How to Stake BTSG within the BitSong Network Using Keplr

In this guide, you'll learn how to stake your BTSG tokens using the Keplr wallet and the BitSong Wallet Dashboard.

Introduction

Staking is an essential component of many blockchain ecosystems, including BitSong. By staking BTSG, you actively participate in network validation and governance while earning staking rewards. This guide will walk you through the process of staking BTSG step-by-step, ensuring a smooth and secure experience.

Prerequisites

• A web browser with the Keplr wallet extension installed and set up. In the event you don’t have Keplr installed yet, see “How to Create a BitSong Wallet” Guide.
• BTSG tokens in your Keplr wallet.
• Access to the BitSong Wallet

Step 1: Log In to the BitSong Wallet

Open your web browser and navigate to the BitSong Wallet. Click on Connect Wallet and select Keplr as your login method. Approve the connection request in Keplr to connect your wallet to the BitSong network. Once connected, you’ll see your wallet address and BTSG balance displayed on the dashboard.

Step 2: Navigate to the Staking Section

On the dashboard, find the Validators section in the main menu and click on it. This will take you to the staking interface, where a list of validators on the BitSong network is displayed.

Step 3: Choose a Validator

Review the available validators based on their commission rates, uptime, and voting power. Choose a validator that aligns with your preferences for reliability and decentralization. Click on the validator to proceed.

Step 4: Delegate Your BTSG

Click the Delegate button on the validator’s profile. Enter the amount of BTSG you wish to stake, ensuring you leave a small amount in your wallet to cover transaction fees. Double-check the details before proceeding, then click Delegate.

Keplr will prompt you to confirm the transaction. Enter your wallet password and approve the delegation. After confirmation, the staked amount will appear in the Delegations section of the dashboard.

Step 5: Manage Your Staked Tokens

You can view and manage your staking activity from the Staking section of the dashboard. From here, you can:

• Claim rewards as they accumulate by clicking Claim Rewards and approving the transaction in Keplr.
• Redelegate your tokens to another validator without needing to unstake them.
• Unstake tokens if you wish to stop staking, keeping in mind the 21-day unbonding period during which your tokens will not earn rewards or be transferable.

Step 6: Prioritize Security

Always verify the validator’s information before delegating. Keep your Keplr wallet recovery phrase in a secure offline location, and never share it. Use trusted devices to access your wallet.

Conclusion

Congratulations! You have successfully staked your BTSG tokens using Keplr and the BitSong Wallet Dashboard. By staking, you are contributing to the growth and security of the BitSong network while earning rewards for your participation.

Explore more of the BitSong ecosystem and stay engaged with its innovative features. For further assistance, refer to the official BitSong documentation or join the BitSong community.

Happy staking!