DeFi
Sep 24, 2023
How to Stake $STRD Token: Complete Guide Using a Staking Wallet
Learn how to stake $STRD tokens using Leap staking wallet. This comprehensive guide covers step-by-step instructions for both mobile and browser extension, helping you earn rewards on your Stride tokens securely and efficiently.
Staking $STRD tokens is a straightforward process when you use the right staking wallet. In this comprehensive guide, you'll learn how to stake your Stride tokens using Leap Wallet, one of the best crypto wallets for staking available today.
What is Stride?
Stride is a blockchain that provides liquidity for staked tokens within the broader crypto ecosystem. By staking on Stride, you earn both staking and DeFi yields across the Cosmos IBC ecosystem.
The platform solves a common dilemma in the Cosmos ecosystem where users previously had to choose between staking tokens for passive yield or participating in DeFi activities with higher risk and potentially higher returns.
Why Choose Leap as Your Wallet for Staking Crypto
Leap Wallet stands out as a multi-chain "super wallet" that supports over 200+ chains natively, with other chains accessible permissionlessly. It offers a seamless user experience specifically optimised for staking activities.
Key benefits of using Leap as your staking wallet include:
User-friendly interface designed for both beginners and experienced users
Built-in staking features optimised for networks like Stride
Available on mobile (iOS and Android) and as a browser extension
Secure asset management across multiple blockchains
Ability to participate in governance and manage NFTs
How to Stake $STRD Using the Leap Mobile App
Staking Stride tokens on your mobile device takes less than a minute. Here's a detailed breakdown:
Open Leap Wallet on your mobile and switch to the Stride chain
Tap the "Stake" tab in the bottom navigation bar
Click "Stake" button next to "Your Deposited Amount"
Choose a validator from the randomised list (you can sort by amount staked, alphabetical order, or APY)
Select your preferred validator
Enter the amount of $STRD you want to stake
Customise gas fees if desired using the arrow sign below the "Review" button
Click "Review" to confirm transaction details
Verify all information and click "Stake STRD" to complete the transaction
That's it! Your $STRD tokens are now staked and earning rewards.
How to Stake $STRD Using Leap Browser Extension
If you prefer using the browser extension for your wallet staking activities, follow these steps:
Open your Leap Wallet browser extension
Navigate to the Stride chain
Check any past delegations if applicable
Click "Stake" button beside "Your deposited amount"
Choose a validator from the available options (search or sort by amount staked, alphabetically, or APY)
Enter the amount of $STRD you wish to stake
Click "Review" to see all transaction details
After reviewing, click "Stake" to complete the process
Congratulations! You've successfully staked your $STRD tokens using the browser extension.
About Leap Wallet
Leap is an advanced multi-chain wallet supporting over 200+ chains natively, with a particular focus on providing an exceptional user experience. Available as mobile apps and a browser extension, Leap allows you to:
Explore Stride and numerous other blockchain ecosystems
Transfer and exchange assets between wallets
Earn staking rewards
Participate in governance
Transfer assets over IBC
Manage NFTs
All these features make Leap one of the best wallets for staking crypto assets.
Important Links
Follow Leap on X for the latest updates
Download Leap for Mobile or Chrome extension
Access Leap Dashboard supporting 50+ chains
Refer to our Support document for assistance
Learn More About Stride
Explore the Stride ecosystem further with our additional guides:
How to create a Stride mobile wallet using Leap wallet mobile app
How to create a Stride desktop wallet using Leap Wallet browser extension
FAQs
What is the minimum amount required to stake $STRD?
There is no technical minimum for staking $STRD tokens, but it's advisable to stake an amount that makes the transaction fees worthwhile.
How long does it take for staked $STRD to start earning rewards?
Rewards typically begin accruing immediately after your stake is confirmed on the blockchain, with distributions occurring regularly.
Can I unstake my $STRD tokens at any time?
Yes, you can unstake your $STRD tokens at any time, but there is typically an unbonding period during which your tokens are locked and do not earn rewards.
How do I choose the best validator for staking?
Consider factors such as commission rates, uptime history, voting participation, and the validator's contribution to the network when selecting a validator for your staking wallet.
Are there risks involved with staking $STRD?
While staking is generally considered lower risk than trading, there are still risks, including validator slashing (penalties for validator misbehaviour), potential market value fluctuations, and smart contract risks.
How often are staking rewards distributed?
Staking rewards for $STRD are typically distributed continuously and can be claimed at any time through your staking wallet.
When looking for the best crypto wallet for staking your $STRD tokens, Leap Wallet provides all the essential features needed for a secure and rewarding staking experience.
