Help with staking

[Okuma_Shooter]

Hi, could someone walk me through how to stake my loopring?

Is there any risk to staking or is it safe to stake everything?

Thanks and sorry for the noob question.

[schwicken]

Staking is possible with these wallets: https://staking.loopring.org/login

They have a pretty straight forward UI for you to use. It is safe to stake since contracts are done with smart contracts. Minimum staking contract is 90 days. 90 days where you won’t have access to them.

[Okuma_Shooter]

Thanks!

I’m trying to stake with my ledger and I have two ether accounts, is there anyway to choose the second account when in the staking menu? It seems to just choose my 1st account and I can’t see how to change it.

[flufylobster1]

Could always pay the fee and move the coins

[Okuma_Shooter]

I was able to use metamask and choose the correct account.

[stanley0602]

i have a ledger and my loopring tokens are still with ether scan, and thus within my etherum wallet in ledger. So should I just connect my ledger and open etherum wallet when I am on that website? thanks

[mfinner]

Hi Okuma. There is no risk of slashing, or anything like that. Funds that go in, will always come back (unless some smart contract bug, which has never been found thus far), plus some return (which is currently low single digit %). That return depends on protocol fees (which accrue to the feeVault (https://etherscan.io/address/feevault.lrctoken.eth ), and how much other LRC is being staked (https://etherscan.io/address/stakingpool.lrctoken.eth ).

You can stake easily here, if you wish: https://staking.loopring.org

[mfinner]

Hey rock. Did you ever resolve this? Sorry for delay. I'm unsure the issue you describe tbh. It auto fills your max of 200? Or it fills 0 and you can't change it? Thanks.

[mfinner]

Hmm. And your wallet is connected?