Blog

How to stake MINA (Mina Protocol)

Chorus One
Chorus One
August 31, 2022
5 min read
August 31, 2022
5 min read

Overview

Category Details
Chorus One Validator Address B62qmFf6UZn2sg3j8bYLGmMinzS2FHX6hDM71nFxAfMhvh4hnGBtkBD
Wallet Clorio
APR 11.59%
Block Explorer https://mina.staketab.com/
Staking Rewards https://www.stakingrewards.com/earn/mina/

How to stake MINA (Mina Protocol)

1. Create Account and Login

First of all, you have to log into your wallet.

Head to the Clorio web app or open the Clorio Desktop App and select Access with Ledger or Access with Private key.

In case you do not have an account click on Create a wallet and note down the passphrase and private key in a secure place.

Do not share your passphrase or private key with anyone. Doing so may cause loss of funds!

If you already have a wallet, insert your Private key to log in to your wallet. Once the Private key is inserted, the button Access the wallet will be enabled, allowing you to enter inside your wallet.

2. Delegate to Chorus One

On the left-side-menu click on Staking Hub item.

You will be brought to a new page, here you will have the staking status and the list of Validators.

To start delegating, you can scroll to Chorus One and click on the Delegate button, or you can manually delegate by clicking on the Custom delegation button.

After you click the Delegate button, a confirmation screen will show up.

Once you click on Confirm button you will be asked to insert a fee. The field will be pre-compiled with the Average fee, but you can choose the one that you want.

After you click on Proceed button, you will be asked to put your Private key in order to proceed with the delegation.

If the Private key is valid the modal will disappear, then will pop out an alert on the bottom right side of the screen confirming that your transaction has been successfully broadcasted to the network.

3. Using Ledger to delegate

If you are using a Ledger, Clorio will send all the information of the delegation to your Ledger in order to sign them on the device.

For instructions on how to install Ledger App for Mina visit here

Please be sure that your Ledger is connected, Ledger Mina app is open and your device is unlocked and your browser meets the minimum requirements.

If there are no issues with the delegation data, Clorio will wait for the Ledger signature and then broadcast the transaction to the network.

4. Delegation done

After entering your private key or signing with Ledger you will see the message Delegator successfully broadcasted. This means that delegation was successfully done!

Congratulations you are now staking Mina!!

5. (Optional) MINA Staking with Command-Line Interface (CLI)

If you are technically savvy and have a hardware wallet, we’ve included how to delegate to Mina using CLI.  First, if you haven’t already, you’ll need to generate a keypair and connect to the network.

Second, make sure you’ve unlocked your account and enter the following in the terminal:

mina account unlock -public-key $MINA_PUBLIC_KEY

Then run this command to delegate your stake:

mina client delegate-stake \
  • receiver <DELEGATE-PUBLIC-KEY> \
  • sender $MINA_PUBLIC_KEY \
  • fee 0.1
  1. The receiver is the public key of the validators to receive your stake delegation.
  2. The sender is the public key of the account from which you want to delegate
  3. The fee is the transaction fee required to record your transaction.

Chorus One's Public Key: B62qmFf6UZn2sg3j8bYLGmMinzS2FHX6hDM71nFxAfMhvh4hnGBtkBD

There is a 2-4 week delay (also known as a latency period) before your new stake delegation comes into effect.

 Join our mailing list to receive our latest updates, research reports, and industry news.
Thanks for subscribing. Watch out for us in your inbox.
Oops! Something went wrong while submitting the form.