Staking User Guide
Last updated
Last updated
The Staking User Guide is broken down in step by step 'tabs' below:
Before you can start staking $OM, you need to ensure your MANTRA wallet is connected to the staking interface.
Make sure you have a MANTRA Chain wallet. Using your wallet you can stake your $OM coins and receive rewards.
Once ready, connect your MANTRA wallet to the staking interface by clicking on the wallet connection button. Select your wallet from the available options, including Leap and Keplr.
Now that your wallet is connected, follow these steps to stake your $OM coins.
You can view a list of active validators along with their details such as commission rates, APR, and staking volume. Choose a validator you want to stake with.
Alternatively, if you have already staked with a validator, hover over it in your staking positions and click "Stake More".
Enter the amount of $OM you wish to stake. Review your balance, staking position, and the validator's details to help you decide how much to stake.
Make sure to accept the terms of service and privacy policy before proceeding.
Confirm the staking transaction in your wallet.
A confirmation message will appear, providing transaction details, including a transaction hash. You can use the hash to view your transaction in the explorer.
Your new staking position will be visible in your staking dashboard, reflecting the latest update.
You can easily redeem your $OM rewards in the Staking dashboard.
To redeem all rewards, click the "Redeem" button in the Staking dashboard under the rewards section (this will be enabled if you have redeemable rewards).
To redeem from a specific validator, hover over your staking position with that validator and select "Redeem Rewards".
You'll see a summary of the redeem details, including which validators the rewards are from. You also have the option to re-stake your redeemed rewards for further gains. If you decide to re-stake, simply click the re-stake button and follow the staking process.
Confirm the redeem transaction in your wallet.
A confirmation message with transaction details, including the transaction hash, will be displayed.
Easily transfer your staked $OM from one validator to another.
Hover over your staking positions to choose the validator you want to redelegate from.
Pick a new validator from the list, using details like commission, APR, and staking volume to guide your decision.
Enter the amount to redelegate, and review your current staking position and the validator's details.
Confirm the redelegation transaction in your wallet.
The confirmation message will show your transaction details, including the transaction hash for viewing in the explorer.
Your new staking position with the new validator will be updated in your staking dashboard.
If you want to unstake your $OM coins, follow these steps.
Hover over your staking positions to choose the validator from which you want to unstake.
Decide how much $OM you want to unstake. Review your current staking position, balance, and validator details. Remember, unstaking is subject to an unbonding period, which is the time that is take for your funds to become available in your wallet.
Confirm the unstake transaction in your wallet.
You’ll see a confirmation message with details about the transaction, including the transaction hash.
Your unbonding position will now be visible in your dashboard, including the estimated completion date.
If you wish, you can cancel the unbonding position and re-stake your funds to the same validator by hovering over your unbonding position and selecting "Cancel Unbonding".
