# Simple Staking

## <mark style="color:blue;">**Overview**</mark>

**Simple Staking** on Elys Network offers users a straightforward way to earn rewards by putting their ELYS and EDEN tokens to work.

## <mark style="color:blue;">**How It Works**</mark>

ELYS or EDEN Staking allows you to earn staking rewards, while EDEN Boost adds a multiplier to your staking rewards (denoted in green) .\ <img src="/files/TEJC8BCT1Gs54Wz1V0ST" alt="" data-size="line"><br>

<figure><img src="/files/cgxSxtLCQFUn1FzwNiaq" alt=""><figcaption></figcaption></figure>

### <mark style="color:blue;">**Elys Staking**</mark>

**ELYS Staking** currently requires a 14-day bonding period.&#x20;

By staking your ELYS, you delegate your tokens to a Governor for governance purposes and earning staking rewards in both EDEN (bootstrapping rewards) and USDC (from system fee sharing).

<figure><img src="/files/7051FfE3GigtdG5Pl5Eq" alt=""><figcaption></figcaption></figure>

Staking is one of the most rewarding features for our users.

Every Elys Network feature collects fees, which are then redistributed to stakers and liquidity providers.

<figure><img src="/files/XFoRbTherSIAwMiSHr1g" alt=""><figcaption></figcaption></figure>

###

## <mark style="color:blue;">**User Guide**</mark>

Follow these simple steps to start staking on Elys Network:

1. **Access the Staking Interface**:
   * Log in to your Elys Network account and navigate to the "Earn" section.
   * Select "Simple Staking" from the available options.
2. **Select the Amount to Stake**:
   * Enter the amount of ELYS / EDEN tokens you wish to stake.
3. **Confirm Staking**:
   * Review your staking details, including the potential reward rate and lock-up period (if applicable).
   * Confirm the transaction to initiate staking. Your tokens will be securely locked into the staking pool.
4. **Earn Rewards**:
   * Your staked tokens will automatically start earning rewards based on the network's activity and fee distribution.
   * Rewards are calculated in real-time and can be claimed whenever you want
5. **Claiming Rewards**:
   * Visit the "Simple Staking" section periodically to claim accumulated rewards or simply use "Claim Rewards" on the Dashboard&#x20;
   * Rewards can either be compounded (staked back into the pool) or withdrawn to your wallet, depending on your strategy.
6. **Unstake (if applicable)**:
   * If you wish to unstake, go to the "Unstake" option in the staking interface.
   * Follow the steps to confirm and complete the unstaking process. Be aware of any lock-up period that may apply before your tokens are released.

## <mark style="color:blue;">**Benefits for Users**</mark>

* **Passive Rewards**: Earn rewards without needing to engage in active trading or pool management.
* **Growth Potential**: Staking rewards increase with the network’s transaction volume and platform growth.
* **Support Governance**: Contribute directly to the stability and integrity of Elys Network, enhancing its resilience and decentralization through decentralized governance.


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