This is a step-by-step guide on how to stake your BLD tokens using Keplr wallet.
What is Agoric?
Agoric is a smart contract platform built on the Cosmos SDK and with Ignite Proof-of-Stake (PoS) mechanism and a native asset to secure the network. The native token in the network is BLD.
How to get BLD?
Agoric is currently traded on Huobi (CEX), Osmosis (DEX) and Crescent (DEX). Actual trading platforms can be found here: https://www.coingecko.com/en/coins/agoric.
How to setup your Keplr wallet and start staking?
1. Install Keplr browser extension — links are available here: https://www.keplr.app/download
2. Select “Create new account”.
You will see a secret phrase (you can choose between 12 and 24 words). For security reasons, please make sure to save this phrase in a safe place and never lose it since it is the only possibility to recover your account.
Then set up your account name and password and click “Next”.
3. Go to https://wallet.keplr.app/chains/agoric — a convenient staking panel from Keplr. On top right corner you can find your Agoric address — top it up from one of exchanges mentioned in the beginning of this guide.
4. You should now select validator for staking. There are several important factors you need to know before making decision:
a. Voting Power. A validator’s voting power represents the sum of tokens that are self-bonded and delegated to the validator. When a community member fails to vote on a governance proposal, the validator they have delegated their stake to will inherit their vote.
In order to support the decentralization and security of the network, it’s important that voting power is evenly distributed between validators. Community members are encouraged to delegate to validators who hold less voting power — often found outside the top 10–25.
b. Commission. A validator’s commission is the percent of staking rewards that a validator will keep for the services provided. It’s not cheap or easy to run an Agoric validator node, so it’s important that validators earn a commission for their services.
Between 5% & 10% is typically a fair commission rate for the services provided.
c. Uptime. Uptime represents the validator’s reliability. Validators with significant downtime may be jailed and potentially removed from the active set, resulting in the slashing of their stake.
You should only delegate to validators with a high uptime percentage.
d. Participation. Active governance is important for the growth of the network. Validators have a responsibility to actively participate in governance and vote in the interests of their delegators. Community members should delegate to validators who actively participate in governance.
It’s important to delegate to a validator that actively participates in governance and shares a similar outlook as you, so you can count on them to vote in your best interest if you ever fail to vote on time.
e. Self-Bond. A validator’s self-bonded percentage represents the number of tokens a validator has delegated to themselves. This is a good indicator of whether a validator has “skin in the game” or not.
These parameters can be found in Agoric Explorers such as https://agoric.explorers.guru/validators or https://ping.pub/agoric/staking.
5. If you want to support us, find StakeAngle in validators list, click “Manage” — Delegate and enter number of tokens you are ready to stake. Please note that staked tokens are subject to 21 days unbonding period if you decide to withdraw tokens from staking.
6. Sign transaction in by clicking “Approve” and wait for a few seconds until it is confirmed.
Congratulations! Your tokens have now been staked and you started to earn staking rewards.
More about Agoric:
Website: https://agoric.com/
Blog: https://agoric.com/blog/
Documentation: https://agoric.com/tech/
Twitter: https://agoric.com/telegram
Telegram: https://agoric.com/telegram
Discord: https://t.me/agoricsystems
More about StakeAngle:
Website: https://stakeangle.com/
