How to stake OSMO (Osmosis)
Everything you need to know to stake OSMO (Osmosis) to Chorus One.
Overview
CATEGORY
DETAILS
Chorus One Validator Address
osmovaloper15urq2dtp9qce4fyc85m6upwm9xul3049wh9czc
Wallet
Keplr
APR
~ 9.5%
Block Explorer
Staking Rewards
Unstaking Period
21 Days
About Osmosis
Osmosis (OSMO) is a heterogeneous, interoperable AMM that gives users and LPs flexibility and customization never before seen in existing AMM protocols.
LPs can select their time horizons for providing liquidity, third-parties can incentivize pools ad-hoc, governance can distribute OSMO rewards where they deem fit, pool creators can play with mathematical expressions (curves) for lower-slippage swapping and users can swap assets, cross-chain.
Osmosis uses the standard DPoS staking mechanism found in the Cosmos SDK.
Users can delegate their OSMO tokens to Chorus One to receive a share of rewards generated by the network.
How to stake Osmosis
Please note that the unstaking period for OSMO is 21 days.
1. Install Keplr Wallet Extension
While there are a few wallets out there that can be used to stake OSMO, Keplr or Leap are recommended. For this guide, we will be demonstrating the steps with Keplr.
In case you don't have the Keplr extension installed in your browser visit https://www.keplr.app/ and click on 'Install Keplr'.
If you already have a compatible wallet installed, feel free to skip ahead to: Stake your OSMO
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 or Import an Account
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.
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.
If you choose to create a new wallet you will be shown 12 words as your mnemonic seed.
Select the 24 words option for a more secure mnemonic.
This is known as your "Seed Phrase" or 12 or 24-word phrase.
Please be sure to back up your mnemonic seed phrase securely!
Never share this seed phrase with anyone, as they will have access to your funds.
A lost mnemonic seed can't be recovered.
Anyone with your mnemonic seed can take your assets.
Enter an account name and a password 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 Osmosis (OSMO), 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, click 'Save' and you'll be all set to go.
3. Log in to your Wallet
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.
4. Staking your OSMO
If you don't already have OSMO in your wallet, you can fund it with some tokens. You may use an exchange to transfer the tokens to your address or get them from a trusted third party who already holds some.
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 Keplr browser extension wallet screen and select OSMO.
From there, you will be prompted to stake.
Alternatively, 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 OSMO).
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 OSMO 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.
Please note that there is a 21-day unbonding process (also known as unstaking) for OSMO tokens during which the staked tokens do not earn rewards and cannot be transferred, exchanged, or spent.
5. Claiming your Rewards
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.
6. Unstaking your OSMO
If you wish to unstake your tokens, 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.
You can quickly access the Osmosis staking dashboard in Keplr here:
Then simply click on the validator you wish to unstake from and you will be prompted with the staking and unstaking screen.
Please note that OSMO undergoes a 21 day unbonding period when unstaking.
To proceed, click on 'Unstake' and follow the prompts to select the amount of OSMO tokens you wish to unstake. Then confirm and sign the transaction in your wallet.
And that's it! Your OSMO tokens 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 tokens again!
A Note to Institutional Investors:
If you are an institutional investor looking to stake Osmosis (OSMO) with Chorus One, please reach out to us via our staking request form or at staking@chorus.one
Last updated
Was this helpful?
