Osmosis Staking Guide
Osmosis is a decentralized exchange for IBC-supported networks. Osmosis allows developers to design, build, and deploy their own customized AMMs, with sovereign liquidity pools. The DEX uses a native token called $OSMO for governance and staking.
Osmosis DEX extension has recently been integrated into our platform bringing many features to its users.
In this article, we will show you how to stake, unstake and redelegate $OSMO via Citadel.one platform.
How to stake OSMO via Citadel.one?
In Citadel.one app open the page of the OSMO address you need. Click “Stake”.
In the opened window click on the special tab to select the nodes for staking.
Now you see the list of all network validator nodes that you can delegate your OSMO to. Find the node you want to use for staking and click on it.
In the “Amount” field write down the number of OSMO tokens you want to delegate and click “Stake”.
Double-check the amount and commission fee. Enter your password in the text box and press the “Confirm” button.
If everything went fine you should see a “Success” screen. Here you can see your wallet address, the chosen node, the amount you staked, go to explorer to track your transaction, and add a comment to it. Press “Ok” and wait a bit, while the transaction is going through.
That’s it! Now you will begin receiving rewards based on how much OSMO you staked.
How to unstake OSMO?
Take into account that the unstaking period for Osmosis is 14 days.
In Citadel.one app open the page of the OSMO address you need. Click “Unstake”.
In the opened window select the node you want to undelegate your OSMO from.
In the “Amount” field write down the number of OSMO tokens you want to unstake and click “Unstake”.
Double-check the amount and commission fee. Enter your password in the text box and press the “Confirm” button.
After the confirmation of the unstaking transaction, your assets will be locked for 14 days.
If everything went fine you should see a “Success” screen. Here you can see your wallet address, the node chosen for unstaking, the amount you unstaked. Go to explorer to track your transaction, and add a comment to it. Press “Ok” and wait a bit, while the transaction is going through.
How to redelegate OSMO?
Note that with the same wallet address, you are only able to redelegate your assets up to 7 times in a 21 day period.
In Citadel.one app open the page of the OSMO address you need. Click “Redelegate”.
In the opened window click on the special tab to select the node for redelegating.
In the “Amount” field write down the number of OSMO tokens you want to redelegate and click “Confirm”.
Double-check the amount, commission fee, and chosen nodes. Enter your password in the text box and press the “Confirm” button.
If everything went fine you should see a “Success” screen. Here you can see the addresses of the chosen nodes, the amount you redelegated, go to explorer to track your transaction, and add a comment to it. Press “Ok” and wait a bit, while the transaction is going through.
Enjoy crypto staking with Citadel.one!
If you have further questions, drop us a message to support@citadel.one. You can also join our chat in telegram, there is an active discussion of all current updates, as well as round-the-clock support from our managers.
About Citadel.one
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports BAND network ($BAND) Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST ($IOST), KAVA ($KAVA), BSC and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.
Learn More About Citadel.one
📍Website📍Telegram📍Twitter📍Facebook
