In a nutshell:
Staking is a process that serves to secure a blockchain network. If you own a staking token, you can stake it via Emeris.
When you stake your tokens, you’re locking your balance and choosing a validator (or validators). In simple words, a validator helps maintaining the operations of a blockchain network.
When you stake, you earn rewards that can be claimed at any time.
The amount of rewards depends on the token you choose to stake and the validator you choose to stake with.
Your tokens never “leave” your wallet, you’re in full control of them at all times.
There is an unlocking time to be considered when you want to unstake your tokens, this time depends on the token you stake.
There are risks to be considered when staking, one of them being if one of the validators you’ve chosen misbehaves (e.g. goes offline for too long). If so, there is a penalty where some of your tokens are “burned”. This penalty varies from network to network.
In order to start staking, you simply need to hold the token you want to stake with.
In this guide you’ll learn how to:
Feel like you need a staking 101 course before continuing?
Check our 101 Staking FAQ article to get familiar with all these new terms.
1: Stake your tokens
You can choose to click on Stake Assets from the main view of the portfolio or
You can choose to click on the token you want to stake.
As a starting point, you need to decide which tokens you want to stake. Once you’ve decided which token, proceed to follow the below steps: for this example we use CRO, replace CRO by the token of your choice.
Navigate to the Portfolio page
Click on Stake Assets
Select the token you want to stake with
Click on the token you want to stake
Scroll down and select Stake CRO on the bottom left of the screen
You see the list of available validators you can choose from
Browse through them, when clicking on the validator row you can see more details about it.
Select Stake from the chosen validator
a. Choose the amount of CRO you want to stake
b. Click on add validator if you want to stake with more than one validator
c. Review the conditions
Tip: check how long it will take you to unstake.
Click on Continue
If your tokens are on a different blockchain from the Cosmo Hub, the system will guide you to first transfer your tokens to Cosmo Hub.
If that’s the case, please follow the process by reviewing the actions and pressing Continue
Review your stake and click on Confirm and continue
A Keplr window will pop up requesting your signature, proceed to sign
You now see the summary of your transaction
Congratulations! You have staked via Emeris
2: Visualize your staked tokens
You may now view all your staked assets via the Portfolio page by clicking on the Staking button.
Alternatively, when browsing throughout your dashboard and tokens, you may also see your staked tokens.
On the asset page, you can see:
Your balance distributed in:
Total balance
Available balance
Staked balance
Unstaked balance
On which chains you hold your tokens
Staking:
Your pending rewards
Which validators you’re staking with
The amount you’re staking
By clicking on the three dots in line with the token you can proceed to:
Stake
Unstake
Switch validators
Validators statuses
If ever a validator from the list is offline or jailed, you’ll see a label added next to the name of the validator. (Label coming soon)
If a validator is jailed:
A label is added next to the name
Stake option is grayed out
While the validator is jailed, staking with it is temporarily unavailable.
If a validator is offline:
A label is added next to the name
While the validator is offline, you can choose to stake with it, however, it is at your own risk.
To understand further about the result of these statuses, kindly review our 101 staking article, sections: “What is slashing?” & “Benefits and risks of staking”
3: Switch validators
When you choose a validator, you don’t have to stick with it forever. At any point, you can decide to switch validators and restake any amount (all or part of your current stake).
If you find a new validator you want to stake with:
Go to the Portfolio page and click on Staking
Select the staked asset you wish to change validators
On the asset page, tap on the three dots from the validator you want to switch your stake from
Select Switch validator
You now see the list of validators available, choose one and select Stake
Enter the amount to restake and click on Continue
You can restake all your current stake or part of it, but you can’t restake more than you have already staked.
Review the transaction details and click on Confirm and Continue
You see now the summary of the transaction
Congratulations! You have now switched validators
4: Claim your rewards
From your dashboard, you can see how many rewards you have available to claim.
In order to claim your rewards:
Go to the Portfolio page and click on Staking
Select the token and click Claim
Review the details and click on Confirm and continue
You now see the summary of the transaction
Alternatively, you may also
Go to the asset page and click on Claim rewards
Review the details and click on Confirm and continue
You now see the summary of the transaction
The rewards are added to the available balance of the token you are staking.
5: Unstake your tokens
You can choose to unstake your tokens at any time. After you start this process, you will have to wait for a given period, called unstaking period, before your tokens become available.
During the unstaking period, you will not receive any staking rewards.
The unstaking time varies on each ecosystem, this information is displayed when you stake your tokens.
You can unstake all the balance or part of it. In order to unstake:
Go to the asset page and tap on the three dots from the validator you want to unstake from
Select Unstake
Enter the amount you want to unstake and click on Continue
Review your unstaking details and click on Confirm and continue
You see now the summary of your transaction
From your dashboard, you can see the count down until your balance is available again.
Congratulations! You have unstaked your tokens.