Evmos is a proof-of-stake blockchain within the Cosmos ecosystem. It is one of the first Cosmos-based chains to offer the Ethereum Virtual Machine (EVM), thus making it compatible with all Ethereum-based applications. This gives developers the opportunity to deploy their applications in a low-cost gas environment while also expanding their addressable market.
This guide will walk you through how to stake your EVMOS tokens using Keplr. If you are a native Ethereum user, you will be happy to know that Evmos is also compatible with Metamask. You can also find a Metamask staking guide for Evmos here!
As mentioned for this guide, we will be using the Keplr wallet. This wallet is non-custodial and requires the user to keep track of their own mnemonic phrase, and password. Always ensure that you properly backup your Keplr mnemonic phrase, and password in a safe place. To learn more about custody and best practices, check out our “What is Custody?” video.
Step by step Stakinng Guide:
First you will need to navigate to gotrekt.com. In the top right hand corner you will select “Connect Wallet”
A popup window will display two options to choose from. Select “Keplr”
Keplr will ask you for permission to view your wallet address and request signatures for transactions. Review the prompt and then select “Approve”
Now you will navigate to the “Staking” tab on the left-hand side of the dashboard.
Select “View Validators” in the middle of the page.
In the search box, type “Figment”
After you have located the Figment validator, select “MANAGE” on the right hand side of the page.
A dialog box will appear. Select “DELEGATE”
Make sure you read the text explaining the unbonding period for Evmos. Then in the “Amount to Delegate” box, type in the amount of EVMOS you want to stake and click “DELEGATE”!! *Make sure you do NOT stake your full available balance. You MUST leave room for gas fees*
Keplr will then ask you to approve the transaction. Review the prompt and then select “Approve”
CONGRATULATIONS! You have successfully staked your EVMOS with Figment! After the network enables inflation, you will earn rewards once a day.
To undelegate your $EVMOS, simply click “Manage” on the right-hand side of the staking page, and then you will have the option to undelegate. Please note, if you undelegate your tokens there will be a 14 day unbonding period. During these 14 days, you will not be able to earn rewards or transfer your tokens.
Interested in learning more about Evmos? Check out these other articles by Figment!
Evmos Official Sites