- Basechain was formerly known as PlasmaChain. Read the official announcement.
As you may already know — you can stake your LOOM tokens to help secure Basechain by using MetaMask or Ledger via our staking dashboard.
Today, I am excited to announce support for mobile wallets on the latest release of the dashboard.
To get the party started — Cobo Wallet will be leading as the first mobile wallet to be supported on our staking dashboard.
In other words, in addition to being one of the latest validators on Loom Basechain — our friends at Cobo will be adding native LOOM staking to their mobile wallet.
So you can now deposit and delegate LOOM tokens to your favorite validator directly from your Cobo Wallet.
And just in case you weren’t aware…
As of this writing, over 142 million LOOM have been staked by the community — and that’s JUST with desktop support.
Since Cobo Wallet is spearheading the ability to delegate LOOM directly from its mobile wallet — this is going to make token delegation even simpler, and more accessible to more people.
…imagine what will happen when we integrate with even more mobile wallets in the future 🔥
If you are curious about the benefits of staking your LOOM tokens — please take a look at the economics of staking first.
Then, my recommendation would be to learn how to stake your LOOM tokens.
And if you have any ideas on which mobile wallet we should integrate with next — let me know in the comments below! 😉
Loom Network is the production-ready, multichain interoperable platform for serious dapp developers — providing developers the tools they need to scale high-performance user-facing dapps today.
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Want to stake your LOOM tokens and help secure Loom Network? Find out how.
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