Introduction
Akash staking allows users to delegate their AKT tokens to validators who secure the Akash 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 AKT tokens on Akash, from connecting your wallet to selecting a validator and viewing your rewards.
Buy AKT Token
To stake AKT on Akash, you’ll first need to purchase AKT tokens. A straightforward way to acquire AKT is through our Binance link and receive a $600 USD welcome offer. Navigate to the “Markets” section, and search for AKT. Once you’ve located the AKT pair, proceed to purchase your desired amount.
After buying AKT, transfer it off the exchange by following these steps:
- Navigate to the “Wallet” section in Binance.
- Select “Withdraw” and choose AKT as the token.
- Enter your wallet address (you can find it within your wallet once connected to Akash).
- Set the withdrawal amount and confirm the transaction.
Now that your AKT tokens are safely transferred, you’re ready to start staking.
Staking AKT from Simply’s Dashboard
Access the Landing Page
First of all, navigate to our landing page at simplystaking.com and hit the “Stake” button below the partnership banner.
Choose The Network & Connect the Wallet
After you choose “Stake”, you will be directed to our multi-chain staking dashboard, where you can choose your desired network (in this case Osmosis) and connect your pre-funded wallet by clicking “Connect Wallet”.
You should be presented with the choice of wallets, following which you should approve the connection between your wallet and the staking interface. The described step is shown below:
Time to stake
After you are connected, you will see an intuitive dashboard covering how much AKT is under your control called “Total”, the amount of AKT you can access under the “Available” section, as well as “Staked” – showing the amount of AKT you have already staked with us. Last but not least, the “Claimable” box is where your rewards are accrued which you can withdraw at any time.
The next step is to hit the “Delegate” button and choose the amount of AKT you want to delegate to us. Just like in the picture below.
Finally, click “Approve” and relax, your AKT is now together with thousands of assets surpassing $1 Billion, which Simply has managed without downtime for over several years!
You can always check back to see how much AKT you have accumulated and claim your rewards at any time!
Staking AKT from KEPLR Wallet
Accessing Keplr
To stake directly from your Keplr wallet, access the Keplr dashboard and navigate to “Stake” section.
In this section, Choose Akash from the assets drop-down list.
Afterwards, choose a validator of your liking. 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.
Approve and Check
As usual, approve your transaction from your wallet to finalise the staking process!
After approval, you can see your the stakeable value of your AKT 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 OSMO 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.
Disclaimer: This article contains affiliate links. If you click on these links and make a purchase, we may receive a small commission at no additional cost to you. These commissions help support our work and allow us to continue providing valuable content. Thank you for your support!
Terms & Conditions apply on all partnership offers.
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.
