Understanding Lynx Staking Wait Times

Published: November 2024 | Last updated: November 2024

Key Points

• 30-block waiting period (approximately 150 minutes)

• Applies to both receiving and spending staked coins

Staking Process Explained

Initial Deposit Wait Time

When you deposit coins into your staking wallet, there's a mandatory 30-block waiting period before:

• Your coins become eligible for staking

• Your wallet can begin participating in the staking process

Reward Maturity Period

After earning coins through staking:

• A 30-block maturity period must pass

• This takes approximately 150 minutes

• Coins are locked during this period

• After maturity, coins become available for sending or further staking

Improved Efficiency

The 30-block waiting period represents a significant improvement over the previous Proof of Work system:

• Previous system: Several months waiting time

• Current system: ~150 minutes

• Results in more efficient coin circulation

• Better user experience overall

Common Question Addressed

Q: "I deposited coins and enabled staking, but nothing is happening. Why?"

This is normal. Here's what to expect:

1. After depositing coins, wait 30 blocks

2. Your wallet will automatically begin staking

3. Verify staking activity in your debug.log file:

   • Look for regular stake-related messages

   • Occasionally, you'll see notifications of blocks won by your node

Monitoring Your Staking Activity

To confirm your wallet is staking properly:

1. Check your debug.log file

2. Look for consistent stake-related outputs

3. Monitor for successful block wins

4. Track your earned rewards

Remember: The 30-block waiting period applies to both new deposits and staking rewards, ensuring network security while maintaining efficient coin circulation.