Stake your $UX(UMEE) Tokens with Provalidator — UX Chain(Formerly Umee)
Introduction:
Umee(Currently, the UX chain) stands as a cross-chain decentralized lending hub, operating as an independent Cosmos-based blockchain. Umee makes use of the Inter-Blockchain Communication Protocol and various bridge solutions to enable interoperability across the Cosmos Ecosystem, Ethereum network, and other foundational layer protocols.
As a foundational blockchain layer, Umee’s decentralized money market is initially designed to allow individuals to lend and borrow assets in a trustless manner, eliminating the need for approval from a centralized intermediary such as a bank. With interoperability at its core, Umee offers a platform for building DeFi applications that can cater to a range of needs not addressed by digital banking products or DeFi apps built on less versatile blockchains.
In this comprehensive guide, we will walk you through the straightforward process of delegating your UX tokens with Provalidator, enabling you to harness the potential for earning impressive returns of approximately 15.34%.
Follow these simple steps to embark on your journey to staking success.
Step-by-Step Staking Guide:
For this guide, we are using the Keplr wallet.
Step 1. Set-up a wallet and Fund your tokens
- Install Keplr Wallet: Download the Keplr Wallet extension and effortlessly access it within your browser.
- Create or Import: Click Create new wallet or Import an existing wallet.
- Secure Your Assets: Prioritize the security of your holdings by storing the recovery phrase and create a password.
- Deposit UX: Fund your tokens to the newly created address with UX.
Step 2. Access your Kelpr Dashboard
- Access the Keplr Dashboard by selecting “Manage Portfolio” within the Keplr extension’s interface.
Step 3. Delegate to Provalidator
- After entering the dashboard, locate to the Chains tab and click it.
2. Proceed the UX(Umee) chain page, and locate and search for Provalidator in the Validator search and select it.
Tip : You can search by “Provalidator” or entering in the Validator Address : umeevaloper10ckmqvzeycglg0hrcnepa0la5kw2q9ys6gquku
(Blockexplorer link : UX Validator — Mintscan)
4. Input the preferred quantity of UX for staking and then proceed by selecting the Stake option.
5. After verifying that all details are accurate, confirm your transaction. Once the process is completed, your funds will be successfully delegated.
About Provalidator
Provalidator is a professional Proof-of-Stake blockchain validator and decentralized infrastructure provider. We offer enterprise-level validation services to more than 30+ blockchain networks, safeguarding over $250 million (as of December 2022) in digital assets through our robust infrastructure. Our team has been operating validator nodes since 2018 starting with the Cosmos Hub, and is currently one of the most prominent validators in the Cosmos ecosystem.
At the heart of our operations is validator service, which are specialized servers or nodes in a blockchain network tasked with proposing, authenticating transactions, and incorporating new blocks into the blockchain. Our dedicated team is on standby around the clock, ensuring swift responses to any validator node concerns. We’ve implemented multi-layered security and monitoring systems to safeguard our infrastructure and prioritize interests of our delegators.
Our mission is to support blockchain infrastructure.
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Contact: business@provalidator.com
