Introduction
Agoric staking allows users to delegate their BLD tokens to validators who secure the Agoric blockchain, earning rewards in return. By staking, participants contribute to the network’s security and decentralisation while receiving staking yields. This guide will walk you through the step-by-step process of staking your BLD tokens on Agoric, from connecting your wallet to selecting a validator and viewing your rewards.
If you wish to refresh your knowledge of how Agoric works, check out our blog, where you will find an introductory article
Staking Via KEPLR Wallet
Accessing Keplr
To stake directly from your Keplr wallet, access the Keplr dashboard and navigate to the “Stake” section.
In this section, Choose Agoric from the assets drop-down list.
Afterwards, choose a validator, hopefully, it will be us – “Simply Staking”
Choosing Amount & Staking
Once you choose the validator, the staking module will pop up on your right-hand side. Click “Stake” to choose the amount you want to delegate.
Once you click “Stake” choose the number of BLD you want to stake under the “Amount to Stake” box and hit “Stake” again!
Approve and Check
As usual, approve your transaction from your wallet to finalise the staking process.
After approval, you can see the stakeable value of your BLD as well as the amount you have staked under the “Total Available Value” & “Total Staking Value” respectively.
Moving Funds to a Ledger Wallet
If you ever wish to unstake your BLD and store it securely, you can easily transfer your assets to a Ledger wallet. Simply follow the unstaking process and move your tokens to Ledger for safe offline storage!
(Terms & Conditions Apply)
About Simply Staking
We are a Blockchain Services Provider who operates Validators and Nodes on over 30 Networks with over $1 Billion in Assets Staked. Our journey started in 2018, with Simply entering the Cosmos Hub Testnets, and now have expanded our operations to most major ecosystems including networks such as LIDO, Polygon, EigenLayer, Oasis Network, Cosmos Hub, Polkadot, and many more, all while being an Oracle Operator on Chainlink.
We offer additional services such as Nodes-As-A-Service (RPCs), Blockchain Development work, Tooling, Governance Services as well as Blockchain Consultancy Services.
More Information on our offerings can be found on our website.
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This article is provided for informational purposes only and is not intended as investment advice. Investing in cryptocurrencies carries significant risks and is highly speculative. The opinions and analyses presented do not reflect the official stance of any company or entity. We strongly advise consulting with a qualified financial professional before making any investment decisions. The author and publisher assume no liability for any actions taken based on the content of this article. Always conduct your own due diligence before investing.
