# IoTeX Staking

## [Stake](https://binodocs.iotex.io/iotex-staking#stake-to-earn-points-at-the-highest-multiplier) to earn BinoBits at the highest multiplier 🎁 <a href="#stake-to-earn-binobits-at-the-highest-multiplier" id="stake-to-earn-binobits-at-the-highest-multiplier"></a>

**Website:**

<https://hub.iotex.io/staking>

## BinoBits Reward <a href="#binobits-reward" id="binobits-reward"></a>

During the GGS2 period, users who stake **$IOTX** for **91 days or more** will receive **BinoBits** point rewards.

{% hint style="warning" %}

* If the staking duration is **greater than 90 days but less than or equal to 365 days**, the reward points will be calculated as:\
  **Reward Points = Staked $IOTX Amount × 0.05 × Staking Days**
* If the staking duration **exceeds 365 days**, the reward points will be calculated as:\
  **Reward Points = Staked $IOTX Amount × 0.05 × 365 / 91**
* The user's **daily reward** will be calculated as:\
  **Daily Reward = Staked $IOTX Amount × 0.05 × Staking Days / Remaining Event Days**
* This applies regardless of whether the user has enabled **Stake-Lock**.&#x20;
* If a user performs a **Restake** operation on Bucket during the event period, making it eligible for rewards, it will also be considered a valid Bucket.
* Staking points will be synchronized once a day at a random time.
  {% endhint %}

<figure><img src="/files/a4Ti8ocAPnvzBS4VdFN7" alt="" width="375"><figcaption></figcaption></figure>

<details>

<summary>Staking Guide</summary>

* Access the staking interface: <https://hub.iotex.io/staking>.
* Click Connect Wallet to link your wallet.
* Select Delegate to stake.
* Enter the staking amount and duration, then click Confirm.
* Once the staking success message appears, the staking process is complete.

</details>

### Extra Staking Perks? <a href="#whats-else-for-staking" id="whats-else-for-staking"></a>

* Staking IOTX makes you change from a holder to a contributor. You can help to facilitate network operations, consensus, governance and also enhance the security and efficiency of the IoTeX Network by staking.
* By staking, you can receive votes (1 IOTX = 1 vote) and earn IOTX rewards in return. With IoTeX, the staking interest rate is up to \~11% APY.
* Staking your IOTX to a delegate results in depositing them into the blockchain itself, under no circumstances will your IOTX be transferred to the Delegate. You will maintain exclusive control over your deposit at all times.


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