HOW TO STAKE CUDOS TOKEN AND EARN REWARDS.
Staking on CUDOS is the process of locking up some amount of $CUDOS tokens with the aim of securing and validating transactions on the CUDOS blockchain. This process can be done by a validator or user through delegating on a validator.
By staking, users earn Staking rewards according to the staking APR, as well as receive a proportionate share of transactions revenue on the CUDOS network.
In this post, I'll highlight a step-by-step guide of the process.
Let's Go!
STEP 1:
Visit the CUDOS dashboard via: dashboard.cudos.org and "Connect" your Keplr Wallet.
N/B: You must have some $CUDOS tokens in your Keplr wallet to commence this process.
STEP 2:
Click on "staking" from left hand menu on your screen.
STEP 3:
Choose a preferred validator from the list of available validators .
STEP 4:
Proceed to " Delegate" on your chosen validator.
STEP 5:
On the next interface of the dashboard, input the amount of $CUDOS you wish to delegate and click on “Submit”.
STEP 6:
After submitting your specified amount to stake, proceed to "Approve" the transaction fees and that’s all.
Congratulations🎊!
You have successfully delegated your stake to a validator and you are now eligible to start earning rewards.
To discover more about the CUDOS blockchain, kindly check out www.cudos.org
