To see the FAQs please read this on our blog.
If you’ve graduated from being an ETH maxi and discovered the Cosmos, good for you! The app-chain thesis is the future. It’s a future with many interconnected blockchains.
At the center of all Cosmos app-chains is the original Cosmos Hub. The Hub has gone from simply providing security, to providing interchain capital. That interchain capital is the ATOM token.
Staking the ATOM token provides an attractive yield and access to airdrops. When new app-chains launch, they often airdrop their tokens to ATOM stakers.
Want to be notified when there are Cosmos ecosystem airdrops to claim? Subscribe to receive updates sent straight to your email inbox!
To claim airdrops you must use a Cosmos-native wallet, like Cosmostation, Keplr, or Leap. Sorry Atomic, Exodus and Trust wallet users. You’re excluded unless you import your seed phrase or private key into one of the aforementioned Cosmos-native wallets.
In this step-by-step guide we will show you how to stake ATOM tokens using Cosmostation desktop and Cosmostation mobile wallets.
Let’s Fu%kin Go! (LFG)
Staking Cosmos (ATOM) from a noncustodial wallet
Congratulations on getting your tokens off the exchange and taking self-custody. The exchanges are bad for networks and usually charge ridiculously high commission. Be sure to check out our article: Why You Should Not Stake With Coinbase.
There is extra responsibility with self-custody, but much higher staking yields.
At Blocks United we always recommend using a hardware wallet, like a Ledger Nano. Ledger can be connected to Cosmostation to provide extra security by storing your wallet keys offline.
How to stake ATOM using Cosmostation desktop wallet
We will assume you already have the Cosmostation extension installed in your browser.
Check out the tutorial video on YouTube
1. Click on the Cosmostation extension in your browser toolbar.
2. Navigate to https://wallet.cosmostation.io/cosmos. If using a connected hardware wallet, open the Cosmos app on your physical Ledger device.
3. Click “Connect Wallet.”
4. Click “Cosmostation” or “Ledger” if using a Ledger hardware wallet.
5. Click “Delegate” on the left side.
6. Scroll down the list of active validators to find Blocks United. Then click “Delegate.”
7. Enter the amount you’d like to delegate.
8. Click “Generate & Sign Transaction.”
9. The “memo” field is optional.
10. Click “Confirm.”
That’s it! Your ATOM tokens are now staked with Blocks United and you’re earning ATOM rewards. Click “My Validators” at the top of the page to see your staked ATOM position.
How to stake ATOM using Cosmostation mobile wallet
If you’re on the go and using your phone to stake ATOM using Cosmostation mobile, follow the steps below.
1. Open the Cosmostation mobile app. (see image below)
2. From your Cosmostation main wallet page, click on your Cosmos ATOM token position. (see image below)
3. You will see your available ATOM tokens. Click the purple quasar logo in the bottom right. (see image below)
4. A menu pops up. Click “Stake.” (see image below)
5. Click the “Stake” button. (see image below)
6. Click the dropdown arrow at the top of the app.
(see image below)
Please DO NOT STAKE with the Cosmostation validator. They are the 3rd largest validator and continue to grow quickly because they are a wallet provider. Large validators are terrible for network security and can throw their weight around during governance proposals. Be sure to check read our article: Why You Should Stake With Smaller Validators.
7. Type “Blocks United” into the search box and then click on our logo. (see image below)
8. Tap the “Delegate” box and then enter the number of ATOM tokens you would like to stake. (see image below)
NEVER stake 100% of your tokens. ALWAYS leave the spare change to the right of the decimal to pay for future transactions. You will need a little ATOM for gas to claim your staking rewards.
9. Verify the staking amount is correct and then click “Confirm.” (see image below)
10. Click “Stake.” (see image below)
11. Click “Confirm” again to broadcast your transaction to the blockchain. (see image below)
12. Your ATOM staking page will appear once the transaction goes through. You will see your tokens are staked with Blocks United. Thanks for staking with us!
Click the back arrow to navigate to the ATOM position in your wallet. (see image below)
13. You will see your staked ATOM on the position page. Click the back arrow to navigate to your wallet homepage, or click the purple quasar logo to see your options for ATOM. (see image below)
14. This is where you will go to claim your ATOM staking rewards, or stake more ATOM.
That’s it! Your tokens are staked and you’re earning ATOM rewards. Thanks again for staking with us at Blocks United.
Other articles and Cosmos tutorials you might enjoy
How To Choose The Right Cryptocurrency For Staking
Unleash The Power Of Staking And DeFi With Kava
Why You Should Not Stake With Coinbase Or Any Centralized Provider
Validator Jailed? Here’s What To Do
Import Exodus, Atomic and Trust wallets Into Keplr To Claim Airdrops
Do I Have To Unstake To Change ATOM Validators
How To Automatically Compound Cosmos Staking Rewards
Nothing we say is financial advice or a recommendation to buy or sell anything. Cryptocurrency is a highly speculative asset class. Staking crypto tokens carries additional risks, including but not limited to smart-contract exploitation, poor validator performance or slashing, token price volatility, loss or theft, lockup periods, and illiquidity. Past performance is not indicative of future results. Never invest more than you can afford to lose. Additionally, the information contained in our articles, social media posts, emails, and on our website is not intended as, and shall not be understood or construed as financial advice. We are not attorneys, accountants, or financial advisors, nor are we holding ourselves out to be. The information contained in our articles, social media posts, emails, and on our website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided in our articles, social media posts, emails, and the resources on our website are accurate and provide valuable information. Regardless of anything to the contrary, nothing available in our articles, social media posts, website, or emails should be understood as a recommendation to buy or sell anything and make any investment or financial decisions without consulting with a financial professional to address your particular situation. Blocks United expressly recommends that you seek advice from a professional. Neither Blocks United nor any of its employees or owners shall be held liable or responsible for any errors or omissions in our articles, in our social media posts, in our emails, or on our website, or for any damage or financial losses you may suffer. The decisions you make belong to you and you only, so always Do Your Own Research.
