How to stake INJ (Injective)
Everything you need to know to stake your INJ with Chorus One.
Overview
The Injective Protocol (INJ) is a Layer 1 blockchain network and smart contract platform that's designed for trading applications and decentralized finance (DeFi) platforms.
Layer 1 blockchains, like Injective, operate their own independent networks, rather than being built on top of another blockchain like Layer 2 solutions.
Injective Protocol is highly interoperable with other networks and features its own fully decentralized ERC-20 token bridge, supporting native Ethereum-based assets within its ecosystem.
The central platform of Injective Protocol is the Injective Hub. By connecting to the Injective Hub, Defi users can take advantage of its many features including token swaps, staking rewards, and governance proposals.
CATEGORY
DETAILS
Chorus One Delegation Address
injvaloper14yeq3lkajldaggj28hmq8xng9xux7x5g46hezv
Wallet
Keplr, Metamask, Ledger
Block Explorer
Staking Rewards
Unstaking Period
21 Days
Please note that the unstake period is 21 days. This means that you can only unstake and withdraw coins to your wallet after this time has passed. We wish you profitable staking!
How to Stake
There are two interfaces you can use to stake INJ
The Keplr Dashboard
The Injective Hub
For our guide here, we will be focusing on Keplr.
Keplr
1. Installing the Keplr Wallet Extension
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/Important a Keplr Account
Click on the extension in the Chrome/Brave toolbar and the following page will open up.
If you choose to create a new wallet you will be shown 12 words as your mnemonic seed.
You can select the 24 words option for a more secure mnemonic.
Back it up securely (read the warning below)
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.
Lost mnemonic seed can't be recovered.
Anyone with your mnemonic seed can take your assets.
Enter an account name and a passphrase to unlock your wallet. You will be asked for the mnemonic again.
Enter the 12 or 24 words in order and case sensitive (all lower case).
This is to make sure you remember the mnemonic.
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.
In this case, we will be adding INJ, so please be sure to select that from the list or use the search bar to find it.
Once you selected the relevant networks, click 'Save' and you'll be all set to go.
3. Log in to Your Keplr Account
If you don't already have INJ in your account, you can fund your wallet with some tokens.
You may use an exchange to transfer the INJ tokens to your address or get it from someone who already holds them.
4. Staking via Keplr
If you want to stake from the Keplr browser extension wallet, you can either navigate to the Keplr dashboard (shown below) or scroll down on the bworser wallet screen and select INJ.
From there, you will be prompted to stake.
Once you are on the Keplr dashboard, to stake click on the 'Stake' tab in the left hand side of the dashboard.
Once you click 'Stake', you will see three steps highlighted in the pink box in the screenshot below.
Select Chain
Select Validator
Stake
Scroll or through the list or search for the chain you want (in this case INJ).
Then, you can once again either search or scroll through the list to find Chorus One.
Once you've clicked on the Chorus One validator, select how much INJ you wish to stake, then click the 'Stake' button at the bottom of the screen.
Please be sure to leave a small amount of INJ unstakd in your wallet to cover gas fees in the future to claim rewards or unstake.
Clicking on Stake will take you to Keplr wallet for approval. Approve the transaction and you will be able to see your stake.
Once your transaction is approved you will be able to see your INJ being staked.
Congratulations you have successfully staked your INJ!
5. Claiming Rewards in Keplr
After some time you will see rewards getting accumulated in your account.
Here's an example of how this might look:
You can simply go to the Keplr extension to claim them by selecting 'Claim' and approving the transaction.
And there you go! You've successfully claimed your rewards after approving and submitting the transaction to the network!
Staking via Injective Hub
1. Access the Hub
2. Explore the Dashboard
Once you get connected you can view your dashboard.
On the top right, you can view and copy your INJ address the Disconnect option is also found here.
3. Delegate your INJ Tokens
On the dashboard, you can click on Delegate Now to view validators and delegate your INJ tokens to them.
When you click the button, you are shown a dashboard of your staking stats and earnings, claimable rewards, and INJ availble in your wallet.
A popup window will appear, and you can specify the amount of INJ you wish to stake.
Please be sure to leave a small amount of INJ unstakd in your wallet to cover gas fees in the future to claim rewards or unstake.
Click on 'Delegate' and you will be asked to sign a transaction. Doing so will finalize your staking transaction.
Congratulations! You've successfully delegated your INJ tokens. You can head back to the 'Wallet' page to view your delegations.
4. Claiming Rewards and Unbonding
You claim your rewards, distributed continuously every block, on the 'Wallet' page.
When you unbond your tokens, you will stop receiving rewards, and your original INJ balance will be returned to you after the unbonding period, which is 21 days.
Note: While 21 days is the standard, it is possible for this unbonding period can be changed via community-based governance.
A Note to Institutional Investors
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