# 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="https://723411151-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYSf8pZaRovewz0yJFl0a%2Fuploads%2FDOiT4e8zRDn7PNzTHNYx%2FScreenshot%202025-05-16%20at%209.13.05%E2%80%AFPM.png?alt=media&#x26;token=aa3628c6-65e6-4879-8090-8bdeddd39262" alt="" data-size="line">\


<figure><img src="https://723411151-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYSf8pZaRovewz0yJFl0a%2Fuploads%2FEn9W7KiX9RhWcENfq5xO%2FScreenshot%202025-05-16%20at%209.13.05%E2%80%AFPM.png?alt=media&#x26;token=3ddddcc1-35a6-4e3e-adf1-ba97b5032877" 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="https://723411151-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYSf8pZaRovewz0yJFl0a%2Fuploads%2FczUvuAXhjYdDXmwBPWz2%2Fimage.png?alt=media&#x26;token=88c8447a-aa6d-4d03-b891-905dd0453c15" 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="https://723411151-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYSf8pZaRovewz0yJFl0a%2Fuploads%2FefCZjWexRe72wUBBabox%2FElys%20Token%20Diagram.jpg?alt=media&#x26;token=128e964b-fa2c-4477-bd53-7ace0cee9996" alt=""><figcaption></figcaption></figure>

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## <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.

