DeFi
Sep 3, 2023
How to Stake $ARCH Token Using Leap Wallet: The Ultimate Staking Wallet Guide
Learn how to stake $ARCH tokens with Leap Wallet, the premier staking wallet for Archway. This step-by-step guide covers mobile and browser extension staking in under 20 seconds.
What is Leap Wallet?
Leap Wallet functions as a comprehensive staking wallet available as both a browser extension and mobile app (iOS and Android). It enables secure and efficient management of your assets on Archway and seamless connection with dApps and NFT projects on the network. The wallet includes built-in features specifically optimized for the Archway Network, making it one of the best wallets for staking crypto.
Download Leap Wallet for Archway
How to Stake $ARCH Using Leap Mobile App
Staking on mobile takes just 20 seconds. Here's how to do it:
Open Leap Wallet on your mobile device
Switch to Archway chain from Cosmos Hub
Tap the "Stake" tab on the bottom navigation bar
Click the "Stake" button beside "Your Deposited Amount"
Choose a validator from the randomized list (you can sort by "Amount staked", "Alphabetical order" or "APY")
Select your preferred validator
Enter the amount of $ARCH you want to stake
Customize gas fees using the arrow sign below the "Review" button (optional)
Click "Review" to confirm transaction details
Verify all information and click "Stake ARCH" to complete
That's it! You've successfully staked $ARCH using the Leap mobile staking wallet.
How to Stake $ARCH Using Leap Browser Extension
The browser extension offers equally simple wallet staking capabilities:
Open your Leap Wallet browser extension
Navigate to the "Stake" tab
View any past delegations (if applicable)
Click "Stake" beside "Your deposited amount"
Choose a validator from the list (search or sort by amount staked, alphabetically, or APY)
Enter the amount of $ARCH to stake
Click "Review" to see transaction details
Click "Stake" to complete the process
Congratulations! You've now staked $ARCH tokens using the Leap browser extension.
What is Leap Wallet?
Leap Wallet is an advanced 'super wallet' designed to provide an exceptional user experience across the blockchain landscape. Available as both a mobile app and browser extension, Leap allows you to:
Manage assets across 200+ blockchain networks
Stake tokens directly within the wallet interface
Participate in governance
Transfer assets over IBC
Manage NFTs
And much more
Unlike wallets limited to specific ecosystems, Leap offers a comprehensive solution for crypto enthusiasts seeking simplicity without sacrificing functionality.
About Archway
Archway is an incentivized smart contract platform that rewards developers for building on the network. The protocol provides built-in incentives and tools for quickly building and launching scalable cross-chain dApps, with rewards based on the value these dApps contribute to the network.
Important Links
Follow Leap Wallet on X for the latest updates
Download Leap for Mobile or Chrome extension
Explore More Archway Guides
Deepen your Archway knowledge with these additional resources:
FAQs
What is the minimum amount required to stake $ARCH?
There is no technical minimum for staking $ARCH tokens, but it's recommended to stake at least 1 $ARCH to make the transaction fees worthwhile.
How long does it take for staked $ARCH to generate rewards?
Rewards begin accruing immediately after your stake is confirmed on the blockchain, typically within a few seconds of completing your transaction.
Can I unstake my $ARCH tokens at any time?
Yes, you can unstake your $ARCH tokens whenever you wish, but there is an unbonding period of approximately 21 days before your tokens become available.
Are there any risks associated with staking $ARCH?
While staking is generally safe, there are risks including validator slashing (if your chosen validator misbehaves) and price volatility of the underlying $ARCH token.
How do I choose the best validator for staking?
Consider factors like commission rate, uptime history, and voting participation. Leap Wallet provides sorting options to help you make an informed decision when selecting a validator in your staking wallet.
