Stake TIA with Blockdaemon via Keplr
A step-by-step guide on how to stake TIA via Keplr with Blockdaemon validator.
Celestia is a layer 1 blockchain that operates on proof-of-stake consensus and data availability. As a delegator, you can actively contribute to the security of the Celestia network by staking the native token TIA and voting on governance proposals.
Below is the key specific information about TIA.
Parameters | Celestia |
---|---|
Minimum Staking Amount | 1 TIA. |
Bonding Time | - |
Unboding Time | 21 days. |
Slashing Risk | The risk of slashing arises when double signing occurs, potentially resulting in a 2% loss of stake. |
Staking Rewards Distribution | Staking rewards are generated and distributed through transaction fees and inflation. Transaction fees are collected and distributed to stakers, while the inflation rate increases the total supply. |
Staking Rewards Compound | Celestia staking rewards are compounded manually. |
Inflation Rate | The initial rate is set at 8% per year and decreases by 10% each year until it hits a stable rate of 1.5%. Currently, it stands at 7.98% (As of Nov 2023). |
Stake TIA
This guide will walk you through the process of staking TIA tokens with the Blockdaemon validator using Keplr wallets.
Step 1: Open Keplr Dashboard
- Open your Keplr browser extension and select the Staked option.
- Select Stake with Keplr Dashboard. This will open the Keplr dashboard in a new browser page.
Step 2: Select Network and Validator
- In the Keplr dashboard, select the Celestia network.
- Select Blockdaemon as the validator of your choice.
Step 3: Stake TIA
- On the next tab, specify the amount to stake.
Info:
Don't stake all available TIA tokens because you'll need some tokens to cover transaction fees.
- Click Stake to proceed.
Step 4: Confirm Transaction
- A pop-up will appear, select Approve to confirm the transaction. If you are using a hardware wallet, you must also approve it on your wallet.
- Once you’ve confirmed, you will see a Transaction is in progress notification in the top right corner of the screen.
- Wait for a moment. You will see a notification saying Transaction successful.
- You can view the list of your selected validators, your TIA balance, and your staked balance on the Staking tab in the dashboard. Furthermore, you can manage your stake such as claiming rewards, unstaking, redelegating, or staking additional tokens.
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Updated about 2 months ago