Leo Dubrovsky

1 post
Cosmos Cosmos ATOM Staking Guide [Keplr + Ledger]

<p>This tutorial helps you manage and stake <a href="https://coinmarketcap.com/currencies/cosmos/">ATOM</a> tokens on the <a href="https://p2p.org/cosmos">Cosmos</a> blockchain, using both the <a href="https://keplr.app/">Keplr</a> Browser Extension and Web Wallet, as well as the <a href="https://www.ledger.com/">Ledger wallet</a>.</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h3 id="this-guide-will-help-you">This guide will help you</h3><ol><li>Set up your Keplr Wallet.</li><li>Stake ATOMs on the Cosmos blockchain to earn ATOM staking rewards.</li><li>Manage your Cosmos ATOM stake and grow your portfolio.<br></li></ol><h3 id="before-you-start-">Before you start:</h3><ul><li>Download and install the newest version of <a href="https://www.ledger.com/ledger-live/download">Ledger Live</a> on your desktop machine.</li><li>Update your <a href="https://support.ledger.com/hc/en-us/articles/360002731113-Update-Ledger-Nano-S-firmware">Ledger</a> device to the newest firmware.</li><li>Install the latest version of the Cosmos App on your Ledger device.<br></li></ul><p>See below for a step-by-step guide.</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h3 id="i-setting-up-your-keplr-wallet">I. Setting up your Keplr Wallet<br></h3><ol><li>Open the Keplr Browser Extension (available for <a href="https://chrome.google.com/webstore/detail/keplr/dmkamcknogkgcdfhhbddcghachkejeap">Chrome and Brave</a>) and press ‘Import Ledger’.</li></ol><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/image-1.png" class="kg-image" alt></figure><p></p><p>2. Give the account a name, then click ‘Next’.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/image-2.png" class="kg-image" alt></figure><p>3. Plug in and unlock your Ledger device. Open the Cosmos app and click ‘Next’.</p><p>4. Your Keplr account is successfully connected to your Ledger device.<br></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/image-3.png" class="kg-image" alt></figure><p>Now let's start staking!</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h3 id="ii-staking-atom-on-the-cosmos-blockchain">II. Staking ATOM on the Cosmos blockchain<br></h3><ol><li>Open the Keplr Browser Extension and choose your Ledger account (via the ‘human icon’).</li><li>Copy your address by clicking ‘Deposit’ first, then fund your account with ATOM.</li><li>Once you have a balance, you can proceed with the ‘<a href="https://wallet.keplr.app/#/cosmoshub-4/stake">Stake</a>’ option.</li></ol><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/image-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2021/02/image-4.png 600w, https://economy.p2p.org/content/images/2021/02/image-4.png 904w" sizes="(min-width: 720px) 720px"></figure><p>4. Choose your validator (<strong>P2P.ORG - P2P Validator</strong>) then click ‘Manage’ and ‘Delegate’ in the next picture.</p><p>5. Choose the amount of ATOMs you want to stake and click ‘Delegate’.</p><figure class="kg-card kg-gallery-card kg-width-wide"><div class="kg-gallery-container"><div class="kg-gallery-row"><div class="kg-gallery-image"><img src="https://economy.p2p.org/content/images/2021/02/image-5-1.png" width="392" height="357" alt></div><div class="kg-gallery-image"><img src="https://economy.p2p.org/content/images/2021/02/image-6.png" width="392" height="357" alt></div></div></div></figure><p>6. Set your preferred fee (there are three options available) by hitting ‘Set Fee’.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/image-7.png" class="kg-image" alt></figure><p>7. In the following window, double-check the amount you are going to delegate as well as the P2P Validators’ address (you can see the first and last few digits only).</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2021/02/image-8.png" class="kg-image" alt></figure><p>8. Check the information on your Ledger device and click ‘Approve’ on it.</p><p>9. Use the Dashboard within the <a href="https://wallet.keplr.app/#/cosmoshub-4/stake">Keplr Web Wallet</a> or <a href="https://www.mintscan.io/cosmos">Mintscan</a>, one of the popular block-explorers, to see whether your delegation was successful.</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><blockquote><em>P2P Validator’s Cosmos address:</em><br><em><strong>cosmosvaloper132juzk0gdmwuxvx4phug7m3ymyatxlh9734g4w</strong></em><br></blockquote><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><p>Now let’s try to manage your staking assets.</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h2 id="iii-managing-your-cosmos-stake">III. Managing your Cosmos stake</h2><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h3 id="claim-your-atom-staking-rewards">Claim your ATOM staking rewards</h3><ol><li>Open the Keplr Browser Extension and click ‘Claim’.</li><li>Choose your comfortable fee by hitting ‘Set Fee’ in the appropriate pop-up screen.</li><li>Plug in your Ledger device, unlock, and open the Cosmos app on it, then click ‘Next’ in the Browser Extension pop-up.</li><li>Review the transaction on your Ledger device and confirm it by hitting the two buttons on your hard wallet.</li></ol><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h3 id="compound-your-atom-staking-rewards-to-increase-your-return">Compound your ATOM staking rewards to increase your return</h3><ol><li>Open the Keplr Web Wallet and, find your validator (P2P Validator) in the Staking Menu, click ‘Manage’ and then ‘Delegate’.</li><li>Choose the fees in the subsequent pop-up, hit ‘Set Fee’.</li><li>Plug in your Ledger device, unlock, and open the Cosmos app on it, then click ‘Next’ in the Browser Extension pop-up.</li><li>Review and sign transaction by hitting ‘Approve’ on your Ledger device.</li></ol><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h3 id="cosmos-atom-staking-faq-"><br>Cosmos (ATOM) Staking FAQ:</h3><ul><li>The current ATOM staking APY is approximately 10.60% per year. </li><li>You need to have some funds remaining on your account while staking to ensure you can cover transaction fees.</li><li>Claiming rewards is a manually process which involves transaction fees.</li><li>Cosmos staking rewards are paid out in real-time, with rewards accruing approximately every 7 seconds.</li><li>The Cosmos network has a 21 day unstaking period throughout which your tokens will not be transferable.</li></ul><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><p>That’s it. Now you know how to delegate and compound your Cosmos staking rewards using both the Keplr Browser Extension and the Keplr Web Wallet together with your Ledger device.</p><p>If any questions arise, whether on <a href="https://p2p.org/cosmos">Cosmos staking</a> or not, feel free to contact us via <a href="https://twitter.com/p2pvalidator">Twitter</a>, <a href="https://t.me/P2Pstaking">Telegram</a>, <a href="https://www.linkedin.com/company/p2p-org/">LinkedIn</a>, or <a href="https://p2p.org/#contact-us">email</a>.</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><p><strong>About P2P Validator</strong><br>P2P Validator is a world-leading non-custodial staking provider securing more than one billion USD value from over 5000 delegators across 15+ top-notch networks. We are early investors in Solana and have supported the network from the first block taking part in all stages of testing and voting.</p>

Leo Dubrovsky

from p2p validator