ICP NNS Staking Tutorial: Neurons, Voting, Rewards & Dissolve Delay
In this ICP NNS staking tutorial, I show you how to stake Internet Computer Protocol in the Network Nervous System, create a new ICP neuron, choose a dissolve delay, understand staking rewards, set up voting, follow a known neuron, and avoid missing rewards.
This tutorial is focused on ICP staking in the NNS, not SNS tokens. I walk through the difference between short-term staking for liquidity and longer dissolve delays for higher rewards, including why the main options I think about are 2 weeks for flexibility or 2 years for maximum rewards under the current setup.
I also explain how maturity, auto-locking rewards, spawning maturity, compounding, age bonus, dissolve delay, and maturity modulation work in the NNS. If you are staking ICP, you need to understand that creating a neuron is final once confirmed, the lock period can only be increased, and maturity rewards can take time to appear.
Most importantly, I show why you need to actually vote on NNS proposals or follow a neuron that votes for you in order to earn staking rewards. I walk through the new NNS interface, how to manage known neurons, how automatic voting works, and why following a neuron can help make sure you do not miss rewards.
If you want help setting up ICP staking, neurons, voting, or NNS rewards, you can book a call with me at JerryBanfield.com and we can walk through it together on Zoom.
This is not financial advice. I own ICP and share my own experience using the NNS.
Timestamps:
00:00 ICP NNS staking tutorial
00:08 This tutorial is for ICP, not SNS tokens
00:28 Staking length, dissolve delay, and age bonus
00:46 Two weeks vs two years
01:10 Earning rewards on unrealized gains
01:31 My existing ICP neuron setup
01:51 Voting neurons and maturity
02:15 When I spawn maturity
02:34 Creating a new ICP neuron
02:55 Lock period can only be increased
03:19 Two-week staking vs two-year staking
03:45 Auto-locking rewards and compounding maturity
04:04 Why auto-lock makes sense on short dissolve delays
04:31 Locked vs unlocking neuron state
04:49 Starting with two years and dissolving immediately
05:10 Creating the neuron is final
05:44 Book a call if you want help
06:25 Why staking can help prevent premature selling
07:30 Topping up a neuron and age bonus
07:58 Increasing dissolve delay
08:18 Dispersing maturity
09:18 Checking maturity modulation
10:19 The most important part: voting
10:43 Manual voting vs following another neuron
11:21 Managing known neurons
12:04 Following Jerry Banfield for voting
13:10 DFINITY, Neuron, and maximizing rewards
13:33 When new neurons start earning maturity
14:12 Checking participation rate
14:32 Feedback on members-only videos
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