How to stake IP (Story Protocol)
Everything you need to know to stake your IP with Chorus One
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Everything you need to know to stake your IP with Chorus One
Last updated
Was this helpful?
CATEGORY
DETAILS
Chorus One Validator
Staking Dashboard
Block Explorer
Foundation Website
Recommended Wallets
Minimum Stake & Unstake
1,024 IP with a 1 IP gas fee to prevent spamming transactions
Unstaking (Unbonding) Period
14 Days - Staking rewards are not accrued during unbonding
Story Protocol (IP) is a decentralized intellectual property (IP) infrastructure designed to empower creators by allowing them to tokenize, track, and monetize their work in a blockchain-based ecosystem. By leveraging smart contracts, Story Protocol enables provenance tracking of creative assets, ensuring transparent attribution and ownership rights.
The protocol facilitates collaborative content creation, allowing multiple contributors to receive automated, programmable royalties based on predefined terms. This makes it particularly useful for industries like publishing, gaming, film, and AI-generated content, where IP management and licensing complexities often create friction.
At its core, Story Protocol aims to revolutionize the way IP is shared and expanded by introducing an open, composable framework for digital storytelling. Creators can register their works on-chain, making them interoperable with various platforms while maintaining control over licensing and derivative works.
The system is designed to support modular IP development, meaning that different creators can build upon existing assets while ensuring fair compensation for original contributors. This decentralized approach challenges traditional gatekeepers like studios and publishers, enabling a more transparent and efficient creative economy.
Before diving into how to stake Story Protocol (IP), it's important to understand a few unique key mechanics of how staking on the network functions.
Note: Story Protocol requires a minimum stake and unstake value of 1,024 IP.
All stake, unstake, and redelegate transactions require 1 IP to prevent spam transactions.
If you specify a token amount that has more than 9 decimal places, the actual amount will be rounded down to 9th decimal place, and, if staking, the remainder will be refunded to your wallet.
Some recommended options are Keplr, OKX, MetaMask, and Phantom.
For this guide, we will be demonstrating the steps with Keplr, however, the staking steps will be similar with each compatible wallet.
If you'd like instructions on setting up any of the above wallets, please see:
When you connect, your Keplr wallet or other compatible wallet may prompt you to connect to the Ethereum Network. Go ahead and accept the connection.
Or you can find Chorus One via the list below.
Once you've clicked on Stake Now you will be able to scroll through the list to find Chorus One.
In the screenshot below you can see the Stake and Unstake buttons highlighted.
Simply click on the Stake button in the right hand side of the screen to begin.
Here you will see a similar stake screen as you saw before as if you were accessing staking from the main dashboard, however, you no longer have to select a validator.
You can click the dropdown menu to explore a Staking Period and see how the period corresponds to additional rewards.
For a refresher on Staking Periods and their mechanics, please see: Staking Periods
Note: Only unlocked IP tokens are able to use staking periods.
If a staking period is selected with locked IP tokens, it will default back to flexible staking at the 0.5x rewards rate.
Both unlocked and locked IP tokens are subject to the minimum 1,024 staking, unstaking, and redelegation minimum.
If you select a Staking Period with unlocked IP tokens, be sure to retain your Delegation ID.
More can be found on this here: Delegation IDs
Once you have selected how much IP to stake and for how long, go ahead and finalize the transaction in your wallet.
You can then click on the button to view your transaction on-chain to verify it.
It may be needed to refresh the validator page or the staking dashboard to see your updated staked balance reflected.
And that's it! You're all set, you've now staked your IP!
Similar to the steps above, navigate back to the Staking Dashboard or directly to the Chorus One Validator from the links below:
Click on Unstake and select the amount of IP to unstake (minimum of 1,024 IP).
Similar to staking, once you've selected the amount of IP you wish to unstake, submit and finalize the transaction in your wallet.
You can then click on the button to view your transaction on-chain to verify it.
It may be needed to refresh the validator page or the staking dashboard to see your updated staked and unstaking (unbonding) balances reflected.
As an alternative to unstaking you can also redelegate your existing staked IP.
The redelegate operation allows a delegator to move their staked IP from one validator to another.
This can be useful if you were already staking your IP to another validator and wish to move it to Chorus One.
When you redelegate, your IP tokens will be redelegated to the new validator immediately and start earning rewards.
However, the redelegated IP is still subject to the unbonding process if the originating validator is in the active validator set or currently unbonding from the active validator set. This means you will not be able to redelegate your stake again until the 14 day unbonding period has passed.
During this 14 day unbonding time, your IP can be subject to slashing if the original validator gets slashed.
A fee of 1 IP will be also charged for redelegation to prevent spamming transactions and this fee will be burnt by the staking contract.
Similarly to unstaking, if the redelegation amount chosen is larger than the total staked tokens at the originating validator, the entire amount of IP will be redelegated.
If the remaining balance after redelegation is less than 1,024 IP, then all remaining tokens will be redelegated together in one move to the new chosen validator.
Note: The Delegation ID (if applicable) will remain the same after the redelegation.
Rewards from staking your IP are accumulated on a per block basis and can be distributed every block from the validator you delegate to, however, they must reach a certain threshold. Staking rewards cannot be manually withdrawn by design.
Rewards will only be automatically distributed to your account when the sum of the rewards reach a defined threshold.
The default and also minimal threshold is 8 IP, which means that only when you have accrued >8 IP tokens in staking rewards will these be sent to your address.
When this happens, your reward distribution will go into a rewards distribution queue which only processes a fixed amount of 32 reward distribution requests per block.
To learn more, please reference: #staking-functions-and-the-singularity
Also please see: Rewards & Withdrawal Addresses
or
, , , or other
You can find out about the Story Protocol Staking Contract.
Note: The Singularity has now passed and is no longer in effect.
Unstaking, redelegating, slashing, and jailing were not yet active during the Singularity. []
For further reading, please see the Story Protocol documentation .
Please contact us via our or see: A Note to Institutional Investors
First, navigate to the Staking Dashboard found at: or navigate .
From the , click on Connect Wallet in the upper-right hand corner of the page, or follow similar steps to connect your wallet interface if navigating directly to the .
It can be useful to for easy access later.
Select the Chorus One Validator by finding it in the list or .
Since the Singularity phase has passed, staking rewards are now live and earned on Story Protocol.
If you are an institutional investor looking to stake Story Protocol (IP) with Chorus One, please reach out to us via our .
