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Monad is a high-performance, EVM-compatible Layer-1 blockchain delivering up to 10,000 transactions per second through novel architectural improvements. The network is secured using proof-of-stake consensus, and Monad’s native token, MON, allows token holders to collect rewards for helping secure the network. Anchorage Digital offers support for Monad including custody and staking:
  • Custody your assets (deposit and withdraw)
  • Stake MON_MONAD to any validator and collect rewards

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How to stake

1

Navigate to your wallet

Tap the vault, select the wallet, then tap Stake to review and accept the disclosures.
2

Enter validator and amount

Enter the validator ID and amount.
The validator ID is an integer value, not a wallet address (e.g., 24).
3

Review and approve

After adding a comment (optional), review and approve the operation details. Once the operation’s quorum policy is met, the operation will be signed and broadcast on-chain.

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How to claim rewards

1

Navigate to staking details

Go to the wallet screen and tap View details.
2

Claim rewards

Select the position from which you want to claim your rewards and tap Claim rewards.
3

Review and approve

After adding a comment (optional), review and approve the operation details.

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How to unstake

Unstaking requires two operations: 1) unstake and 2) collect.

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Step 1: Unstake

1

Navigate to staking details

Go to the wallet screen and tap View details.
2

Initiate unstake

Select the staking position from which you would like to unstake. Tap on the [ ··· ] button in the staking position card, then tap Unstake.
3

Enter amount and approve

Enter the amount to unstake. After adding a comment (optional), review and approve the operation details. Once the operation’s quorum policy is met, the operation will be signed and broadcast on-chain.
You will need to wait until the next Monad epoch ends before your MON is available to collect back to your wallet. Epochs are about 5.5 hours long.

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Step 2: Collect

1

Navigate to staking details

Go to the wallet screen and tap View details.
2

Collect inactive stake

Select the staking position from which you would like to collect the Inactive Stake. Tap on the [ ··· ] button in the staking position card, then tap Collect.