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Most people think staking means locking tokens and forgetting about them. Ignition lets you earn yield and stay liquid.

This is a short guide on how to stake your FOGO tokens with Ignition while staying flexible and keeping your options open for DeFi.

Why Liquid Staking?

Most staking locks your tokens, leaving you stuck. With Ignition's liquid staking, you earn yield on your FOGO while receiving a liquid token (iFOGO) that you can still use in DeFi. You get the best of both worlds: staking rewards plus flexibility.

Get Started

Head directly to the Fogees Hub validator on Ignition and connect your wallet. Set your session duration (1 hour, 1 day, etc.), log in, and approve the transaction.

Alternatively, you can manually navigate to Ignition by:

• Checking Ignition’s X account: @IgnitionXYZ

• Opening your Nightly wallet, going to Apps, and scrolling down to find Ignition

Once there, click Validators and select Fogees Hub or any other validator from the list.

Connecting Your Wallet

Click Validators, then sign in and connect your wallet. Set your session duration (1 hour, 1 day, etc.), log in, and approve the transaction.

How to Stake

1. Enter the number of FOGO tokens you want to stake

2. Click Stake

3. Approve the transaction

That's it. You've staked your FOGO and will receive iFOGO in return.

Understanding iFOGO

You'll notice that 1 iFOGO is worth more than 1 FOGO. This is normal for liquid staking tokens (LSTs). The value of iFOGO grows over time as staking rewards accumulate.

The current APY is displayed on the interface. Keep in mind this rate will decrease as more people stake their tokens.

How to Unstake

Click the Unstake tab. You have two options:

• Instant: Higher fee, but you get your FOGO immediately

• Delayed: Lower fee, but you wait for the unstaking period. The popup will show you how long that will take.

Choose based on how urgently you need your tokens.

Why Stake?

If you plan on holding FOGO, you should stake. You can put it to work, safely earning a yeild by simply clicking a few buttons.

Plus, with liquid staking, your iFOGO can even be used in DeFi platforms.

The Rewards Program

Ignition has a points program called "Miles." When you stake, you earn miles that accumulate over time.

Key things to know about rewards:

• Daily Boxes: You can open one box per day to earn points

• Boxes Expire: If you don't claim your box within the timer (e.g., 24 hours), those points are lost

• Weekly Boxes: These also contain miles but don't expire. They persist until you open them.

• Tiers: As you accumulate points, you move up through tiers (starting from Ember)

• DeFi Score: Your activity affects your score and rewards

Set a reminder to log in daily and open your box. Consistency is key to maximizing your points.

This is time sensitive.

Viewing Your Portfolio

The Portfolio tab shows how much iFOGO you hold. The Rewards tab displays your TVL, points earned, DeFi score, and current tier.

Key Takeaways

Stake to earn yield. Holding unstaked FOGO means losing value to inflation.

Stay liquid. iFOGO can be used in DeFi, so you're not locked out of other opportunities.

Claim daily. Open your rewards box every day or lose those points.

Support the ecosystem. By staking with Fogees Hub, you support our mission to be the Fogo education hub.

Help us on our mission

If this information was useful, you can support us by staking with our validator. Earn yield while helping us produce more content like this for the community.

And… don’t miss Season 2 Airdrop. Sign up here and start earning flames.

Want a visual walkthrough? The video below covers this topic in detail.

Need Help with Fogo?

We've created a library of different tutorials on navigating the Fogo blockchain. Be sure to check out our blog posts for more.

In addition, we have a YouTube playlist showing this tutorial and many others.

Disclaimer: This content is for educational purposes only and is not financial advice. Always do your own research before making any investment decisions.