stacky.

How to Stake Orchai Protocol Staked Compound ATOM (SCATOM) on MyNearWallet

MyNearWallet may not directly support SCATOM staking, but you can still use MyNearWallet to buy SCATOM and transfer it for staking.

Current APY

4.0%

Price

$0.0000

Platform Fee

No

Platform Type

wallet

Start Staking SCATOM on MyNearWallet

MyNearWallet gives you full control of your assets.

Stake SCATOM on MyNearWallet →

Step-by-Step: Stake SCATOM on MyNearWallet

1

Install MyNearWallet

Download and install MyNearWallet from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

2

Fund the wallet with SCATOM

Buy SCATOM on an exchange (Coinbase, Kraken, Binance) and withdraw to your MyNearWallet address. Double-check the network before sending.

3

Open the staking section

In MyNearWallet, navigate to the staking or earn tab for Orchai Protocol Staked Compound ATOM. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

4

Delegate and confirm

Enter the amount of SCATOM to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

MyNearWallet for SCATOM Staking: Pros & Cons

Pros

  • + Browser-based — no install required
  • + Direct delegation to any NEAR validator
  • + Compatible with Ledger hardware wallets
  • + Open-source codebase

Cons

  • - NEAR-only; no multi-chain support
  • - Web wallets carry phishing risk — bookmark the real URL
  • - Original NEAR Wallet was deprecated in 2023; some legacy guides are outdated

FAQ: SCATOM Staking on MyNearWallet

What APY can I earn staking SCATOM on MyNearWallet?
The current estimated APY for SCATOM staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and MyNearWallet's fee structure (No platform fee — validator commission (typically 1–10%)).
Is staking SCATOM on MyNearWallet safe?
MyNearWallet is a non-custodial protocol with a high risk profile for SCATOM staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake SCATOM from MyNearWallet?
Unstaking times depend on the network: ~2–3 days unstaking (4 epochs). During the unstaking period, your SCATOM won't earn rewards.
What fees does MyNearWallet charge for SCATOM staking?
MyNearWallet charges No platform fee — validator commission (typically 1–10%). These fees are typically deducted from your staking rewards automatically.
Can I stake SCATOM on other platforms?
Yes! You can compare all available platforms for SCATOM staking on our How to Stake Orchai Protocol Staked Compound ATOM guide. Different platforms offer different APY rates, fees, and custody models.