# A Guide to $NAM Staking By [deNodes](https://paragraph.com/@denodes) ยท 2024-12-04 --- This guide shows you how to stake your $NAM tokens on [Namada](https://x.com/namada), a L1 blockchain for shielded multichain asset transfers. Following its [launch](https://x.com/namada/status/1863966181289574508), you can now stake tokens to help secure the proof-of-stake network while earning rewards. [Subscribe](null) * * * What is Namada Network ---------------------- [Namada](https://namada.net/) is a PoS L1 blockchain focused on privacy and data protection. Built by the [Anoma Foundation](https://anoma.foundation/), it leverages zero-knowledge proof technology to ensure privacy for multichain assets, featuring both [IBC compatibility](https://docs.namada.net/users/ibc) and a native [Ethereum bridge](https://specs.namada.net/modules/ethereum-bridge). The Namada network allows users to shield any type of asset, whether fungible or non-fungible, and incentivizes privacy by offering rewards to users who maintain their shielded assets. To encourage privacy features, users of the [Multi-Asset Shielded Pool](https://specs.namada.net/modules/masp) (MASP) receive NAM rewards for contributing to the shielded set. [ Introducing Namada: Multichain Asset-Agnostic Data Protection | Blog - Namada ----------------------------------------------------------------------------- Namada is a proof-of-stake L1 for multichain asset-agnostic data protection. Namada interoperates with fast-finality chains via IBC and with Ethereum via a trustless two-way bridge. https://namada.net ![](https://storage.googleapis.com/papyrus_images/b154ff1435544d761fe1c88defe22f0faa69e86027277cb1ee7890e54779ce60.gif) ](https://namada.net/blog/introducing-namada-multichain-asset-agnostic-data-protection) ### Key Features of the NAM Token [NAM](https://specs.namada.net/) is Namada's native token and plays several critical roles in the protocol's operation. As the economic bond asset for validators, NAM tokens are used for [staking](https://specs.namada.net/modules/proof-of-stake) to discourage malicious behavior and secure the network. The NAM token is also required for all transaction fees on the network and serves as the voting power in governance decisions. Also, a portion of the annual NAM inflation is allocated to fund public goods, supporting technical research, educational materials, and other valuable ecosystem contributions. * * * Kick off the Namada Mainnet --------------------------- The Namada mainnet launches December 3rd, marking a new era for privacy-preserving blockchain networks that shield multichain assets. Following the genesis launch, Namada will advance through [5 mainnet phases](https://x.com/namada/status/1859250449213505994), each coordinated by governance to ensure network stability and security: * **Phase 1 - Block Party:** Launches with genesis block activation, enabling NAM staking through validator delegation and governance participation. * **Phase 2 - Staking Party:** Activates staking reward distribution and the [Public Goods Funding](https://docs.namada.net/users/public-goods-funding) (PGF) mechanism to foster ecosystem growth. * **Phase 3 - Shielding Party:** Implements [IBC functionality](https://docs.namada.net/users/ibc) for asset transfers and privacy-preserving shielding features. * **Phase 4 - Shielding Rewards Party:** Launches [incentive structure](https://docs.namada.net/users/shielded-accounts/shielded-rewards) for users who shield governance-approved assets. * **Phase 5 - NAM Party:** Enables full NAM token transferability across the network. * * * How to stake $NAM ----------------- Start earning rewards and participating in governance by staking your NAM tokens. The process involves two main components: setting up your wallet and delegating tokens. > **Important**: Staked tokens have a 14-day unbonding period on Namada mainnet before they can be withdrawn. ### Set Up Your Wallet Install [Namada Keychain](https://namada.net/extension), the official browser extension that lets you securely manage your NAM tokens and interact with the network. [ Namada - Keychain ----------------- Namada is a Proof-of-Stake Layer1 for interchain asset-agnostic privacy https://namada.net ![](https://storage.googleapis.com/papyrus_images/a253719f8bed85b29f810543ab5e65c56650d61ffcbff3ed02f6b22c223f5c3d.jpg) ](https://namada.net/keychain) ### Start Staking Use [Namadillo](https://namadillo.denodes.xyz/), a community-hosted staking interface, to delegate your tokens. While we maintain this decentralized front-end, other community interfaces are also [available](https://namada.net/apps#interfaces). [ Namadillo - Namada User Interface --------------------------------- Namadillo https://namadillo.denodes.xyz ](https://namadillo.denodes.xyz/) ### Step-by-Step Guide Once your wallet is connected to [Namadillo](https://namadillo.denodes.xyz/), head to the [Staking](https://namadillo.denodes.xyz/staking) page and complete these simple steps to start earning rewards: * Find and select a validator from the list * Enter the amount you want to stake * Verify your delegation details * Sign the transaction in your wallet That's it! Your tokens are now staked and earning rewards. Want to see how it works? Check out our step-by-step video guide. [![]({{DOMAIN}}/editor/youtube/play.png)](https://www.youtube.com/watch?v=AFKN8L0r4iA) * * * Stake with us ------------- Join [deNodes Validator](https://x.com/denodes_io) to stake your $NAM tokens and benefit from our secure infrastructure, competitive fees, and optimized staking rewards. * **deNodes Validator Address:** Learn more at [our website](https://denodes.io/) and stay updated by following us [on X](https://x.com/denodes_io)! * * * [Subscribe](null) --- *Originally published on [deNodes](https://paragraph.com/@denodes/a-guide-to-nam-staking)*