Staking ATOM with StaFi
How to Stake ATOM with StaFi
Required Wallet
Keplr
- Download Keplr from the Keplr Website.
- Once installed, follow the prompts to import or create a new wallet address
Go to Staking Page
Visit the rToken App and click the “Stake” button.
Connect Wallet
Click on the “Connect Wallet” button to connect your Keplr wallet.
Input Staking Amount
Enter the amount of ATOM you would like to stake. Review the amount of rATOM you will receive and the Annual Percentage Rate (APR) for staking. Click the “Stake” button to proceed.
Confirm transaction and await for confirmations
Upon clicking “Stake”, you will be redirected to your Keplr wallet. Confirm the transaction details, including gas fees. To proceed, click on the “Approve” button to sign the transaction. Wait for the transaction to be confirmed and the staking operation to be completed successfully.
Do not edit the memo shown on the Keplr transaction. Editing the memo will cause the transaction to fail.
Track Rewards
Monitor your staked ATOM and its rewards by visiting your Profile.
rATOM Migration
The rATOM token has been relaunched on Neutron, and its liquidity will also be managed on Neutron. With StaFi Hub scheduled to be decommissioned, users will need to migrate their rATOM tokens from StaFi Hub to Neutron. For detailed migration instructions, please refer to the information shared on Mirror.
Liquid Staking Guide for Staked ATOM / LSM ATOM (Staked ATOM shares)
This feature is implemented using the Cosmos Liquid Staking Module(LSM) module.
Go to Staking Page
Visit the rToken App and click the “Stake” button.
Connect Wallet
To import a Cosmos account that has previously staked ATOM / LSM ATOM, you can import it into the Keplr wallet and connect the Keplr wallet to the StaFi rToken App. Once connected, the available amount of staked ATOM / LSM ATOM will be automatically displayed.
Input the Amount of staked ATOM / LSM ATOM
On the “Liquid Stake” page, select “Staked ATOM” or “LSM ATOM” from the dropdown menu.
Enter the amount of Staked ATOM / LSM ATOM you would like to liquid stake. Then click on “Liquid stake 5 Staked ATOM” button to proceed.
Confirm transaction and await for confirmations
Upon clicking “Liquid Stake”, you will be redirected to your Keplr wallet. Remember to confirm the transaction details. To proceed, click on the “Approve” button to sign the transaction. Wait for the transaction to be confirmed and the operation to be completed successfully.
Do not edit the memo shown on the Keplr transaction. Editing the memo will cause the transaction to fail.
Track Rewards
Monitor your staked ATOM and its rewards by visiting your Profile.
FAQ
What are the differences between staked ATOM and LSM ATOM?
Staked ATOM: The ATOM staked in Cosmos Hub.
LSM ATOM: The ATOM that are transferred into tokenized delegations, the liquid staking process is initiated with the Liquid Staking Module tokenizing existing staked ATOM delegations and converting them into NFTs (tokenized delegations) with attributes like reward address, validator, etc.
The rATOM Token
rATOM (Issued on Neutron): https://www.mintscan.io/neutron/wasm/contract/neutron12nqfqdlj3mc3amheq5m80mxnwrnqzp64rhrwfxerqkjwtqg7j7kqs2qz6n
Additionally, rATOM holders can participate in liquidity mining. To learn more about this opportunity, please visit this page.
If you need to bridge rATOM, you can check the bridge guide.
Add rATOM to your Keplr wallet
Navigate to the “Manage Token List” section under the “Settings” page.
Select “Neutron” and click “Add Token”.
Enter the rATOM contract address on Neutron and click “Confirm”.
rATOM Contract Address on Neutron: neutron12nqfqdlj3mc3amheq5m80mxnwrnqzp64rhrwfxerqkjwtqg7j7kqs2qz6n
Commission Fee
5% of ATOM staking rewards will be allocated to StaFi DAO.
Unstake
Go to Unstaking Page
Visit the ATOM unstaking page, and proceed by clicking on the “Unstake” tab.
Input Unstaking Amount
Enter the desired amount of rATOM you would like to unstake, and proceed by clicking on the “Unstake” button.
Confirm transaction and wait for confirmations
After clicking “Unstake,” you will be redirected to your Keplr wallet. Confirm the spending cap of ATOM and approve it.
Once confirmed, a second transaction pop-up for staking will appear. Confirm the transaction details, including gas fees. Click the “Confirm” button to sign the transaction.
Wait for the transaction to be confirmed and the unstaking process to be completed successfully.
Note: Unbonding rATOM takes 21 days. ATOM will be sent to your wallet after the unbonding period has ended.
