How To Stake Osmosis (OSMO)
Do you want to earn Osmosis staking rewards by staking OSMO? Have your OSMO work for you instead of letting it sit in your wallet doing nothing. We will go over the best way to stake your OSMO so that you can start earning interest right away.
Earn Osmosis Staking Rewards
Software Wallets
Software wallets are more recommended for holding your crypto because they are safer in them rather than holding them on an exchange. Generally, they will generate a seed phrase for you so that as long as you have this phrase, you will always have access to your cryptocurrencies, even if the software wallet you had them on originally is shut down, as long as the new software wallet you use supports the currency, you can restore your crypto balance onto the new software wallet.
Cosmostation
Cosmostation is a software wallet that holds almost every cryptocurrency that runs on the Cosmos blockchain, such as Osmosis. You can earn up to 77% staking your OSMO on Cosmostation.
- Download Cosmostation on your mobile device’s app store (iOS and Android supported).
2. Create an Osmosis wallet on Cosmostation. Once created, send your OSMO to the provided address.
3. After receiving your OSMO, press the “Delegate” button.
4. Press on the “Top” tab to view the validators that you can stake with. You can either choose the validators with the highest yield percentage or look through them one by one by selecting them and checking out their websites to see what they’re all about and choosing the one you like the most.
5. After deciding on who to stake with, press their “Delegate” button.
6. Go through the next screens until the delegation process is finished and you’re all done!
Final Thoughts
Kava is a relatively easy cryptocurrency to stake and earn interest on and it provides a much higher interest rate compared to other cryptocurrencies as well. Cosmostation is a great app to hold and stake any other cryptocurrencies running on the Cosmos blockchain.
Earn Osmosis staking rewards by staking OSMO on Cosmostation. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
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