Users holding Flare tokens like $FLR on Flare network can delegate their vote power to data providers in the Flare FTSO system. This article demonstrates how to stake $FLR in SafePal Wallet and earn passive yieldings from your crypto holdings.
To use FLR delegation, please upgrade your SafePal App V3.8.0 or above from here first.
This article covers the following steps:
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Step1 Add $WFLR tokens to the wallet
Launch your SafePal App, and find the $FLR coin in your wallet, click ‘FLR(Flare)’.
Click the 'Delegation' icon on the $FLR page.
Click '+'.
Enter the amount of $FLR coins that you would like to wrap to $WFLR tokens, click 'Wrap'.
Choose a network fee standard, and click 'Confirm'.
Enter your App security password, click 'Confirm' to sign the network fee transaction.
You will see a popup message ‘Wrap Success’ appearing for a short while then it disappears, which means you add $WFLR tokens successfully. And the balance will display on the Stake page.
Step2 Add the FLR Delegation
Click ‘Add Delegation’.
Choose a delegation smart contract, and enter the delegate ratio of your vote power like 100%, then click 'Delegate'
Choose a network fee standard, and click 'Confirm'.
Enter your App security password to authorize the signature, then the delegation will complete. And you can see the delegated $WFLR balance in the staking page.
Step3 Claim the rewards
Congratulations! You successfully delegate your $WFLR tokens, you can check to view the next Epoch and your rewards of $FLR coins details. When you want to claim your reward FLR coins, just click 'Claim Reward' and sign the claim then!
