The Cosmos Hub keeps track of balances and routes transactions through the internet of blockchains. When you stake your ATOMs with Chorus One you can earn rewards up to 9.67% per annum.
The Cosmos Hub seeks to become the center of a network of blockchains abiding by the standards of the Inter-Blockchain Communication protocol (IBC). Cosmos technologies like Tendermint and the Cosmos SDK framework are used by projects like Binance Chain, Band, Terra, Kava, Aragon, and others - securing multiple billions of dollars in value. By delegating ATOM to Cosmos Hub validators like Chorus One, stakers receive a share of inflationary token rewards, as well as fees from transactions that go through the Hub, for example for routing tokens between two IBC-compatible blockchains.
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!
In case you don't have the keplr extension installed in your browser visit https://www.keplr.app/ and click on Install 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.
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 create a new account
You will be shown 12 words as your mnemonic seed. Select24 words option for a more secure mnemonic. Back it up securely (read the warning below)
Back up your mnemonic seed securely.
Enter an account name and a passphrase to unlock your wallet. You will be asked for the mnemonic again. Enter the 24 words in order. This is to make sure you remember the mnemonic.
Finally, click on Next to create your account
Regardless of whether you already have an account or if you created it just now you may now click on the extension to view your address or visit https://wallet.keplr.app/#/secret/stake to see the full dashboard.
If you don't already have ATOMs in your account fund it with some tokens. You may use an exchange to transfer the ATOMs tokens to your address or get it from someone who already holds those.
To stake click on the Cosmos network in the left panel and click on Stake.
You will be shown a list of validators with whom to stake on the right side. Scroll to Chorus One and click on Manage.
A modal with Chorus One's description will pop up. Click once on Delegate to enter the amount of tokens you want to stake.
Clicking on Delegate again will take you to Keplr wallet for approval. Approve the transaction and you will be able to see your stake.
There is a 21-day unbonding process for staked ATOM tokens during which delegator ATOMs do not earn rewards and cannot be transferred, exchanged, or spent. ATOMs can, however, be slashed during the unbonding period.
After some time you will see rewards getting accumulated in your account. You can simply go to the Keplr extension to claim them.