Cosmos / ATOM Delegation Guide

Hey Cosmonauts!

With transfers enabled, you can now stake your ATOMs to earn yield!


Some important notes about Cosmos Network:

  • New ATOMs are created every block and distributed to validators and delegators participating in the consensus. This provides an incentive for ATOM holders to put their tokens at risk to secure the network.
  • The main 2 type of risks associated with delegations are: i) Validator uptime risk — Stakes will be slashed by 0.01% if your chosen validator miss more than 95% of any consecutive 10,000 blocks; ii) Malicious action by validator — For now, the only way to be slashed due to malicious activity is to Double sign. This will result in a 5% slash on all stakes for the malicious validator.
  • The number of new ATOMs created per block is variable and depends on amount of ATOMs currently staked in the network. If less than 2/3 of the total ATOM supply is staked, the annualized inflation will gradually increase towards a ceiling of 20% annualized inflation of the total supply.
  • If more than 2/3 of the total ATOM supply is staked, the annualized inflation will gradually tend towards the floor of 7% annualized inflation of the total supply.
  • Once Inter-Blockchain Communciation (IBC) Protocol is enabled, different types of tokens can be whitelisted on Cosmos Network to be used for payment of transaction fees. Validators and delegators will get to share these fees (minus a network tax) based on their stake.
  • The network tax will go into a reserve pool that will be governed by the existing governance system of Cosmos Network. We expect the reserve pool to be used to increase the security and value of Cosmos Network.
  • It takes 21 days to un-bond from Cosmos Hub (21 days to show up in your wallet). You also do not receive rewards for these ATOMs, but will still be subjected to slashing risk associated with your chosen validator.
  • You are able to re-delegate your current bonded ATOMs to any other validators without any cost (less transaction fees to re-delegate). Some reasons why you might want to re-delegate could be: i) Lower fees; ii) Better support and services, and iii) Differing viewpoints on governance issues.
  • You will be automatically unbonded if: i) Your validator gets slashed (to protect you from further slashing); ii) Your validator stake went below the top 100 threshold; iii) Your validator went below its minimum self-delegation quantum.
  • Remember that you can withdraw your rewards at any time and delegate them again to compound your yield. However, there will be a small transaction fee charged for withdrawal and delegation, so plan it wisely!

Phew, that’s a pretty long list of important notes.


Now let’s go through the tools that you can use to delegate your ATOMs:

1) Official Cosmos wallet, Lunie.io:

Method of accessing: Ledger with Google Chrome or Opera.

Click here to access StakeWith.Us validator page directly.

Login to the staking dashboard by clicking on Sign In on the top right corner.

Click on “Sign in with Ledger Nano S”, then plug in your Ledger to your device and open the Cosmos application. Continue by clicking Sign In.

*Please ensure that your ledger is on the latest firmware.

Click on Delegate. Input the amount of ATOMs you would like to StakeWith.Us, click Next. Thereafter, the dashboard will show you the amount of ATOMs you will be delegating + the transaction fees you are paying for this delegation. Click Delegate to finish off the delegation process.

2) Block explorer staking tool by Figment Networks:

Method of accessing: Ledger with Google Chrome or Opera.

Click here to access StakeWith.Us validator page directly.

Connect your Ledger and click on “Delegate Now”. If you are first-time staker, it will show up as New Delegation.

Insert the amount of ATOMs you want to delegate and click Sign With Ledger. It should show a Delegation Success pop-up, and re-direct you to the transaction ID page.

3) Mobile wallet by Cosmostation (they also have an explorer called mintscan.io, really cool!):

Download Cosmostation’s wallet via Google Play or Apple Store.

6 steps pictorial walk through as depicted:

On left: Click on Create, you will be prompt to jot down your mnemonic phrases as well as set a password for the wallet.

PLEASE JOT THE PHRASES DOWN AS IT IS THE ONLY WAY TO RECOVER YOUR ACCOUNT IF YOU EVER LOSE YOUR PHONE.

Centre: Landing page showing your account details. Click on the Rewards tab to view the list of validators.

On right: Scroll down to find StakeWith.Us 🚀

On left: Click on Delegate.

Centre: Insert the amount of ATOMs you would like to delegate and click Next. The next few screens will prompt you for memo inputs and to set transaction fees.

On right: Check through your inputs and then click on Confirm to StakeWith.Us!

4) ImToken in-wallet delegation:

Download imToken’s wallet from their website.

On left: Click on COSMOS-Wallet, you will create a Cosmos specific wallet that is tied to your ImToken account.

Centre: Landing page showing your account details. Click on the Staking tab.

On top right: Click on Validators to view the list of validators.

On bottom right: Scroll down to find StakeWith.Us 🚀

On left: Click on Delegate.

Centre: Insert the amount of ATOMs you would like to delegate and click Delegate.

On right: Check through your inputs and then click on Next to StakeWith.Us!

5)Wetez Wallet:

Download Wetez wallet via Google Play or IOS.

On left: Click on Atom to create a Wetez Cosmos wallet.

Centre: Input your desired username and password. You will be prompt to jot down your mnemonic phrases.

PLEASE JOT THE PHRASES DOWN AS IT IS THE ONLY WAY TO RECOVER YOUR ACCOUNT IF YOU EVER LOSE YOUR PHONE.

On right: Landing page showing your account details. Click on the Stake tab.

On left: Click on Delegate. Scroll down to find StakeWith.Us 🚀

Centre: Drag the sliding bar to set the amount of ATOMs you would like to delegate and click Next.

On right: Check through your inputs and then click on Confirm to StakeWith.Us!

6) Via Command Line Interface (CLI):

You can view a Youtube walk through here for more information on CLI delegation!


Ending Note

We hope that this guide has been useful for all Cosmos fans on their journey to bootstrap the Cosmos Hub! StakeWith.Us is certainly looking forward to validate Cosmos Network together with you!


Disclaimer: This guide is made available for educational purposes only, to give you general information and understanding on how to delegate on Cosmos Network. By using this guide you understand that there is no client-servicer relationship you, the writer and/or StakeWith.Us. By delegating with us, you acknowledge that we are not liable for any losses on your investment.

StakeWith.Us is a secure Staking-as-a-Service provider for leading blockchain projects. Put Your Crypto to Work — Hassle Free.

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Alternatively, reach out to Earn@StakeWith.Us if:

  • you have any burning queries for us;
  • if you are a project looking for a professional validator;
  • you are looking into investment and partnership opportunities with StakeWith.Us.