Centrifuge is building the operating system to connect the global financial supply chain.
Centrifuge is bridging real-world trade finance assets like company invoices into the world of decentralized finance through the Tinlake asset-backed lending protocol. Through Tinlake, users can tokenize non-liquid assets such as invoices (e.g. ConsolFreight) or streaming royalties (e.g. Paperchain) and borrow against these securitized assets.The Centrifuge Chain, which hosts the Tinlake protocol, is a Substrate-based Proof-of-Stake chain secured by a small set of validators including Chorus One. By delegating Centrifuge (CFG) tokens, stakers help maintain the network and its bridge to Ethereum, for which they earn staking rewards.
Make sure to note down your mnemonic seed in a safe place! You will lose access to your funds if you forget or lose it. It is not recommended to store them on an unsecured laptop
2. Create 2 accounts
To stake CFG tokens you require 2 funded wallets. Follow step 1 twice to create these two and some CFG to both.
Injective is an open, interoperable, layer-1 blockchain built for finance applications.
It provides a powerful smart contracts platform tailored for DeFi developers to build and launch dApps for widespread use quickly. Injective uniquely provides traditional finance infrastructures, such as an order book module, on-chain, and is highly interoperable with prominent layer 1s, including Ethereum and Cosmos.
Injective is built with the Cosmos SDK and utilizes a Tendermint proof-of-stake consensus for secure transactions with instant finality.
Some of the prominent ecosystem players within Injective:
Akash is a decentralized marketplace, where cloud providers (providers) can lease their computing power to users (tenants). The Akash marketplace functions by conducting reverse auctions whereby the tenant creates orders for computing power, and providers bid on these orders. When the tenant chooses a provider, they create a lease. After this, the user deploys a Docker container on the Akash Container Platform where users are able to then run any cloud-native application and access a range of cloud management services like Kubernetes.
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!
We will stake via the Injective Hub. Go to https://hub.injective.network/ and click on Connect on the top-right corner to connect with any wallet currently integrated with Injective, which currently includes MetaMask, Ledger, Cosmostation, Leap, Keplr, Torus, or Trezor wallet.
Once you get connected you can view your dashboard. On the top right, you can view and copy your INJ address and the equivalent address in Ethereum. The Disconnect option is also found here.
Your Injective address
On the dashboard, you can click on Delegate Now to view validators and delegate your INJ tokens to them.
When you click the button, you are shown the list of validators.
Search for Chorus One in the search box and click on Delegate Now
A popup window will appear, and you can specify the amount of INJ you wish to stake.
Click on Delegate and you will be asked to sign a transaction, which will take place entirely on the Injective Chain. This means you no longer need to pay high gas fees!
Congratulations! You've successfully delegated your INJ tokens. You can head back to the Wallet page to view your delegations.
You claim your rewards, distributed continuously every block, on the Wallet page. When you unbond your tokens, you will stop receiving rewards, and your original INJ balance will be returned to you after the unbonding period, which is 21 days. The unbonding period can be changed via community-based governance.
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.
