If you've spent some time reading how Avalanche works, you'd know that staking on Avalanche works a bit differently. First, you need an Avalanche Wallet. Create a new one or access your existing wallet here
Make sure you're on the right URL. Don't fall prey to phishing attacks by sites that look like the official wallet
Fastest Performing and Secure DeFi Wallet | Avalanche Wallet
Once you've accessed your wallet, you need some $AVAX! If you bought your AVAX on an exchange, you'll need to transfer it to the X-chain. Copy your X-chain address and use it to withdraw your AVAX from the exchange.
You should now have some AVAX on the X-chain. But staking works with the P-chain so you need to use the "Cross Chain" feature to move your AVAX from the X to the P-chain. You will need to pay a small amount of AVAX as fees so make sure you don't transfer the entire amount.
Once your AVAX is on the P-chain, it's time to stake! Click EARN on the left-hand side of the menu.
Since you want to delegate your AVAX, click on DELEGATE and then ADD DELEGATOR. Now you want to choose the Node you're delegating to. In order to delegate to the @ChorusOne node, copy one of the following two node-ids
NodeID-4Ubqsj2vfwdGUUYNg1jtYpkYNNLugNBQ9
NodeID-LkDLSLrAW1E7Sga1zng17L1AqrtkyWTGg
Go to Search Node ID and paste it there. Click Select. You're almost there!
Sometimes you might see the message that the Node is oversubscribed. Try using the other nodeID if you see this message. In case, you see this message for all the nodes, feel free to email at support@chorus.one
Select the end date for your stake, the amount for staking and click on Confirm. That's it. Congratulations. Your AVAX will now start earning rewards and you've just made the network more secure. If this AVAX staking guide helped you, share it with a friend!
The minimum staking duration is two weeks. A delegator will receive a higher percentage of rewards if they decide to stake for longer amounts (up to a year), thus incentivizing longer stake lengths.
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.
Staking your SKL via the Activate platform and Metamask involves three main steps:
Visit the Consensys Activate homepage and click “Sign Up” in the top right corner. Fill out the required information and make sure to choose a strong password for your account (Required: Minimum 8 characters, 1 number, 1 special character, 1 lowercase, 1 uppercase).
You need to verify your eMail address via a confirmation mail that is sent to you right after you filled out the required information. Click the link in the eMail and sign in to your newly created Activate account.
After your first login, you are asked to provide additional information and pass a KYC in case you want to participate in future token sales that are conducted via the Activate platform. You can either do this right away or come back to it later by visiting the “Your Profile” section in the upper right corner of the Activate UI.
The first step to staking your Skale is creating an Account on the Activate Platform
Visit the Activate main menu by clicking the icon in the upper left corner. Then click on Connect Wallet and choose Metamask (you can also use Metamask with a Ledger Device). You will now see your wallet address in the upper right corner.
Connect your Activate Account with your Metamask Wallet with just a few clicks
In case you do not have any SKL token in your account, make sure to properly fund it before you continue. Simply copy your address by clicking on it. Then send the SKL to it that you want to stake.
After you fund your account, visit the Staking page on Activate. Here you will find an overview of available validators that are active on the Skale network.
Fund your account and then visit the “Staking” menu
To start the staking process, click stake next to the validator of your choice. Read through the displayed information and then click Stake my first SKALE tokens.
Now choose the amount of your SKL that you want to stake as well as a staking period (currently only 2 months is available). Please note that you need to stake more than 100 SKL and that your staked funds are locked and illiquid for your entire staking period. Once you read through all the information, click Continue. In the subsequent window, click Stake [your amount] SKL to Chorus One.
Your stake will become active by the beginning of the next epoch (first of every calendar month) and once your delegation is accepted by your chosen validator. Once your transaction is confirmed, you are presented with a summary of your staking request.
Please note that you need to stake more than 100SKL
And that’s a wrap! You are now helping to secure the Skale network for which you earn rewards. Congratulations and welcome aboard our Skale validator, good to have you with us!
There are a few things to keep in mind when staking on the Skale network. Within the Activate UI, you can manage most of your staking operations within the “Token Inventory” submenu of the “Staking” page.
Most staking operations are performed in the “Token Inventory”
In the Token Inventory menu you find an overview of how your funds are constituted. At the bottom of the page, you can find an overview of your staking operation. Please note that once you staked your SKL, the stake will become active in the subsequent epoch and will remain locked for the entire staking period. The validator you chose to stake with has to accept your delegation.
The Token Inventory provides you with an overview of your staking operations
Epochs are units of time within the Skale network. They equal a one-month calendar period of network activity. They always start on the 1st of each calendar month. Rewards for validators and delegators are distributed at the end of each epoch and you are able to claim them within several days after the end of the epoch. Please note that claiming your rewards incurs a transaction fee, so make sure to have enough ETH in your wallet to cover the fees. Your rewards do NOT expire and you can claim them whenever you please. To claim your rewards, visit the “Token Inventory” and click “Claim [x] SKL”. Approve the transaction in the Metamask pop-up window and, in case you are using a ledger, sign the transaction on your ledger device.
How you can claim your Skale staking rewards
The default setting of your staking operation is set to “Auto-renew”. This means that your staking period is automatically renewed for the same period as you initially choose. Hence, your tokens are automatically re-delegated to your chosen validator at the end of your delegation period. You can always choose to stop this by visiting the “Token Inventory” and switching the button next to Auto-renew?.
Note that this will incur transaction fees that you need to cover. Make sure to stop the auto-renewal a few days before your staking period ends. Also, note that this cannot be reversed. Make sure to turn off “auto-renewal” in case you want your funds liquid after your staking period
Climate change is not a new phenomenon and no country is spared from its pangs. Governments & institutions have been slow in tackling it and the results are for everyone to see. The devastating hurricanes in the Atlantic, the extended droughts in the West, and the horrific floods in South Asia are all examples of the increased intensity of natural disasters due to climate change. Though there has been a gamut of initiatives that have promised to fight climate change, one of the most promising ways has been the use of carbon credits.
Carbon credits are a type of environmental commodity or certificate that companies and individuals can trade that represent carbon dioxide that’s kept out of the atmosphere by some act of conservation like reforestation. By putting a price on carbon emissions, carbon credits can help to internalize the costs of climate change and encourage businesses and individuals to find ways to reduce their emissions. Additionally, carbon credits can be traded on a market, which allows for the flexibility to find the lowest-cost emissions reductions and to reward those who are able to achieve the largest reductions. But the carbon credit market has long suffered from issues like lack of transparency, double counting, and/or creative accounting.
Tokenizing these carbon credits on the blockchain is obviously a better solution since the credits can’t be sold/traded once they’re retired, the data is publicly verifiable, and immutable too. That’s why Chorus One collaborated with Regen Network, a platform that originates digital carbon assets unlocking regenerative finance in the world of web3 to offset our carbon footprint for the years 2021 and 2020. We run and operate nodes for Proof-of-Stake networks that are extremely energy-efficient compared to, say, Bitcoin, but that’s not the end of it. We calculated our approximate CO2 emissions for the last 2 years by estimating our team’s device usage, travel to company retreats and conferences, emissions by the data centers we utilize, etc.
This also contributes to the Cosmos ZERO Carbon Campaign, an Interchain Foundation initiative for the entire Cosmos ecosystem to achieve net-zero carbon emissions for their network validator node infrastructure and operations.
CosmosZERO is the first all-ecosystem governance process, and not only keeps Cosmos at the cutting edge of competitive advantage with protocol governance leading the way across the ecosystem to offset our carbon but also is helping usher into the IBC ecosystem the new asset class of interchain carbon credits, which many believe will be uncorrelated with the crypto cycles —
Gregory Landua, Co-founder, Regen Network
We arrived at a total of 130 tons and used the Regen Marketplace to retire an equivalent amount of CO2 via The Mai Ndombe REDD+ Project and The Kasigau Corridor REDD Project. Regen Marketplace was recently launched and allows individuals and institutions to buy, sell, and retire on-chain ecological assets in a few clicks. You can view Chorus One’s portfolio of retired eco credits here.
We hope to encourage more organizations to retire their carbon offsets on-chain. At the end of the day, we have to remember that this planet is the only one we have and we have to do our part to protect it.
