Setup & First Steps

The Moonlet self-custodial dashboard is designed to provide a streamlined staking and withdrawal experience across multiple blockchain networks. To get started, follow the steps below to ensure a secure and efficient setup:

Prepare Your Wallet

Cold Wallets (Ledger)

Before accessing the Moonlet dashboard, ensure that your Ledger hardware wallet is properly configured and ready to connect.

• Confirm that your Ledger device is fully updated with the latest firmware.

• Install the necessary network-specific apps (e.g., Solana, Zilliqa) via the Ledger Live application.

• Ensure that your Ledger device is unlocked and connected via USB.

Hot Wallets (MetaMask, Phantom)

If you prefer to connect using a hot wallet, such as MetaMask or Phantom, follow these steps:

• Ensure that your wallet extension is installed and logged in.

• Select the relevant account you want to use before connecting. Go to your browser extension and choose the account designated for staking or interacting with the Moonlet dashboard.

• Confirm that your wallet is connected to the correct network (e.g., Solana, Ethereum).

• Once the appropriate account is selected, proceed to the Moonlet dashboard.

Access the Moonlet Dashboard

1. Compatible Web Browsers:

   • For the best experience, we recommend using Google Chrome, as it provides the most stable connection and optimal performance.

   • All browsers built on the Chromium framework (such as Brave, Microsoft Edge, and Opera) are also supported and work well with the Moonlet dashboard.

   • Safari, Firefox, and other non-Chromium browsers may function, but they are not officially recommended and may experience compatibility issues.

2. Open your preferred browser and navigate to the Moonlet dashboard at stake.moonlet.io.

3. Select Connect Wallet and choose your preferred wallet provider:

   • Ledger for hardware wallets

   • MetaMask or Phantom for hot wallets

4. Follow the on-screen prompts to establish a secure connection. Ensure you have selected the correct account in your wallet extension before proceeding.

Pick a Network to Interact With

Moonlet currently supports a variety of networks for staking and withdrawal operations. Networks currently available and upcoming include:

Network	Status
Solana	Live
Zilliqa	Live
Sui	Live
Cosmos	Upcoming
Near	Upcoming
Ethereum	Live
Monad	Upcoming

Select the network you wish to interact with from the dashboard interface. Keep in mind that each network has its own specific flow and interaction methods.

Follow On-Screen Guidance

Once your wallet is connected and a network is selected, you will receive specific on-screen instructions based on the chosen blockchain:

• Staking Operations:

  • Enter the amount you wish to delegate.

  • Confirm the transaction on your Ledger, MetaMask, or Phantom wallet.

  • Wait for network confirmation and track staking status in the dashboard.

• Withdrawal Operations:

  • Select the staking position you want to withdraw from.

  • Confirm the withdrawal transaction in your wallet.

  • Follow any additional on-chain prompts specific to the network.

Network-Specific Variations

While the Moonlet dashboard is designed to offer a consistent user experience, some blockchain networks may have distinct operational flows and transaction processes. Here are specific considerations for each network:

• Solana: Unlike other networks, Solana requires users to manage staking accounts individually. Each staking account is associated with a specific delegation and must be handled one by one. This means that when staking, withdrawing, or re-delegating tokens, each staking account must be managed separately, rather than as a consolidated balance.

• Zilliqa: Staking rewards on Zilliqa require a manual claiming process before they become accessible. To maximize returns and achieve a compounding effect, users must manually claim rewards and then restake the funds through the dashboard.

Ensure you follow the specific instructions provided in the dashboard for each network to ensure smooth operations.

If you encounter any issues during the setup or transaction process, use the Ask AI feature to receive immediate guidance. The AI is designed to provide quick solutions and relevant documentation. If the AI is unable to resolve your issue, you will be prompted to open a support ticket, and a Moonlet team member will respond promptly to assist you.

Validator Fees

Moonlet’s validator commission structure varies depending on the blockchain network. This commission is essential to cover the costs associated with maintaining reliable validator services and running our node infrastructure efficiently.

How Validator Fees Work

When you stake with Moonlet, you earn staking rewards based on the network’s annual percentage yield (APY). The APY displayed in the self-staking dashboard represents the estimated annual return you can expect to earn on your staked cryptocurrency.

However, Moonlet retains a validator commission, which is a percentage of the rewards generated by your staked assets. This fee helps us maintain our infrastructure, ensure network security, and provide top-tier validator services.

Current Validator Fees by Network

Network	Validator Fee	Network APY
Solana	7%	{Solana APY to be added}
Zilliqa	66.29%	{Zilliqa APY to be added}

Example Calculations for Validator Fees

Below are detailed examples to illustrate how the validator fees are calculated for Solana and Zilliqa:

Example 1: Solana

• Staked Amount: 1,000 SOL

• Network APY: 7% (Estimated)

• Annual Rewards: 1,000 SOL x 7% = 70 SOL

• Validator Fee (5%): 70 SOL x 5% = 3.5 SOL

• Net Rewards Received: 70 SOL - 3.5 SOL = 66.5 SOL

In this example, if you staked 1,000 SOL, you would earn 70 SOL in rewards over a year based on the estimated APY. Moonlet’s validator fee would be 3.5 SOL, and you would receive 66.5 SOL as your net reward.

Example 2: Zilliqa

• Staked Amount: 10,000 ZIL

• Network APY: 66.29% (Estimated)

• Annual Rewards: 10,000 ZIL x 12% = 1,200 ZIL

• Validator Fee (8%): 1,200 ZIL x 8% = 96 ZIL

• Net Rewards Received: 1,200 ZIL - 96 ZIL = 1,104 ZIL

In this example, if you staked 10,000 ZIL, you would earn 1,200 ZIL in rewards over a year based on the estimated APY. Moonlet’s validator fee would be 96 ZIL, and you would receive 1,104 ZIL as your net reward.

When Are Fees Deducted?

• The validator fee is automatically deducted from your staking rewards before they are distributed to your wallet.

• You can track the fees and net rewards directly in the Rewards Dashboard, where each transaction is transparently displayed.

Why Do We Charge a Validator Fee?

• Infrastructure Maintenance: Ensures uptime, security, and optimal node performance.

• Network Costs: Covers operational costs, validator node hosting, and security audits.

• Service Reliability: Allows us to continue providing robust validator services, including network monitoring and real-time analytics.