phala staking

What Is the Phala Staking Contract?

The Phala Staking Contract lives on Ethereum Mainnet and allows users to convert PHA to vPHA.
In simple terms:

You deposit PHA into the staking contract
The contract mints and sends you vPHA (an ERC-20 token)
vPHA is used for:
- Community governance (Snapshot voting)
- Staking & collateral on Phala L2
- GPU mining (required collateral + reward token)

In short:
PHA = liquid token,
vPHA = governance & staking token for the Phala ecosystem.

Always double-check that you are interacting with the correct contracts:

⚠️ Only use the addresses above.
Do not stake or transfer tokens to any unknown or unverified contract.

The process works with any EVM wallet such as MetaMask, Rabby, Safe, etc.
official Phala staking page: https://app.phala.network/staking .

Switch wallet to Ethereum Mainnet
Make sure your wallet has:
- PHA (ERC20) — the tokens you want to stake
- ETH — to pay Ethereum gas fees

After the transaction is confirmed:

Your PHA is deposited into the staking contract
You receive vPHA equal in value to the PHA you staked, based on the real-time vPHA-PHA exchange rate
As the staking contract accumulates rewards, the exchange rate increases over time, meaning vPHA represents a growing amount of PHA when you unstake.

To display vPHA, manually add the ERC-20 contract address in your wallet.

Unstaking vPHA → PHA takes 21 days, and you need to claim the unlocked PHA manually when the unlocked period finished.
Always verify:
- Contract addresses
- Transaction prompts
- You are on Ethereum Mainnet

With these steps, you’re successfully participating in Phala’s staking ecosystem.