How To Stake Saga
Saga staking allows users to delegate their SAGA tokens to validators who secure the Saga 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 SAGA tokens on Saga, from connecting your wallet to selecting a validator and viewing your rewards.
If you wish to refresh your knowledge of how Saga works, check out our blog, where you will find an introductory article about it.
Buy SAGA Token
To stake SAGA on Saga, you’ll first need to purchase SAGA tokens. A straightforward way to acquire SAGA is through our Binance link and receive a $600 USD welcome offer towards trading fees (terms & conditions apply). Navigate to the “Markets” section, and search for SAGA. Once you’ve located the SAGA pair, proceed to purchase your desired amount.
(Terms & Conditions Apply)
After buying SAGA, transfer it off the exchange by following these steps:
- Navigate to the “Wallet” section in Binance.
- Select “Withdraw” and choose SAGA as the token.
- Enter your Saga wallet address (you can find it within your wallet once connected to the Saga portal).
- Set the withdrawal amount and confirm the transaction.
Now that your SAGA tokens are safely transferred, you’re ready to start staking.
Staking SAGA 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 Saga 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 SAGA 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 SAGA 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 SAGA 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.
