This is a quick and easy guide to stake SYNT with Stakin, via Keplr wallet.
Synternet is a decentralized data infrastructure platform designed to facilitate real-time, cross-chain data delivery. Utilizing its own scalable Layer 1 blockchain, Synternet allows developers to build applications that leverage data streams from multiple blockchains, creating a unified data ecosystem. It reduces the reliance on RPC nodes and APIs by introducing a decentralized way to access on-chain data.
The Synternet blockchain network operates with the SYNT token, which serves as the main currency for transactions, securing the network through staking, and taking part in decentralized governance.
Keplr is an open-source web app, mobile application, and browser extension wallet that supports Synternet SYNT tokens.
If you already have Keplr Wallet configured with SYNT tokens on it, you can jump right into Step 3 of this tutorial.
Step 1 - Set up your Keplr wallet account
Ensure you are logged in to your Keplr wallet (this assumes you already have a Keplr wallet account. If you don't have a Keplr wallet account yet, you can download Keplr wallet from keplr.app and then follow this quick and easy tutorial on how to set up your Keplr wallet account).
You will also need to make Synternet chain visible in Keplr wallet.
- Open Keplr wallet extension and click on the burger menu in the top left corner
- Click Manage Chain Visibility
- Search for "synt" and tick the box next to "synternet"
- Click Save
Step 2 - Fund your Keplr wallet with SYNT tokens
- Click the Keplr wallet browser extension icon, which will take you to Keplr’s dashboard page.
- Type "synt" in the Search textbox, then click on SYNT
- Copy your Synternet wallet address and use it to transfer SYNT tokens to your Keplr wallet account from a centralized or decentralized exchange of your choosing.
Step 3 - Connect Keplr to Synternet Staking portal
Head over to staking.synternet.com and click Connect Wallet and Connect Keplr. You will also need to "Approve" the transaction in your wallet. Once connected, you can close the pop up window.
Step 4 - Stake your SYNT tokens
You have connected your Keplr wallet to Synternet blockchain, made the chain visible, and then topped up your wallet with SYNT tokens. You are now ready to stake your SYNT tokens.
- Choose your validator
- Click "Stake"
- Enter the amount you wish to stake and click "Stake". You will also need to approve the transaction in your wallet.
Once confirmed, you will be able to see your staked balance next to your validator.
Congratulations, you have now staked your SYNT tokens!
DISCLAIMER: This is not financial advice. Staking and cryptocurrency investment involve a certain degree of risk, and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some Proof-of-Stake protocols. We advise you to conduct your own due diligence before choosing a validator.