Stakin Guide: How To Delegate Your $STARS Stargaze via the Stargaze Platform and Keplr Wallet
Recently, Stargaze announced that staking $STARS is now possible. And thus, there’s no better time to create a quick guide on how-to utilize the staking platform than now.
Stargaze is a community-owned Interchain NFT marketplace built on the Cosmos SDK. Stargaze is a layer-one, Web3 protocol for NFTs (non-fungible tokens) and decentralized social for the Cosmos Ecosystem and eventually beyond.
The Stargaze Protocol reimagines the social network, from a strictly crypto-native perspective. Social token ownership and content, as well as profile avatars, are all NFTs within the social network. DAOs (Decentralized Autonomous Organizations) are in charge of curation and moderation inside the ecosystem.
Stargaze is designed as a Proof-of-Stake Cosmos zone from the beginning, providing it the greatest flexibility in terms of protocol design, compatibility, and scalability. The governance-driven development method of Cosmos chains allows for the rapid creation and iteration that a consumer social protocol requires. Furthermore, it can interface with any other blockchain, including Terra, Cosmos, and, in the future, Ethereum and Ethereum L2 networks, due to IBC and maybe Gravity Bridge.
Staking Your $STARS
To get started with staking your $STARS, go to the staking dashboard: https://stake.stargaze.zone/
Please note: in order to stake on the Stargaze platform, you need to have a Keplr Wallet and your $STARS need to be deposited in it. If you haven’t yet, follow step 1. If you already have your Keplr wallet, please continue to step 3.
Step 1 - Install the wallet extension
If you haven’t downloaded the wallet yet, go to https://wallet.keplr.app/; a pop-up will appear as soon as you enter the website. Click on the pop-up; it will lead you to the Chrome extension store. Select: “add to Chrome”.
Once you’ve added the extension, click on it on your screen’s top-right menu to open the Keplr web page.
Step 2 - Create Your Wallet
On the Keplr web page, select “Create New Account” to start setting up your account. There is also an option to Sign in with Google, powered by Torus. In case you already have a Keplr wallet, select “Import Existing Account”.
If you’ve selected “Create New Account”, Keplr will ask if you’d like to have a Mnemonic Seed of 12 or 24 words. Remember to store your seed phrase securely offline and never share it with anyone. If you lose your seed phrase, you will lose the assets within the wallet.
Once you’ve copied your seed phrase, fill out your account name, desired password and confirm by selecting “Next”.
You will then be asked to fill out your seed phrase in the right order to register. Click on the words to create the sentence, then select “Register”. That’s it! You’ve now created your Keplr wallet. Copy the address and send your $STARS assets. You’re now ready to get started!
Step 3 - Get Started With Staking
Navigate to: https://stake.stargaze.zone/ and on the top menu, select the most right button: “Connect”.
A pop-up will request access to your Keplr Wallet, select “Approve” to continue. Your wallet address should now show up on the top menu next to a button that lets you disconnect.
Next, on the dashboard select “Stake” in the top menu. The staking dashboard will open with all the validators on it. Scroll down to find the validator of your choice, and on the right side select “delegate”.
An in-screen pop-up will now show you the validator of your choice and the amount that you’d like to stake with them. Now, select “Delegate”.
Kepler wallet will now ask you to confirm the delegation by checking the transaction data, and fee. It’s also possible to add a memo if you’d like. Next, select “Approve” to continue staking.
If successful you should see the “Delegated Successfully” pop-up (as on the image below).
Select “Done” and that’s it! You’ve now successfully delegated your $STARS and can wait for the rewards to come your way. 😉😉
If you’d like to double-check, on the dashboard select “staked validators”.
You should see the amount staked, the commission charged the voting power and you’ll also be able to redelegate or undelegate from the staked validators dashboard.
The Stakin address is: starsvaloper1swer6tl0s59g82xnq5gmgsdueld79wpw8vptlu
- You can check any transactions via: https://explore.stargaze.zone/validators
DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.