Users can stake their $HID tokens with Validators to earn incentives. Having stake in the network enables them to participate and vote on governance proposals. It is highly recommended to research about the background of a Validator before staking. If a validator happens to get slashed, delegated tokens are subject to slashing as well
Run the following command to stake $HID tokens on a validator
hid-noded tx staking delegate <Validator's Operator Address> <Amount to Stake in 'uhid'> --from <your wallet address> --chain-id <Chain ID of the network>
Note: Validator's Operator Address will have the prefix hidvaloper
To withdraw staked rewards earned through staking on a validator
hid-noded tx distribution withdraw-rewards <Validator's Operator Address> --from <your wallet address> --chain-id <Chain ID of the network>
Note: Partial reward withdrawal is not supported
You can transfer partial/complete stake from one validator to another. To do this, run the following
hid-noded tx staking redelegate <Source Validator's Operator Address> <Destination Validator's Operator Address> <Amount of stake to be redelegated in 'uhid'> --from <your wallet address> --chain-id <Chain ID of the network>
If you want to remove partial/complete stake from a validator, run the following:
hid-noded tx staking unbond <Validator's Operator Address> <Amount of tokens to unbond in 'uhid'> --from <your wallet address> --chain-id <Chain ID of the network>
Note: Unlike Stake Redelegation, it takes 7 days for tokens to move back in the wallet.