setup, your Aethir Edge device will not be operational without it. If you're ready to stake, this guide will walk you through the process, which includes acquiring the necessary ATH and ETH, transferring them to your app wallet, and then staking your ATH to activate your device and start earning rewards.
Acquire ATH and ETH:
Purchase ATH on a supported cryptocurrency exchange or swap for it on a decentralized exchange like Uniswap.
Ensure you also have some ETH in your wallet ($15 worth of ETH should be plenty) to cover gas fees on the Arbitrum network.
Download the Aethir Edge App: The Aethir Edge App is available for both iOS and Android devices. Download and install the app on your smartphone.
Create an Account and Complete KYC:
Open the app and create an account.
Complete the KYC (Know Your Customer) verification process. This is a mandatory step to ensure compliance with regulations and prevent fraudulent activity.
Determine Staking Amount: The app will guide you to determine the required amount of ATH based on your device tier and current network conditions. This information will be displayed on the main dashboard, showing your total mining revenue, connected devices, and the required staking amount. You can also refer to our Staking Schedule page.
Initiate Staking: Click on the "Stake" button to begin the staking process.
Confirm Staking Details: A confirmation screen will appear, displaying the device to be staked, the total ATH required, and the estimated gas fee. Review these details carefully.
Confirm Transaction: Click "Submit" to initiate the blockchain transaction.
Transaction Complete: Once the transaction is completed, you will see a confirmation message. Your device status will update to "Working," indicating that it is actively staking and mining.
Existing Users with Uncompleted Staking:
Complete Staking: You will see a prompt on the main dashboard to complete staking. The app will explain the required amount based on your device and network conditions.
Initiate Staking: Follow the same steps as outlined above for new users to initiate and complete the staking process.
If you encounter any issues, such as insufficient ATH or transaction errors, the app will provide error messages and support tools to help you resolve them.