MAXIMIZE YOUR EARNINGS, STAKE $CUDOS AND EARN REWARDS
Staking refers to the process of locking up cryptocurrency which helps in validating transactions and securing the operations of a blockchain network using proof-of-stake concensus mechanism.
Staking in CUDOS can happen directly via validators or by anyone in the form of delegation to those validators. The CUDOS are âat stakeâ allowing the network to self-correct and penalise any minority attempts to defraud the chain.
How to benefit from staking $CUDOS?
The CUDOS networkâs health depends on your help as a Validator or staker. By identifying dangerous behaviours, the network rewards stakers for each block containing transactions.
How to stake CUDOS?
đStep 1: First get native $CUDOS, if you have already, the Erc20 CUDOS, you can transfer them using the CUDOS Bridge, https://bridge.cudos.org/
đStep 2: Set up your keplr wallet so you can send and receive the Cudos token.
đStep 3: Go to Cudos dashboard and click 'connect keplr wallet'. Login to your keplr wallet using the browser extension you set up earlier.
đStep 4: Send your CUDOS balance from AscenDEX to your CUDOS wallet address. Open the keplr browser extension, select the CUDOS network, and check that your funds have arrived.
đStep 5: Navigate to CUDOS dashboard from https://lnkd.in/d36_hxYf and select the staking tab from the menu on the left.
đStep 6: Pick the validator that best suits your needs and click 'Delegate'.
đStep7: Confirm your account address is correct and specify the amount of CUDOS you want to delegate then click 'Submit'
đStep 8: Approve the transaction fees, Congratulations you have successfully delegated your stake to a validator and you are now earning rewards.
Learn more: Cudos.org
