STEP-BY-STEP GUIDE ON HOW TO STAKE $GRAV USING KEPLR WALLET WITH UBIK CAPITAL
This is a guide for users to learn step-by-step how to stake their $GRAVs using Keplr web and mobil wallet. Before explaining how to stake, let’s first look at what is Gravity Bridge and how to buy $GRAV.
1. What is Gravity Bridge and $GRAV token?
Cosmos® Gravity Bridge™ is a purpose-built, fully decentralized, trustless blockchain which bridges assets between the Ethereum and Cosmos ecosystems. Ethereum and EVM compatible tokens can be transferred across the Gravity Bridge to a Cosmos wallet and then onto other Cosmos wallets or DEXs (such as Osmosis or Gravity DEX). Cosmos SDK based blockchains can similarly send tokens across Gravity Bridge to the Ethereum ecosystem, making them available for transfer or potentially trading on Uniswap or other ETH DEXs.
Cosmos® Gravity Bridge™ launched with a decentralized validator set and roughly half of the tokens allocated to community DAO discretion for airdrops, future ecosystem support, and liquidity mining. It is supported by an active and healthy community of token holders and validators who will make guiding decisions like implementation of interchain staking, LM and airdrops.
(Please note that Gravity Bridge’s token $GRAV is different than Graviton Zero’s BEP20 $GRAV token)
2. How to buy $GRAV?
$GRAV token can be bought via osmosis.zone
HOW TO STAKE $GRAV?
$GRAV staking is quite straight forward and simple using Keplr. Let’s look at how to stake $GRAV with Ubik Capital step-by-step both via web wallet and mobile wallet.
A. Staking $GRAV via Keplr Web Wallet
Keplr is a non-custodial blockchain wallets for web pages that allow users to interact with blockchain applications. Keplr Wallet is the first, and leading, IBC-enabled wallet for the Cosmos ecosystem.
Let’s start step-by-step staking guide with Keplr web wallet.
1- Go to Keplr Website & Install Keplr Browser Extension
In order to stake $GRAV, you need to go to https://keplr.app/ and download the Keplr chrome extension by clicking the download button on the website:
2- Create or Import Existing Account Using Keplr
After installing the chrome extension, you need to either create a new wallet or import existing one. We will proceed by creating a new wallet. After clicking on the extension on chrome, click on “Create new account” button on the page opened:
After clicking on the button, you need to set up a password and save the mnemonic seed. Then click next . (PLEASE NOTE THAT IF YOU LOSE YOUR MNEMONIC SEED, YOU WON’T BE ABLE TO GET ACCESS TO YOUR WALLET. DO NOT SHARE YOUR MENMONIC SEED WITH ANYONE AND SAVE IT IN A WAY YOU WON’T LOSE IT.)
Wallet is successfully created. Now you can stake $GRAV with your wallet.
3- Staking $GRAV Using Keplr Wallet
After creating the wallet, go to https://wallet.keplr.app/ and click on “Chains” button on the main page to switch to Gravity Bridge network:
You can either type in the search bar or scroll down to find Gravity Bridge chain. Click on Gravity Bridge after finding it.
By scrolling down:
You will see your balance on the right side and there is “Stake” button there. Click on it to start staking procedure:
On the next page, you will select your validator to nominate your $GRAV tokens. You can find Ubik Capital by typing on the search bar or scrolling down. Click on UbikCapital to select Ubik Capital as your selected validator.
By scrolling down:
After selecting Ubik Capital as your validator, click on “Delegate” button on the appearing page:
You need to enter the amount of $GRAV you want to stake on the next page. After entering the amount, click on “Delegate” button (Please note that staking will lock your funds for 21 days):
Congratulations, you staked your $GRAV tokens using Keplr web wallet successfully!
B. Staking $GRAV via Keplr Mobile Wallet
Keplr mobile wallet is available on Android and IOS. Download Keplr mobile wallet on your phone using Play Store or App Store. This staking guide will show you step-by-step staking guide using Android version of Keplr mobile wallet. Since we created a new account on the web wallet guide, now we will import our account to mobile wallet. You can create a newly account as well.
1- Importing or Creating Wallet
After downloading Keplr mobile wallet, touch on “Import existing wallet” button:
Once you click on “Import existing wallet”, you need to select “Import existing wallet” option on the next screen as well:
After selecting “Import existing wallet”, you need to enter the mnemonic seed you stored safely. Enter the mnemonic seed and touch on “Next” button:
You have successfully imported your existing wallet. Touch on “Done” button to end the process.
2- Staking $GRAV via Keplr Mobile Wallet
After importing your existing wallet, you need to switch to Gravity Network. Touch on “Cosmos Hub” button placed on top to change the chain:
Scroll down and touch on “Gravity Bridge” button to change to Gravity Bridge chain:
Once you changed your chain to Gravity Bridge, you are ready to stake. Touch on “Staking” button:
After touching on “Staking” button, you need to touch on “Stake” button on the next screen (You can see your staking status if you already staked some amount before):
On the next screen, you need to select the validator. Either scroll down to find Ubik Capital or type “Ubik Capital” on the search bar to find Ubik Capital. Once you find it, touch on Ubik Capital to select Ubik Capital as your validator:
You successfully set your validator. Touch on “Stake” button on the next screen to proceed:
Now you need to enter the amount of $GRAV you want to stake. After entering the amount, Touch on “Stake” button at the bottom:
Touch on “Approve” button to finish staking procedure:
Transaction completed successfully. Touch on “Confirm” button:
Congratulations, you have successfully completed staking $GRAV using Keplr mobile wallet!
About Ubik Capital
Ubik Capital has worldwide presence and will provide around-the-clock coverage for our servers and the Oasis Protocol community. Our team’s experience and expertise with setting up and managing multiple blockchain nodes, hands-on military-grade cybersecurity, software development, and AWS training, and technical program management uniquely qualify us for success in the validator role.
Be a part of our community!
Disclaimer: Not financial advice. Cryptocurrency and blockchain investments are high risk, can incur substantial losses, and are not suitable for everyone. Please consult a professional before considering investment in any cryptocurrency. This article does not encourage or support any specific investments, use of applications or technology, or financial direction. This article is for informational purposes only and should be verified and validated externally for 100% accuracy.