Staking Cosmos (ATOM) allows you to earn rewards while supporting one of the most innovative and scalable blockchain ecosystems. By staking ATOM, you contribute to the Cosmos network’s security and transaction validation while receiving rewards in return.
Whether you’re new to staking or familiar with cryptocurrencies, Tangem Wallet provides an easy and intuitive way to stake ATOM.
About staking ATOM
By staking your ATOM tokens, you participate in the Cosmos network, contributing to its security and validating transactions. Cosmos uses a Proof-of-Stake (PoS) consensus mechanism, where validators are chosen based on the amount of ATOM they have staked. These validators create new blocks and validate transactions.
When you stake your ATOM, you delegate your tokens to a validator, giving them the authority to act on your behalf. In return, you receive a share of the rewards the validator earns for their efforts. These rewards are typically paid out in ATOM, providing a source of passive income.
Benefits of Staking ATOM:
- Earn rewards: You earn a portion of the newly generated ATOM when staking. These rewards vary depending on the amount of ATOM staked and network conditions.
- Support network security: Staking helps ensure that only trustworthy validators participate in the consensus process, enhancing the security and stability of the Cosmos network.
- Contribute to decentralization: By staking your ATOM, you help decentralize the network, preventing any single party from having too much control over the blockchain.
Staking ATOM through Tangem Wallet is simple and allows you to earn rewards while contributing to the network’s growth.
What to know when staking ATOM in Tangem Wallet
Before staking ATOM with Tangem Wallet, consider the following:
- Minimum Amount for ATOM Staking: The minimum amount required to stake is generally low, making it accessible for users with different levels of holdings.
- Unbonding Period for ATOM Staking: When you stake ATOM, your funds are locked for a period, usually 21 days, when they cannot be withdrawn or transferred.
- Staking Yield (APR): The Annual Percentage Rate (APR) for staking rewards is dynamic and may change based on factors such as validator performance and network conditions. Tangem Wallet displays the current APR, ranked by validators, so that you can choose the best option.
- Network-dependent rules: The Cosmos network dictates the staking rules, such as the minimum staking amount, unbonding period, and staking yield. Tangem Wallet provides a secure interface for managing staking activities but does not control these rules.
How to stake ATOM in Tangem Wallet
Before starting, ensure your Tangem Wallet app is up-to-date. If you don’t already have ATOM, you can either purchase it directly in Tangem Wallet using the integrated Mercuryo service or deposit ATOM by tapping the "Receive" button. You can also swap other cryptocurrencies in your wallet for ATOM.
Here’s how to stake ATOM in a few easy steps:
- Open the Tangem Wallet app.
- Select Cosmos (ATOM) as the token you want to stake.
- Tap Stake.
- Review the staking information, including the APR, unbonding period, and reward schedule.
- Tap Stake.
- Enter the amount you want to stake, then tap Next.
- Tap on Validator to select a validator from the list. Tangem Wallet suggests the most profitable validators based on APR, but you can choose any validator.
- Tap Stake to proceed with the transaction.
- Enter your access code or biometric authentication and scan your wallet to sign the transaction.
- Tap Close.
You can monitor your staked balance on the asset page.
How to claim ATOM rewards in Tangem Wallet
To claim your ATOM rewards, follow these steps:
- Open the Tangem Wallet app and go to the Cosmos (ATOM) token page.
- Tap on the Native staking bar.
- Tap Rewards, then Claim rewards.
- Enter your access code to and scan your wallet to sign the transaction.
- Your rewards will become available after the transaction is processed.
- Tap Close and return to the token page.
How to restake ATOM rewards in Tangem Wallet
To restake your ATOM rewards, follow these steps:
- Open the Tangem Wallet app and go to the Cosmos token page.
- Tap on the Native staking bar.
- Tap Rewards, then Restake rewards.
- Enter your access code and scan your wallet to sign the transaction.
- Your rewards will be restaked with the same validator after the transaction is processed.
- Tap Close and return to the token page.
How to unstake ATOM in Tangem Wallet
To unstake your ATOM, follow these steps:
- Open the Tangem Wallet app and go to the Cosmos (ATOM) token page.
- Tap on the Native staking bar.
- Tap Your stakes and then select Unstake.
- Enter your access code and sign the transaction with your Tangem Wallet.
- After the unbonding period, your ATOM will be available for use.
- Tap Close to return to the token page.
Conclusion
Staking ATOM using Tangem Wallet is a great way to increase the security and functionality of the Solana network and generate passive revenue. New and seasoned users can stake SOL thanks to its low minimum staking requirement and dynamic reward. Tangem makes staking SOL simple, allowing you to manage your holdings effectively and safely in a cold wallet. Start buying, swapping, receiving, and staking confidently in the Tangem Wallet now.