Hi all, During the last year, the cost of operation has long surpassed the rewards we were receiving from the networks we were validating on. As a result, we have made the difficult decision to cease operations on all networks. Thank for all your support and trust in us. We have enjoyed being part of these communities and wish you all the best in the future.
As you already know, staking allows you to get rewards by depositing your tokens on a validator. Merak has restake support enabled, so it’s your turn to take profit of it! First you need to delegate tokens to the validator in the traditional way, either via restake.app or via your preferred wallet. If you’re using restake you’ll see a dialog similar to this: Once it’s done, if you visit the list of delegations, it will show that Auto-compounding requires to fix permissions: ...