# A Guide to $NAM Staking

**Published by:** [deNodes](https://paragraph.com/@denodes/)
**Published on:** 2024-12-04
**URL:** https://paragraph.com/@denodes/a-guide-to-nam-staking

## Content

This guide shows you how to stake your $NAM tokens on Namada, a L1 blockchain for shielded multichain asset transfers. Following its launch, you can now stake tokens to help secure the proof-of-stake network while earning rewards.SubscribeWhat is Namada NetworkNamada is a PoS L1 blockchain focused on privacy and data protection. Built by the Anoma Foundation, it leverages zero-knowledge proof technology to ensure privacy for multichain assets, featuring both IBC compatibility and a native 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 (MASP) receive NAM rewards for contributing to the shielded set.Introducing Namada: Multichain Asset-Agnostic Data Protection | Blog - NamadaNamada 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.netKey Features of the NAM TokenNAM 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 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 MainnetThe 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, 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 (PGF) mechanism to foster ecosystem growth.Phase 3 - Shielding Party: Implements IBC functionality for asset transfers and privacy-preserving shielding features.Phase 4 - Shielding Rewards Party: Launches incentive structure for users who shield governance-approved assets.Phase 5 - NAM Party: Enables full NAM token transferability across the network.How to stake $NAMStart 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 WalletInstall Namada Keychain, the official browser extension that lets you securely manage your NAM tokens and interact with the network.Namada - KeychainNamada is a Proof-of-Stake Layer1 for interchain asset-agnostic privacyhttps://namada.netStart StakingUse Namadillo, a community-hosted staking interface, to delegate your tokens. While we maintain this decentralized front-end, other community interfaces are also available.Namadillo - Namada User InterfaceNamadillohttps://namadillo.denodes.xyzStep-by-Step GuideOnce your wallet is connected to Namadillo, head to the Staking page and complete these simple steps to start earning rewards:Find and select a validator from the listEnter the amount you want to stakeVerify your delegation detailsSign the transaction in your walletThat's it! Your tokens are now staked and earning rewards. Want to see how it works? Check out our step-by-step video guide. Stake with usJoin deNodes Validator 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 and stay updated by following us on X!Subscribe

## Publication Information

- [deNodes](https://paragraph.com/@denodes/): Publication homepage
- [All Posts](https://paragraph.com/@denodes/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@denodes): Subscribe to updates
- [Twitter](https://twitter.com/denodes_io): Follow on Twitter