Never before has privacy mattered just so much as it does today. After decades of mass data harvesting, AI is now being deployed across industries threatening people’s integrity and security through deep-fakes and stealing people’s jobs, images, compositions, voices and identities for automation. But it <a href="https://blog.nymtech.net/five-ways-privacy-tech-can-revolutionise-ai-590db82ec0ab" rel="noopener noreferrer nofollow">does not have to be that way</a>!Privacy technologies are the deciding factor between AI that works for the people or people that slave for AI and the <a href="https://www.fastcompany.com/90892235/researcher-meredith-whittaker-says-ais-biggest-risk-isnt-consciousness-its-the-corporations-that-control-them" rel="noopener noreferrer nofollow">handful of companies that own them</a>.Why? Because privacy technologies prevent the ability to extract data, which puts the power to decide back in the hands of people.Nym is a powerful privacy mixnet that fixes the privacy problem at the core of the internet. Put your NYM tokens to work, join the global revolution to ensure AI for the people and earn rewards!Put your NYM tokens to work — stakingThe Nym mixnet is operated by mix nodes all across the world. These nodes mix internet traffic protecting data, metadata, IP addresses and patterns of communication. The mix nodes are rewarded for this work in NYM tokens.<ul><li>Want to run a mix node? <a href="https://nymtech.net/docs/nodes/setup-guides.html" rel="noopener noreferrer nofollow">Read more</a></li></ul>Nym token holders can stake NYM tokens on a mix node — <a href="https://blog.nymtech.net/staking-in-nym-introducing-mainnet-mixmining-f9bb1cbc7c36" rel="noopener noreferrer nofollow">which helps secure the network</a>! So even if you don’t want to run a mix node you can still contribute by staking NYM.When you stake on a mix node, that increases the mix node’ reputation. This makes it more likely that it will be part of the mixnet, which in turn increases its chances to earn rewards. You, as a staker on that mix node, will earn a share of that node’s rewards.How to stake<h2 id="header-0">1. <a href="https://nymtech.net/download-nym-wallet/" rel="noopener noreferrer nofollow">Download the Nym wallet </a>and get native NYM tokens</h2>The Nym wallet provides the interface for you to delegate your stake. You will need native NYM tokens in order to delegate stake in the Nym mixnet. If you have ERC20 NYM tokens, you can bridge these to native NYM tokens on the Nyx chain— <a href="https://blog.nymtech.net/bridging-staking-and-earning-nym-tokens-8f19f42f171e" rel="noopener noreferrer nofollow">read more</a>.<a href="https://discord.com/invite/nym" rel="noopener noreferrer nofollow">Join our community</a> to find out more about how to get native NYM tokens.<h2 id="header-1">2. Go to the <a href="https://explorer.nymtech.net/network-components/mixnodes/active" rel="noopener noreferrer nofollow">mixnet explorer</a> and chose a mix node</h2><img src="https://miro.medium.com/v2/resize:fit:1400/0*U4cnlJYop3ubrfCa" />In the explorer you can browse Nym mix nodes. You will want to find a mix node that has:<ul><li>Good stake saturation (as that signifies reputation), but not 100% or over — as that means the mix node is fully saturated and will not yield optimal rewards.</li><li>Low’ish profit margin as that is the amount the operator takes for themselves before sharing with their delegators. (You don’t want too low though as you want to ensure the mix node is financially viable).</li><li>Good routing score, as this is the performance of the mix node.</li></ul>You might want to look at other parameters also, like location and so on to ensure the mixnet <a href="https://blog.nymtech.net/introducing-the-nym-delegations-program-c5ecf320ed12" rel="noopener noreferrer nofollow">remains global and decentralised</a> — <a href="https://blog.nymtech.net/want-to-stake-in-nym-here-is-how-to-choose-a-mix-node-to-delegate-nym-to-c3b862add165" rel="noopener noreferrer nofollow">read more</a>.<a href="https://discord.com/invite/nym" rel="noopener noreferrer nofollow">Join our community</a> to get tips on which mix node to delegate to.<h2 id="header-2">3. Use the Nym wallet to delegate stake</h2><img src="https://miro.medium.com/v2/resize:fit:1400/0*_XZgtNseA8siZKv7" />Copy the mix node ID from the explorer. Go to the delegate section of the wallet to delegate by pasting the mix node ID and the amount you want to delegate.NOTE: Remember to leave a few tokens in your wallet as you will need these for fees to undelegate later when you want to redeem your rewards!You will now earn a share of rewards from the mix node’s that you have delegated to. Your rewards will compound automatically, meaning your rewards will be added to the stake on that mix node. You can delegate to several different mix nodes if you like, and even chat with the operators all over the world in our community channels!Welcome to Nym — and the mission of privacy in the age of AI!You are now contributing to one of the world’s most powerful privacy systems. You can withdraw your delegation, delegate to a different mix node and redeem your rewards at any time. (It can take up to one hour as that is the time length of an epoch).Resources<ul><li><a href="https://nymtech.net/download-nym-wallet/" rel="noopener noreferrer nofollow">Download Nym wallet</a></li><li><a href="https://explorer.nymtech.net/" rel="noopener noreferrer nofollow">Mixnet explorer</a></li><li><a href="https://nymtech.net/docs/introduction.html" rel="noopener noreferrer nofollow">Docs</a></li><li><a href="https://github.com/notrustverify/awesome-nym" rel="noopener noreferrer nofollow">Awesome Nym tooling by the community</a></li></ul><h2 id="header-3">Languages</h2><a href="https://medium.com/&#64;nym_china/%E5%A6%82%E4%BD%95%E5%9C%A8-nym%E7%BD%91%E7%BB%9C%E8%B4%A8%E6%8A%BC-5ff7507d5890" rel="noopener noreferrer nofollow">Chinese</a> // <a href="https://medium.com/&#64;nym_ru/%D1%81%D1%82%D0%B5%D0%B9%D0%BA%D0%B8%D0%BD%D0%B3-%D0%B2-%D0%BC%D0%B8%D0%BA%D1%81%D0%BD%D0%B5%D1%82%D0%B5-nym-d38ff3c50226" rel="noopener noreferrer nofollow">Russian</a>Join Nym Community<a href="https://twitter.com/nymproject" rel="noopener noreferrer nofollow">Twitter</a> // <a href="https://discord.com/invite/nym" rel="noopener noreferrer nofollow">Discord</a> // <a href="https://t.me/nymtech" rel="noopener noreferrer nofollow">Telegram</a> // <a href="https://matrix.to/#/#dev:nymtech.chat" rel="noopener noreferrer nofollow">Element</a>

How to stake in the Nym mixnet

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