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How do I stake OSMO?
Stake your OSMO with Atomic Wallet to earn interest on your crypto! In this guide, we'll walk you through everything you need to know about staking your OSMO and earning rewards.
Contents
- OSMO 101: the things you need to know
- How to stake OSMO in your Atomic Wallet app
- OSMO staking rewards
- How to unstake your OSMO
Getting started with staking
Staking looks pretty simple—instead of just letting your OSMO sit idly by, you're choosing to stake it and earn interest.
By delegating your OSMO to a validator of your choice, you're expressing your trust in them, which makes them more influential in the Cosmos ecosystem. As validators get paid for confirming blockchain transactions, they in turn pay back to those who supported them. That's how you earn your rewards!
By staking your OSMO in Atomic Wallet, you're choosing us as your validator.
OSMO 101: the things you need to know before staking your coins
- You’ll have to pay a network fee every time you want to stake, claim some rewards, or unstake your OSMO. For more details about the network fees, see Does Atomic Wallet charge any additional transaction fees?
- A small amount of OSMO (three times the amount of the network fee) will be reserved on your address for future fees for claiming/unstaking transactions when you stake. That means that these funds are still on your address and are available to send away or swap, but are not available for staking. It is done in order to avoid a situation in which you accidentally stake all of your funds and are unable to unstake your coins or claim your rewards.
- Your OSMO deposit will be frozen throughout the staking period. Your OSMO will be delegated to a staking pool, which means that these coins won’t be counted toward your total balance. Also, you won’t be able to transfer or swap them.
- Unstaking takes 14 full days. Once you click or tap the Unstake button, your deposit will be frozen for 14 more days. After the unstaking period is over, your coins will be deposited to your address. Your OSMO won’t be earning any interest over the waiting period.
- Staking rewards. You'll receive your staking rewards every epoch, each lasting for a day. Rewards need to be claimed manually.
- The minimum reward claim amount is 0.01 OSMO. That means that you won't be able to claim your rewards until at least 0.01 OSMO of rewards have been generated.
How to stake OSMO in your Atomic Wallet app
- Click Staking on the left sidebar and select OSMO;
- Click Stake;
- Decide on the amount to stake.
Tip: We strongly recommend not to stake all your OSMO, as you won't be able to unstake your deposit later on otherwise.
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Enter your password and click Confirm;
- Success! Your OSMO deposit is now staked, so relax and wait for your first rewards to arrive. You can click the hash of your staking transaction to track it on the block explorer.
- Select the Staking tab in the bottom panel and tap OSMO;
- Tap Stake;
- Decide on the amount to stake.
Tip: We strongly recommend not to stake all your OSMO, as you won't be able to unstake your deposit later on otherwise.
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Enter your password and tap Confirm;
- Success! Your OSMO deposit is now staked, so relax and wait for your first rewards to arrive. You can click the hash of your staking transaction to track it on the block explorer.
Rewards
Note: the minimum reward claim amount is 0.01 OSMO.
You'll need to claim your OSMO staking rewards manually. Since claiming is a regular transaction on the blockchain, the Cosmos blockchain will charge you a network fee for it every time. The fee will be taken from your available balance, not the staking deposit. You will receive rewards daily.
Click the Claim button to claim your rewards. The button will get highlighted once there are any rewards available.
How to unstake your OSMO
Select the Unstake button in the OSMO staking interface to initiate unstaking. Keep in mind, that unstaking takes 14 days on the COSMOS blockchain.
