DeFi
Dec 3, 2023
How to Stake $AURA Token: Complete Guide Using Leap Staking Wallet
Learn how to stake $AURA tokens using Leap, the best crypto wallet for staking. Our step-by-step guide covers mobile and browser extension methods for maximizing your staking rewards.
What is Leap Wallet?
Leap is a powerful multi-chain wallet that supports over 200+ chains natively, with other chains accessible permissionlessly. It's designed to provide an exceptional user experience for crypto enthusiasts of all levels. Available as both a mobile app and browser extension, Leap makes staking $AURA tokens straightforward and secure.
The wallet is optimized specifically for the Aura Network with built-in staking features, making it one of the best wallets for staking crypto in the ecosystem.
How to Stake $AURA Using Leap Mobile App
Staking on your mobile device takes just a few taps:
Open Leap Wallet on your mobile and switch to Aura chain from the network selector
Tap the "Stake" tab on the bottom navigation bar
Click the "Stake" button next to "Your Deposited Amount"
Choose a validator from the randomized list (promoting decentralization)
Select your preferred validator
Enter the amount of $AURA you want to stake
Customize gas fees if desired using the arrow below the "Review" button
Tap "Review" to confirm transaction details
Click "Stake AURA" to complete the transaction
That's it! Your $AURA tokens are now staked and earning rewards.
How to Stake $AURA Using Leap Browser Extension
If you prefer using the browser extension, follow these steps:
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 (you can search or sort by amount staked, alphabetically, or APY)
6. Enter the amount of $AURA you wish to stake
Click "Review" to check transaction details
Click "Stake" to complete the process
Congratulations! You've successfully staked your $AURA tokens using the Leap browser extension.
About Aura Network
Aura Network is a comprehensive ecosystem built to accelerate global NFT adoption for mainstream users. Their vision centers on creating a one-stop destination for building NFT projects with real utility, helping transform existing web2 businesses to web3.
Key aspects of Aura Network:
Works directly with brands and IP owners to bring web2 portfolios into web3
Focuses on enhancing user experience
Promotes NFT adoption for real-life use cases
Provides developers with open-source, scalable tools
Built using Cosmos SDK, the world's most used framework for blockchain development
Why Use Leap for Staking $AURA?
Leap stands out as a staking wallet for several reasons:
Multi-chain Support: Access over 200+ chains natively
User-Friendly Interface: Intuitive design makes staking accessible for beginners
Enhanced Security: Keep your assets safe while staking
Comprehensive Features: Transfer assets over IBC, participate in governance, manage NFTs
Mobile and Desktop Options: Stake from anywhere, anytime
Important Links
Follow Leap on X for the latest updates
Explore More Aura Guides
How to create an Aura mobile wallet using Leap wallet mobile app
How to create an Aura desktop wallet using Leap Wallet browser extension
FAQs
What is the minimum amount required to stake $AURA?
There is no minimum amount required to stake $AURA tokens, though you should consider transaction fees when staking very small amounts.
How long does it take for staking rewards to appear?
Staking rewards begin accruing immediately after your delegation is confirmed on the blockchain, typically visible within 24 hours.
Can I unstake my $AURA tokens at any time?
Yes, you can unstake your $AURA tokens whenever you wish, but there is an unbonding period of approximately 21 days before you receive your tokens back.
Are there risks involved with staking?
While staking is generally considered safe, validators may face slashing penalties for network violations, which could affect delegators. Choose validators carefully.
How do I choose the best validator for staking?
Consider factors like commission rates, uptime history, and voting participation. Leap Wallet provides sorting options to help you make informed decisions.
Can I stake to multiple validators?
Yes, you can distribute your $AURA tokens across multiple validators to diversify your staking portfolio.
Staking your $AURA tokens through the Leap wallet offers a straightforward way to earn passive income while supporting the network's security and decentralization. With its user-friendly interface and robust features, Leap has established itself as the premier staking wallet for Aura Network and many other blockchain ecosystems.
