Staking is a key feature of the Cosmos ecosystem, allowing users to get rewards and secure the network. Cosmos Hub, Celestia (TIA), and Osmosis (OSMO) all use a similar staking mechanism, making this guide a universal reference for staking within the Cosmos network.
In this guide, we will walk you through the process of staking ATOM using Gem Wallet. The same steps apply to staking TIA and OSMO, so you can use this guide to start getting rewards regardless of which token you hold.
What is Cosmos?
Cosmos is an ecosystem of interconnected blockchains that communicate via the Inter-Blockchain Communication (IBC) protocol. It allows developers to build independent chains that interact seamlessly with one another, fostering scalability and efficiency.
The Cosmos Hub is the primary chain of the ecosystem, and its native asset, ATOM, is used for staking, governance, and transaction fees. Staking ATOM enhances network security and rewards holders with passive income.
Celestia (TIA) and Osmosis (OSMO) are both part of the Cosmos ecosystem. Celestia introduces a modular approach to blockchain design, enabling scalable and customizable networks. Osmosis is a decentralized exchange (DEX) built on Cosmos, facilitating seamless token swaps and liquidity provision.
Both TIA and OSMO utilize Cosmos’ interoperability features and staking mechanisms, making them integral components of the network.
What is Gem Wallet?
Gem Wallet is a user-friendly, non-custodial wallet designed for Cosmos-based assets. It lets you to securely store, send, receive, and stake Cosmos tokens. Gem Wallet also offer built-in crypto swaps, fiat on-ramping via credit cards, and seamless dApp interactions through WalletConnect.
Additionally, it supports NFT management, making it a versatile tool for handling various digital assets. Gem Wallet stands out due to its intuitive interface, streamlined staking process, and high security, making it an ideal choice.
Why Stake ATOM?
There are three main reasons to stake ATOM:
- Network Security: By staking, you contribute to the security and functionality of the Cosmos network and its applications.
- Get Rewards: Staking ATOM with Everstake provides an attractive APR of up to 16.05%.
- Airdrop Eligibility: Staked ATOM holders frequently receive airdrops of new tokens for free.
Why Stake with Everstake?
As a trusted validator with a strong reputation, we advise the best possible opportunities for your assets. Here’s why you should delegate to Everstake:
- Proven Reliability: Everstake serves over 735,000 users across 70+ blockchain networks.
- Zero Slashing Events: Everstake has maintained perfect safety on Cosmos Hub, Osmosis and Celestia with zero slashing incidents.
- 99.9% Uptime: With near-perfect uptime, Everstake ensures uninterrupted staking rewards.
- Non-Custodial Staking: Your funds always remain in your control — staking with us means your assets never leave your wallet, ensuring maximum security.
- Transparent Operations: Real-time staking performance data and analytics allow users to track their delegation.
By staking with Everstake, you can enjoy secure infrastructure, continuous monitoring, and a validator committed to decentralization. So, let’s proceed with your staking with us following this guide.
Step-by-Step Guide to Staking ATOM with Gem Wallet
This guide is for staking ATOM, but the same steps apply to Celestia (TIA) and Osmosis (OSMO). To follow along, simply replace ATOM with your chosen token.
Step 1: Create a Wallet
- Visit the official Gem Wallet website and download the app for Android or iOS.
- Create a new wallet or import an existing one by entering your seed phrase.
Step 2: Save your Seed Phrase
- If creating a new wallet, you’ll be provided with a 12-word seed phrase. Store it securely.
- Verify your seed phrase to complete the wallet setup and access the main menu.
Step 3: Add ATOM to Your Wallet
- Tap the menu (sandwich icon) in the upper right corner.
- Search for ATOM and add it to your wallet.
Step 4: Receive ATOM
- Click on Cosmos and then tap Receive.
- Copy your ATOM wallet address.
- Use this address to deposit ATOM into your Gem Wallet.
Step 5: Start Staking
- Once the tokens arrive, check your updated balance and proceed to staking.
- Tap Stake and review the APR and lock-up (unbonding) period.
- Click Stake to proceed.
Step 6: Choose Amount And Validator
- Enter the amount of ATOM you want to stake and don’t forget to leave some tokens for the fee.
- Press Continue.
Step 7: Confirm the Transaction
- Your staking transaction will appear as pending for a few seconds before activation.
It’s done! Click on the staking transaction to check status, rewards and fees.
Last Words
Staking ATOM, TIA, or OSMO with Gem Wallet is a simple and secure way to get rewards and support the Cosmos ecosystem.
With Everstake as your validator, you ensure a reliable staking experience with competitive rewards. Get started with us and make the most of your assets!
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