Category: Proton Tutorials

Updated for Version 1.0.4

Staking is the process of actively participating in transaction validation on the blockchain… in simple terms, you can earn interest on your crypto.

The fastest and easiest way to earn interest on your crypto is by Staking Proton XPR in the Proton Wallet.

1. Download Proton Wallet

Download Proton Wallet for iOS or Android using this link.

2. Buy XPR

Once you have setup your Proton Wallet, deposit crypto and buy Proton XPR following this guide.

3. Staking

On the home page of the Proton Wallet app you will see Proton XPR listed under Assets.

Click on Proton XPR.

This screen shows you your Available Balance in XPR.

Click on Add Stake.

Click on Short Stake.

Step 1: Using the slider, choose the amount of XPR you would like to stake then click Next.

Step 2: In order to claim short staking rewards you must select 4 block producers to vote for, the decision is up to you and each Block Producer makes different contributions to the network. We will cover this in more detail in a future post.

For now, select the four Block Producers you would like to vote for.

After selecting four Block Producers, press Finish.

Now you will return to this screen and you can see your available balance as well as your total staked XPR.

4. Claiming Rewards

As a result of Short Staking and voting with your Proton XPR, you can now claim daily rewards based on the variable APR.

The variable APR changes depending on how much Proton XPR is staked on the network. To see the variable APR simply click on Update Stake again and you will see it listed under Short Stake.

If you are Short Staking you can claim your rewards once per day by opening the Short Stake panel and pressing Claim Now.

You can only Claim staking rewards once every 24 hours, and you have to wait 24 hours the first time you stake, so you may see a screen like the one below showing no rewards yet. Be patient and check back this time tomorrow!

Please note this guide will be updated as the Proton Chain team release new updates to the Proton Wallet.

We appreciate your vote for Proton NZ in the Proton Wallet!

The easiest and fastest way to buy Proton $XPR is using Proton Swap.

1. Download Proton Wallet

Download Proton Wallet for iOS or Android using this link.

2. Get your Proton Name

Follow our quick guide on setting up your Proton Wallet.

3. Deposit Crypto

Once you have setup your Proton Wallet, visit Proton Swap and Connect Wallet.

When you click Connect Wallet you will be asked to choose a wallet, click on Proton Wallet.

You will then be given a QR code to scan. If you are on your mobile phone click ‘Open Wallet’.

If you are on a PC or Mac, open the Proton Wallet on your mobile device, press the square in the bottom menu and then scan the QR code.

After you have scanned the QR code with the Proton Wallet a popup will appear, click Authorize.

After you click Authorize in the Proton Wallet return to Proton Swap and you will be logged in (see your name top right).

Click the Convert button on the menu in Proton Swap.

You can then choose to deposit crypto of your choice, in this example we will use Ethereum (ETH).

Click on Ethereum, you will be given a deposit address. Copy the address and paste it in your existing wallet.

Send your ETH to this address and it will automatically be converted to XETH.

4. Swap Crypto

Once your deposit has been received you will see your updated balance in the Proton Wallet. You can now use Proton Swap to purchase XPR with your ETH.

Click the Swap button on the menu in Proton Swap.

Then choose the crypto you would like to swap, in this case we are swapping some of our XETH to XPR.

Enter the amount of XETH you would like to swap for XPR, in this case I have chosen 0.0028 and click Swap.

You will then need to confirm this request by opening up the Proton Wallet on your mobile device.

When you open Proton Wallet on your mobile device a popup will appear, click Authorize.

Success! You have now swapped XETH for XPR.

Now visit our Guide to Staking for information on how to earn interest on your Proton XPR.