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How to Stake Staking Compound ORAI (SCORAI) on MyNearWallet

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

Current APY

4.0%

Price

$0.8303

Platform Fee

No

Platform Type

wallet

Start Staking SCORAI on MyNearWallet

MyNearWallet gives you full control of your assets.

Stake SCORAI on MyNearWallet →

Step-by-Step: Stake SCORAI 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 SCORAI

Buy SCORAI 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 Staking Compound ORAI. 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 SCORAI 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 SCORAI 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  • - Original NEAR Wallet was deprecated in 2023; some legacy guides are outdated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: SCORAI Staking on MyNearWallet

What APY can I earn staking SCORAI on MyNearWallet?
The current estimated APY for SCORAI 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 SCORAI on MyNearWallet safe?
MyNearWallet is a non-custodial protocol with a high risk profile for SCORAI 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 SCORAI from MyNearWallet?
Unstaking times depend on the network: ~2–3 days unstaking (4 epochs). During the unstaking period, your SCORAI won't earn rewards.
What fees does MyNearWallet charge for SCORAI staking?
MyNearWallet charges No platform fee — validator commission (typically 1–10%). These fees are typically deducted from your staking rewards automatically.
Can I stake SCORAI on other platforms?
Yes! You can compare all available platforms for SCORAI staking on our How to Stake Staking Compound ORAI guide. Different platforms offer different APY rates, fees, and custody models.