How to stake LAVA (Lava Network)
Everything you need to know to stake your LAVA with Chorus One
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Everything you need to know to stake your LAVA with Chorus One
Last updated
Was this helpful?
CATEGORY
DETAILS
Chorus One Validator
Recommended Wallets
Block Explorer
Staking Rewards
Unstaking Period
21 Days
The Lava Network (LAVA) is a marketplace of infrastructure providers who collectively enable users and developers to interact with blockchains, through infrastructure like RPC and APIs. This allows users to access blockchain data (like prices, transactions, and more) by leveraging a network of decentralized providers, ensuring transparency, reliability, and data accuracy without relying on centralized sources.
By incentivizing data providers to serve accurate information and penalizing those who provide incorrect data, LAVA aims to solve the problem of unreliable and centralized data in blockchain applications. To learn more about Lava Network and how it works, check out our most recent blogpost here or our comprehensive deep dive found here.
If you already have a supported wallet set up, feel free to skip ahead to: How to Stake
For the focus of this guide, we recommend using the Keplr wallet. While Leap is usable, this guide will be walking through a demonstration with Keplr.
However, if you would like to use Leap wallet and stake directly to the Chorus One validator via w3coins, you can reference the quick guide below:
In case you don't have the Keplr extension installed in your browser, please visit https://www.keplr.app/ and click on 'Install Keplr'.
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.
Click on the extension in the Chrome/Brave toolbar and the following page will open up.
In case you do not have an existing Keplr account you can click 'Create a new wallet'.
If you already have a wallet to use, you can select 'Import an existing wallet' or you can connect with a compatible hardware wallet, such as a Ledger device.
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 and is not recommended.
If you choose to create a new wallet you will be shown 12 words as your mnemonic seed.
Optional: You can select the 24 words option for a more secure mnemonic.
Please be sure to back up your mnemonic seed securely.
It is recommended to store it physically; never in a digital format or as a screenshot.
Never share this seed phrase with anyone, as they will have access to your funds.
A lost mnemonic seed phrase cannot be recovered.
Anyone with your mnemonic seed phrase can take control of your assets.
Next, enter an account name and a passphrase to lock and 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 and confirm that you wrote it down correctly.
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 Lava (LAVA), so please be sure to select that from the list or use the search bar to find it.
No need to add any other networks if you don't plan on using them yet. You can always select more networks later.
However, it is advisable to have 'Cosmos Hub' selected when creating your new wallet.
Once you selected the relevant networks you want to use, click 'Save' and you'll be all set to go.
Regardless of whether you already have an wallet or if you just created it, you can now click on the Keplr extension to view your address or visit https://wallet.keplr.app/?tab=overview to see your full Keplr dashboard.
If you don't already have LAVA in your wallet, you can fund it with some tokens. You may use an exchange to transfer the tokens to your address or get it from a trusted third party that already holds some.
If you have not yet staked LAVA and also wish to restake your LAVA for additional rewards, you can skip ahead to the section Restaking your LAVA as staking and restaking can be combined together in one step.
Note: Restaking is not mandatory. If you prefer to only stake your LAVA, that is absolutely fine, simply read on to learn about staking.
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 LAVA.
Alternatively, you can connect Keplr to the w3coins explorer and stake to the Chorus One validator at this address: lava@1uxmygu9mc6kzykhquzdvtqlnxcprpgjxxhf6ln
Next, 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 there, 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 LAVA.
Then, repeat the same steps to find the Chorus One validator.
Once you've chosen the Chorus One validator, select how much LAVA 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.
Note: If you are using a Ledger hardware wallet, you will need to have the wallet connected, unlocked, and approve the transaction there.
Please note that there is a 21 day unbonding process (also known as unstaking) for LAVA.
During this period your stake no longer earns rewards and cannot be transferred, exchanged, or spent.
However, you can cancel the unstaking process if you wish without penalty.
After some time you will see rewards accumulating in your wallet.
This can be easiest to view from the Keplr dashboard.
You can simply go to the Keplr dashboard to claim them by selecting 'Claim' and approving the transaction.
You will see all rewards available from all networks you are staking with.
You can choose to claim all pending rewards or select which networks you specifically want to claim rewards for.
If you wish to unstake your LAVA, you can do so from the same interface in Keplr that you used to stake.
Either go to the Keplr dashboard or manage your asset directly from the browser extension window.
Simply click on the validator you wish to unstake from and you will be prompted with the following screen.
Please note that LAVA undergoes a 21 day unbonding period when unstaking.
To proceed, click on 'Unstake' and follow the prompts to select the amount of LAVA you wish to unstake. Then confirm and sign the transaction in your wallet.
And that's it! Your LAVA will begin unbonding which you can track from your Keplr dashboard under the Staking tab.
You can view and manage all ongoing unstaking transactions (undelegations) from your Keplr dashboard and cancel them if you change your mind.
After the unbonding period is complete you will be able to transact with your unstaked LAVA again!
LAVA can be restaked to a provider of your choosing to earn extra rewards. This can be done if you are already staking to Chorus One or any other validator, or have not staked LAVA at all.
If you have already delegated and restaked your LAVA to a validator and wish to redelegate it, please see the section below titled: Redelegating LAVA
If this doesn't apply and you have yet to restake your LAVA or stake your LAVA at all, skip ahead to: Restaking your LAVA
Note: Restaking can be done even if you have already staked your LAVA.
If you already have staked your LAVA to a validator (and even restaked it) worry not, it is possible to redelegate your native staking or restaking position without going through the 21 day unbonding period. Here's how you can redelegate an existing LAVA stake or restaking position.
Note: This section applies to a situation where you wish to redelegate to a different validator or provider.
If you have already staked, do not wish to change validators or providers, and wish to restake, please skip ahead to: Restaking your LAVA
To redelegate your LAVA staking or restaking positions, please navigate to the Staking Rewards Terminal and connect your compatible wallet, such as Keplr.
Please be sure the LAVA network is selected in the upper-right corner of the page once your wallet is connected.
From there, you should see an overview of your LAVA delegations. Next be sure to click on the tab labelled 'Native Restaking' as shown in the screenshot below.
Please be sure to select the validator or provider you are currently staking/restaking to that you wish to redelegate from.
Note: The colors on the webpage can be a bit challenging to distinguish, especially when restaking. Please refer to the screenshot below for an illustration of where to click.
Once you've clicked on the box where you can faintly see 'Redelegate' by clicking the 3 dot menu of the validator or provider, you will be prompted with the following screen to choose which validator or provider to redelegate to.
In this case you can search for Chorus One to redelegate to the Chorus One validator if you are redelegating a staked position, or choose a provider of your choice if you are redelegating a restaked position.
Go ahead and select Chorus One from the list then click on 'Continue'.
Next you will see a confirmation screen showing the validator you are redelegating from and the validator you are going to be delegating to. (In this example below, from HashKey Cloud to Chorus One).
By default you will be set to redelegate the entire amount, however, you can choose a custom amount if you wish.
If this all looks good go ahead and click on 'Redelegate'. You will see a final confirmation screen to process the transaction. Continue on from there and approve the transaction in your wallet and you will be all set!
There are 3 main interfaces to do this from as seen from https://www.lavanet.xyz/stakers:
Directly from Leap wallet (if using the Leap wallet)
Let's explore how to use each interface.
First, navigate to Staking Rewards and connect with your supported wallet (Keplr or Leap)
You may see a provider pair selected already -- If so, you can edit it by clicking on the section labelled 'Provider Pair' and selecting a new pair. If one is not already selected, you can select a new pair to restake with.
If you click on 'Provider Pair' you can add a new pair as shown below.
Next select the RPC provider of your choosing.
Next, select a validator.
If you are already staking to Chorus One, search for the Chorus One validator and select it.
You can then select how much LAVA you wish to restake with one or multiple provider pairs by entering the amount, then click on 'Continue to stake'.
Go ahead and approve the transaction and you're all set!
First, navigate to Ping.pub and connect your wallet. (Keplr or Leap are supported)
Then click on 'Delegate & Restake' in the bottom-right hand corner.
You'll be prompted to make multiple selections from the dropdown lists such as the validator, which you can scroll through to find Chorus One, the chain, select LAVA mainnet, and the provider, which you can select any of your choosing.
Finally, enter the amount of LAVA you wish to stake and restake with the pair, and click on 'Send'.
And that's it! You've successfully delegated and restaked your LAVA!
To restake using Leap wallet, please see the full guide provided by Leap wallet here:
Some of the best interfaces to claim your restaked and regular staking rewards are:
Choose whichever interface you prefer and connect your compatible wallet.
From there, you will be able to select to withdraw any pending LAVA rewards you have earned.
You won't have to worry about unstaking restaked LAVA. If you wish to unstake your restaked positions, all you have to do is unstake your underlying LAVA.
For a guide on how to do this, please see the following section: Unstaking your LAVA
If you have a restaked LAVA position you wish to redelegate, please see: Redelegating your LAVA
You can also use Ping.pub to quickly redelegate your restaked positions.
If you are an institutional investor looking to stake Lava Network (LAVA) with Chorus One, please reach out to us via our staking request form.
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