DeFi
Sep 27, 2023
How to Liquid Stake ATOM on Stride with LSM Using the Best Staking Wallet
Learn how to liquid stake ATOM on Stride with LSM using Leap, the best crypto wallet for staking. This comprehensive guide walks you through the process on both mobile and desktop platforms, helping you maximize your staking experience.
Looking for the best crypto wallet for staking ATOM on Stride with Liquid Staking Module? Leap Wallet offers a seamless experience for liquid staking across multiple chains. In this comprehensive guide, you'll learn the entire process of liquid staking ATOM tokens using Leap Wallet.
What is Leap Wallet?
Leap is a multi-chain super wallet supporting over 200+ chains natively, designed to provide an exceptional user experience for crypto enthusiasts. Available as both a mobile application for iOS and Android and a browser extension, Leap allows you to:
Manage assets across multiple blockchains
Transfer and exchange assets between wallets
Earn staking rewards
Participate in governance
Transfer assets over IBC
Manage NFTs
All these features are accessible directly within the wallet interface, making Leap one of the best wallets for staking crypto.
Understanding Stride and Liquid Staking
Stride is a blockchain zone that provides liquidity for staked tokens. With Stride, you can earn both staking and DeFi yields across the Cosmos IBC ecosystem. Liquid staking through Stride solves the traditional DeFi dilemma in Cosmos, where users previously had to choose between staking tokens for passive yield or participating in DeFi activities.
How to Liquid Stake ATOM on Stride Using Leap Mobile App
Follow these simple steps to liquid stake your ATOM tokens using the Leap Wallet mobile application:
Open the Leap Wallet mobile app on your device
Switch from Cosmos Hub to Stride network
Tap on the "Browser" button located on the bottom navigation bar
Search for "Stride" in the search bar
Select Stride from the search results (bookmark it to avoid visiting incorrect links)
Click on "Connect Wallet" and select Leap Wallet
Approve the connection request by tapping "Connect"
Toggle the "Pull from natively staked balance" button
Select the validator you want to liquid stake from
Enter the amount of ATOM you want to liquid stake
Tap "Liquid Stake" and approve the transaction
Congratulations! You've successfully liquid staked your ATOM tokens. Your stATOM will appear on the Home tab of your Leap Wallet.
How to Liquid Stake ATOM on Stride Using Leap Browser Extension
If you prefer using the desktop version, here's how to liquid stake ATOM using the Leap browser extension:
Open the Leap browser extension
Navigate to the Stride dApp
Toggle the "Pull from natively staked balance" button
Select your preferred validator
Enter the amount of ATOM you want to liquid stake
Click on "Liquid Stake"
Click "Start staking" and confirm the transaction
Your stATOM tokens will appear on the Home tab of your Leap Wallet after the transaction is complete.
Benefits of Using Leap Wallet for Staking
Leap Wallet stands out as one of the best crypto wallets for staking because it offers:
Multi-chain Support: Access to over 200+ chains natively
User-Friendly Interface: Intuitive design for both beginners and advanced users
Enhanced Security: Advanced security features to protect your assets
Comprehensive Functionality: Staking, governance, NFT management, and more in one place
Regular Updates: Continuous improvements and new features
Important Links and Resources
Follow Leap on X for the latest updates
Download Leap Wallet for mobile or as a browser extension
Access Leap Dashboard (supporting 50+ chains)
Refer to our Support document for assistance
Additional Stride Ecosystem Guides
Explore more about the Stride ecosystem with our other guides:
Frequently Asked Questions
What is liquid staking?
Liquid staking allows you to stake your tokens while maintaining liquidity. You receive representative tokens (like stATOM) that can be used in DeFi applications while your original tokens remain staked.
What is LSM (Liquid Staking Module)?
LSM is a module in the Cosmos ecosystem that enables liquid staking functionality, allowing users to stake their tokens while maintaining liquidity through representative tokens.
Can I unstake my liquid-staked ATOM?
Yes, you can unstake your liquid-staked ATOM by converting your stATOM back to ATOM through the Stride dApp.
What are the benefits of liquid staking versus traditional staking?
Liquid staking allows you to earn staking rewards while maintaining liquidity, enabling you to use your staked assets in DeFi applications simultaneously.
Is there a minimum amount required for liquid staking ATOM?
There is no strict minimum, but transaction fees should be considered when staking smaller amounts.
How secure is liquid staking with Leap Wallet?
Leap Wallet implements robust security measures to protect your assets, making it one of the most secure options for wallet staking.
When it comes to finding the best crypto wallet for staking, Leap Wallet offers a comprehensive solution that simplifies the liquid staking process while providing access to a wide range of features across multiple blockchains. Try Leap today and experience the benefits of this powerful staking wallet.
