This staking guide shows how you can stake with AUDIT.one.
However, please note that you can use any other validator of your choice.
Read our article why it is important to spend some time choosing the right validator before you stake.
How to stake UMEE tokens on Keplr¶
Before continuing with this guide please be sure that:
- You have a Keplr wallet
- You have UMEE tokens in your Keplr wallet
- You know what staking is
- You understand the risks involved with staking
Staking UMEE on Keplr is pretty easy when you follow these few steps:
1. Go to the UMEE staking page ¶
Which you can easily access by clicking this link
2. Choose AUDIT.one as your validator¶
You can either do this by scrolling down in the list until you find our logo or you can use the shortcut "Ctrl + F / Command + F" on your keyboard and type in AUDIT.one
Once you've found it, click manage on the right side:
This screen will pop up and give you some more info about the validator.
Click here to get more info about this commission fee.
To proceed, hit Delegate on the right bottom.
3. Choose the amount you wish to delegate¶
Once you've clicked on delegate, you will see this screen:
If you don't know what an unbonding period is, we suggest you to first learn about it in our glossary.
Once you understand what it means and you've decided how many tokens you wish to stake, hit the Delegate button on the right.
You will be asked to approve the transaction with your wallet and choose the transaction fee (low, average or high).
The higher the fee you are willing to pay, the faster the transaction will be completed.
You have now succesfully staked your UMEE tokens!
4. Claim rewards and restake regularly to benefit from compounding effects¶
Make sure to check your Keplr web extention on a regular basis to see the status of your delegation.
You can claim your pending rewards by clicking on the Claim button next to your Pending staking awards.
You will be asked to approve the transaction again with your wallet and choose the transaction fee.
Once the transaction is complete, these rewards will be added to your available UMEE balance.