# How to stake AKT (Akash)

## Overview <a href="#h_01hc8bmw88thcadazdzytpfj3f" id="h_01hc8bmw88thcadazdzytpfj3f"></a>

<table data-header-hidden><thead><tr><th width="284"></th><th></th></tr></thead><tbody><tr><td><mark style="color:blue;"><strong>CATEGORY</strong></mark></td><td><mark style="color:blue;"><strong>DETAILS</strong></mark></td></tr><tr><td><strong>Chorus One Validator Address</strong></td><td>akashvaloper16pj5gljqnqs0ajxakccfjhu05yczp987ptmjx9</td></tr><tr><td><strong>APR</strong></td><td><a href="https://www.mintscan.io/akash/validators">https://www.mintscan.io/akash/validators</a></td></tr><tr><td><strong>Block Explorer</strong></td><td><a href="https://www.mintscan.io/akash">https://www.mintscan.io/akash</a></td></tr><tr><td><strong>Staking Rewards</strong></td><td><a href="https://www.stakingrewards.com/earn/akash/">https://www.stakingrewards.com/earn/akash/</a></td></tr><tr><td><strong>Unstaking Period</strong></td><td>21 Days</td></tr></tbody></table>

Akash is a decentralized marketplace, where cloud providers (providers) can lease their computing power to users (tenants).&#x20;

The Akash marketplace functions by conducting reverse auctions whereby the tenant creates orders for computing power, and providers bid on these orders.&#x20;

When the tenant chooses a provider, they create a lease. After this, the user deploys a Docker container on the Akash Container Platform where users are able to then run any cloud-native application and access a range of cloud management services like Kubernetes.

***

## How to stake <a href="#h_01hcdmv6b97epewtf8xq6p088x" id="h_01hcdmv6b97epewtf8xq6p088x"></a>

> Please note that the unstaking period is 21 days. This means that you can only unstake and withdraw coins to your wallet after this time has passed.&#x20;

### 1. Install Keplr Wallet Extension <a href="#h_01hc8b1t0wyk1r9rxq0jc0pqmw" id="h_01hc8b1t0wyk1r9rxq0jc0pqmw"></a>

In case you don't have the keplr extension installed in your browser visit <https://www.keplr.app/> and click on '**Install Keplr**'.

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2FJTcNFBYYtVunx2Xl4Wsx%2FScreenshot%202024-05-20%20at%205.00.32%E2%80%AFPM.png?alt=media&#x26;token=4ba7a46b-9880-4ee9-9f8e-5bc4529d8e2f" alt=""><figcaption></figcaption></figure>

<figure><img src="https://uploads-ssl.webflow.com/63fdf8c863bcf00d7ffdff91/6419606a2f4ea84e4f721641_image1.png" alt=""><figcaption></figcaption></figure>

Click on **Install Keplr for Chrome** if you are using a Chrome browser or **Brave** if you are using the Brave browser and follow the installation instructions.

### 2. Create/Import Account <a href="#h_01hc8b1t0x9e4fj4j73357dgbw" id="h_01hc8b1t0x9e4fj4j73357dgbw"></a>

Click on the extension in the Chrome/Brave toolbar and the following page will open up.

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2FSHpSGxTZhPvC3VSkP1Fy%2FScreenshot%202024-05-20%20at%205.05.09%E2%80%AFPM.png?alt=media&#x26;token=2a8f0fd7-86b4-4da4-88b8-681081bb7548" alt="" width="375"><figcaption></figcaption></figure>

{% hint style="info" %}
In case you do not have an existing Keplr account you can click '**Create a new wallet**'.&#x20;

If you already have a wallet to use, you can select '**Import an existing wallet**' or you can connect with a compatible hardware wallet.\
\
Alternatively, Keplr now offers the ability to associate your wallet with your Google account, however, this is a less secure way of establishing your wallet.
{% endhint %}

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2FRVPAV9E03PJ6hjLTJitx%2FScreenshot%202024-05-20%20at%205.07.19%E2%80%AFPM.png?alt=media&#x26;token=25ff0ba5-9cab-4a4a-89ad-8850bc26e351" alt=""><figcaption></figcaption></figure>

**If you choose to create a new wallet you will be shown 12 words as your mnemonic seed.**&#x20;

* Select the 24 words option for a more secure mnemonic.&#x20;

*Back it up securely (read the warning below)*

{% hint style="warning" %}
***Please be sure to back up your mnemonic seed securely. Never share this seed phrase with anyone, as they will have access to your funds.***&#x20;

* Lost mnemonic seed can't be recovered.
* Anyone with your mnemonic seed can take your assets.
  {% endhint %}

Enter an account name and a passphrase to unlock your wallet. You will be asked for the mnemonic again.&#x20;

Enter the 12 or 24 words in order and case sensitive (all lower case). This is to make sure you remember the mnemonic.

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2FAgrc9YTWpBkBN0MerXBq%2FScreenshot%202024-05-20%20at%205.18.45%E2%80%AFPM.png?alt=media&#x26;token=3bcd2c8e-5500-4ade-9afb-8cf803b4a637" alt="" width="375"><figcaption></figcaption></figure>

After verifying your 12 or 24 word phrase, you will be prompted to select any other Cosmos Hub networks you'd like to add to your wallet.&#x20;

* ***In this case, we will be adding Akash, so please be sure to select that from the list or use the search bar to find it.***

{% hint style="info" %}
No need to add any other networks if you don't plan on using them yet. You can always select more networks later. &#x20;

However, it is advisable to have '**Cosmos Hub**' selected when creating your new wallet.
{% endhint %}

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2FuHbkxNR8uxoJ7oAy9aSk%2FScreenshot%202024-06-14%20at%201.04.45%E2%80%AFPM.png?alt=media&#x26;token=1f97a360-eb59-41d9-a3ee-9d39c7e60d4d" alt="" width="563"><figcaption></figcaption></figure>

Once you selected the relevant networks, click '**Save**' and you'll be all set to go.&#x20;

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2F2cYLasTyo6ndxYVPrI0W%2FScreenshot%202024-05-20%20at%205.23.52%E2%80%AFPM.png?alt=media&#x26;token=6864c8a7-49cd-4168-8cbd-db332a23f091" alt="" width="563"><figcaption><p>Congratulations, you account is set up!</p></figcaption></figure>

### 3. Log in to your account <a href="#h_01hc8b1t0xqz8tdapbp8g98nkt" id="h_01hc8b1t0xqz8tdapbp8g98nkt"></a>

Regardless of whether you already have an account or if you just created it, you may now click on the extension to view your address or visit <https://wallet.keplr.app/?tab=overview> to see your full Keplr dashboard.

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2Fb61wowe9QabiXCx9xxJy%2FScreenshot%202024-05-20%20at%205.25.10%E2%80%AFPM.png?alt=media&#x26;token=6474cd55-eb70-4e4d-98ce-e51b779eb1eb" alt=""><figcaption><p>Example of the Keplr Dashboard</p></figcaption></figure>

### 4. Stake your Akash (AKT) <a href="#h_01hc8b1t0x326w2f4nzezyfjz6" id="h_01hc8b1t0x326w2f4nzezyfjz6"></a>

If you don't already have AKT in your account, you can fund it with some tokens. You may use an exchange to transfer the tokens to your address or get it from someone who already holds them.

If you want to stake from the browser extension wallet, you can either navigate to the Keplr dashboard (shown below) or scroll down on the wallet screen and select AKT.&#x20;

From there, you will be prompted to stake.&#x20;

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2Fr5pNosoTrDSyYJiWjBk4%2FScreenshot%202024-05-20%20at%205.28.41%E2%80%AFPM.png?alt=media&#x26;token=4c4a84f1-c630-4a59-b099-3a27751d2645" alt="" width="356"><figcaption><p>How to access the dashboard from the wallet browser extension</p></figcaption></figure>

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2F1zay2tB3WCq2Ml20DG1h%2FScreenshot%202024-06-14%20at%201.06.34%E2%80%AFPM.png?alt=media&#x26;token=192a4f70-875a-4c53-8038-fa817a5c10a1" alt="" width="359"><figcaption><p>Or stake from within the wallet by scrolling down and selecting AKT</p></figcaption></figure>

Once you are on the Keplr dashboard, to stake click on the '**Stake**' tab in the left hand side of the dashboard.

Once there, you will see three steps highlighted in the pink box in the screenshot below.&#x20;

1. **Select Chain**
2. **Select Validator**
3. **Stake**

Scroll or through the list or search for the chain you want (in this case **Akash**).

Then, you can once again either search or scroll through the list to find **Chorus One.**

<figure><img src="https://161360822-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fyuw4Rsarhx3nMuCdobop%2Fuploads%2FCQa83fLn1K3ztlLZ7SbH%2FScreenshot%202024-06-14%20at%201.08.13%E2%80%AFPM.png?alt=media&#x26;token=e067daba-0ac4-471f-9c67-23b756e1cfdc" alt=""><figcaption></figcaption></figure>

Once you've clicked on the Chorus One validator, select how much AKT you wish to stake, then click the '**Stake**' button at the bottom of the screen.

Clicking on Stake will take you to Keplr wallet for approval. Approve the transaction and you will be able to see your stake.

{% hint style="info" %}
Please note that there is a 21-day unbonding process (also known as unstaking) for AKT tokens during which the staked AKT does not earn rewards and cannot be transferred, exchanged, or spent.
{% endhint %}

### 5. Claiming rewards <a href="#h_01hc8b1t0xyhfh6z6pc14htt2d" id="h_01hc8b1t0xyhfh6z6pc14htt2d"></a>

After some time you will see rewards getting accumulated in your account.&#x20;

You can simply go to the Keplr extension to claim them by selecting **Claim** and approving the transaction.

***

## A Note to Institutional Investors

If you are an institutional investor looking to stake Akash (AKT) with Chorus One, please reach out to us via our [staking request form](https://shorturl.at/znows).&#x20;

<details>

<summary>About Chorus One</summary>

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others.&#x20;

Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures.&#x20;

As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit [chorus.one](https://chorus.one/) or follow us on [LinkedIn](https://www.linkedin.com/company/chorus-one/), [X (formerly Twitter)](https://twitter.com/ChorusOne), and [Telegram](https://t.me/chorusone).

</details>


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