Spawn a New Neuron
Remove rewards from a staked neuron in the form of a new staked neuron with a dissolve delay of 7 days.
FAQs
Vote Following
A configuration of your neuron where you allow your voting power to follow the votes of another neuron. This helps ensure you do not miss any vote (you can only earn voting rewards if you vote). You can still vote manually on any proposal even when you are set up to follow someone else. When
Dissolve Delay
The dissolve delay is the amount of time that you set on the timer. This timer determines when you can withdraw your ICP from your staked neuron. When you unlock your neuron you start the timer and when you lock you stop the timer.
NNS Proposal
A submission to the NNS that must be voted on and approved by neurons before a change can be made to the Internet Computer Protocol.
Neuron
A neuron is a place to lock away your ICP in order to participate in the governance of the Internet Computer Protocol by voting on NNS proposals.
The NNS
The Network Nervous System. This is the staking/voting system that governs the Internet Computer Protocol.
How to maximize ICP returns if I want all my ICP at X years? Any calculator or formula?
The best way to maximize your liquid ICP is to follow this guide: https://icp.guide/the-best-staking-strategy-to-maximize-liquid-icp/. We haven’t seen a calculator or formula to do this yet.
How to maximize ICP returns if I want all my ICP at X years? Any calculator or formula? Read More »
How many ICP do I need to stake so I could get minted new ICP and compound it daily, weekly, or monthly?
The 8 year dissolve delay staking reward right now is about 28%. This means that the daily rate of return is 0.076%, the weekly rate of return is 0.538%, and the monthly rate of return is 2.3%. To get 1 ICP in rewards every day, you need 1 / 0.00076 ICP, which is 1,316 ICP
How can I get the best ICP returns? Is it better to stake 4 years and unlock immediately, or to stake 2 years and then unlock after 2 years?
The best strategy to maximize ICP return (regardless of when you want your ICP out) is to make your dissolve delay as high as possible and then compound your returns, meaning take any ICP rewards you get and reinvest them into your staked neuron. Compounding is currently a manual activity, but the Dfinity foundation has
Will voting rewards that have already been earned decrease?
No. Once you have earned voting rewards, they will not decrease. The amount of voting rewards you have earned is expressed as maturity in the NNS app. Rewards = Maturity * Staked ICP. There are conditions that will change your maturity, but they will not change your rewards. Adding more ICP to a neuron and
Will voting rewards that have already been earned decrease? Read More »
Will annualized returns change over time?
Annualized returns are not fixed and will generally decrease over the next 8 years. The total voting reward token allocation will decrease over time. Also, as more ICP is staked, the fraction of the “total voting reward token allocation” received by each individual will decrease. You can increase your dissolve delay any time which will
I can see that my neuron is earning rewards, but why is my SPAWN button greyed out?
The “Spawn” button will not become active until your ICP rewards are greater than 1 ICP (meaning maturity multiplied by total ICP staked is greater than 1). Then you can spawn a new neuron with your newly minted ICP.
I can see that my neuron is earning rewards, but why is my SPAWN button greyed out? Read More »
I have staked my ICP for a few days now, but I’m not earning any rewards, why?
In order to earn rewards your dissolve delay has to be 6 months or longer and you have to vote on NNS proposals. A way to guarantee that you vote on all proposals is to follow another neuron that you trust will vote in a manner that is consistent with your preferences. The two most
I have staked my ICP for a few days now, but I’m not earning any rewards, why? Read More »
When can I claim my rewards?
When you have greater than 1 ICP in rewards (when maturity multiplied by total staked ICP is greater than 1), then you can “Spawn” a new neuron with your freshly minted ICP rewards.
How are the rewards calculated?
Daily voting rewards are based on your chosen dissolve delay, the age of your neuron, the number of ICP you staked, the percentage of proposals you voted on for the day, the total number of ICP staked in the network, and the total voting reward token allocation dedicated to governance. The formula is a bit
Can I combine neurons?
Right now (as of July 2021) it is not possible to combine or split neurons. We believe the NNS team is working on this and we should have a functional solution to this problem over the next few months.
What does it mean to spawn a new neuron?
When the maturity in your neuron multiplied by the number of staked ICP is greater than 1 ICP, the “Spawn” button will become active and you can spawn a new neuron. Spawning a neuron means withdrawing the maturity (or ICP rewards) from your staked neuron in the form of a new staked neuron. This new
What is the difference between dissolve delay, unlocking/locking, maturity, and staking?
The dissolve delay is the amount of time you set on the timer until you can get your locked ICP out of your neuron. The dissolve delay value you set has the biggest impact on your voting rewards with longer dissolve delay resulting in higher voting rewards. Unlocking your neuron is like starting the timer.
What is the difference between dissolve delay, unlocking/locking, maturity, and staking? Read More »
How do I add additional ICP to my existing neuron?
You can add additional ICP to an existing neuron by simply sending ICP to the neuron address. If you need additional assistance, you can follow the guide here: https://icp.guide/how-to-add-icp-to-a-staked-neuron/
How do I add additional ICP to my existing neuron? Read More »
Is it possible to stake every month with a different dissolve delay?
Yes, you can stake ICP into neurons as often as you would like, and each neuron can have its own specific dissolve delay.
Is it possible to stake every month with a different dissolve delay? Read More »
What is the smallest amount of ICP that I can stake?
The smallest amount of ICP that you can stake right now is 1 ICP.
What is the smallest amount of ICP that I can stake? Read More »
Where do I stake my ICP?
You can stake your ICP in the official Network Nervous System app : https://nns.ic0.app/. Follow this guide if you need additional assistance: https://icp.guide/how-do-i-stake-my-icp/
Can I log in to the NNS app using just my seed phrase?
No, you cannot login with your seed phrase directly. Your seed phrase is required if you lost access and want to recover your account. However, you can use your seed phrase to recover your account and register a new device. You can then use that device to login to the NNS app.
Can I log in to the NNS app using just my seed phrase? Read More »
I don’t have a Yubikey or Ledger hardware wallet to create an Internet Identity, can I still stake my ICP?
If you don’t have a Yubikey or Ledger hardware wallet to use as a physical authentication method you will need to have a laptop with a fingerprint reader or a phone with fingerprint or face ID in order to authenticate a device with Internet Identity. If you do not have a biometric enabled device (or
How do I login to the NNS app to stake my ICP?
The official Network Nervous System app can be accessed at https://nns.ic0.app/. You will need to use your internet identity to login to the NNS app. If you don’t have an internet identity yet you will need to create one. It is quick and simple to create one. Follow the instructions here: https://icp.guide/how-to-get-started/#2_Get_an_Internet_Identity.
