Go to https://wallet.keplr.app/chains/injective, search for Chorus One from the list of validators, and click on it.
Go to https://wallet.keplr.app/chains/injective, search for Chorus One from the list of validators, and click on it.
Enter the amount you want to stake (leave some amount in your wallet to pay for the fees)
Click on the Delegate button
Click on Delegate and then Approve the transaction in your wallet/ledger. You're now staking with Chorus One!
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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.
Wallet List
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.
Dashboard
Your Injective address
On the dashboard, you can click on Delegate Now to view validators and delegate your INJ tokens to them.
Delegate Now
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.
Injective is a decentralised exchange (DEX) that facilitates permissionless cross-chain derivative trading.
Since DeFi summer in 2020, there has been an explosion of innovation in the decentralised exchange space. Automated market makers (AMMs) that use mathematical formulas and liquidity pools to calculate token prices instead of order books, have become the standard for swapping tokens on decentralised exchanges. AMMs are practical and accessible, no KYC is required of users and anyone can create pools of assets to be traded against. However, AMMs have been a victim of their own success. As popularity of AMMs has risen, so too have issues that users experience when interacting with them (such as high gas fees and front-running). AMMs are also limited when it comes to interoperability and only spot trading can be done using AMMs. Injective solves the problems suffered by AMMs by creating an interoperable order-book based decentralised exchange that acts as a layer-2 sidechain built using Tendermint-based consensus.
Injective has EVM-compatibility built on top of it’s Cosmos-SDK chain, meaning users experience a fast finality and interoperable network with the benefits of Ethereum tooling. Injective is using Tendermint consensus, which allows trades to be made cheaply and with 1 second finality. Injective is also IBC-compatible, meaning it is able to connect with hundreds of other networks that have been built with IBC compatibility to facilitate cross-chain interoperable trading. On top of this, Injective has its own Ethereum <> Injective bridge for users wanting to bridge their Ethereum ERC-20 tokens into and out of Injective. What is interesting here is that Injective is not limited to interoperability within Cosmos and Ethereum. Injective will also be interoperable with Polkadot in the near future via Moonbeam. It is not hard to envision a future where assets from multiple networks will be bridged onto Injective and be available to be traded with cheap fees and 1 second finality. Injective could potentially be the most interoperable decentralised order-book exchange seen-to-date.
The possibilities for a fast and interoperable order-book decentralised exchange are limitless. Anyone in Injective can also propose an arbitrary derivative market for INJ token holders to vote on. A scalable, interoperable, innovative and community-driven DEX that gives users permissionless access to any derivatives market in the world and is exactly the type of use case that crypto is made for. We are excited to announce our support for Injective and look forward to facilitating the network’s long-term success.
Injective uses the standard DPoS staking mechanism found in the Cosmos-SDK. Users can delegate their INJ tokens to Chorus One to receive a share of rewards generated by the network.
Validating Rights: The weight of validators such as Chorus One is determined by the amount of staking tokens (INJ) bonded as collateral.
INJ Inflation: 7%
Staking Reward Rate: Rewards from staking INJ will vary depending on the inflation and total amount of tokens that are staked at a given time. Learn more about the details of staking reward rates for chains built using Cosmos SDK here.
Chorus Commission: 7.5%
Withdrawal Delay: After withdrawing, your staked funds will only become accessible after the unbonding period (1 day) has passed. It takes a further 7 days withdraw INJ back to Ethereum.
Slashing: You can get slashed (loss funds) in case the validator you are delegated to commits an offense. Make sure to do due diligence to minimize this risk. Offences include double-signing (5% slashing penalty for delegators) and downtime (no slashing penalty, validator is ‘jailed’ and delegators miss out on staking rewards for minimum 2 hours).
Re-Staking: You need to withdraw rewards and re-stake them with some frequency if you want to make use of compounding returns.
Minimum delegation: There is no minimum delegation.
Stake your INJ: https://staking.injective.network/validators
Learn to delegate: Equinox Staking Guide
Wallets: Metamask
Block Explorer: https://explorer.injective.network/
Chorus One Validator Address: injvaloper14yeq3lkajldaggj28hmq8xng9xux7x5g46hezv
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