How to stake your Omsosis (OSMO)

# Published 22 June 2021

Post Image

Firstly, we need an Interchain Wallet

For acquiring the OSMO token and delegating please download the Keplr wallet which you can find in the Chrome web browser store here: https://chrome.google.com

How to Get the OSMO Token

Currently the best way to get the OSMO token is to first purchase the ATOM token and send it to your Keplr wallet then head over to this page on the Osmosis Dex the hit the deposit button for (Cosmos Hub - ATOM) to do an IBC(Inter-Blockchain Communication) transfer from the Cosmos network to the Osmosis Network. Then after the ATOM has arrived in your Osmosis account you can trade ATOM to OSMO on this page on the Osmosis Dex.

How to Earn OSMO Staking Rewards

You can earn double rewards from two sources on your OSMO and other tokens, by providing liqudity to the Osmosis DEX and then staking that LP token which represents your stake in the liquidity pool to a validator.

Delegation

Delegating is when you bond your tokens to a validator and earn rewards from that validator. Delegating is non-custodial, which means that a validator cannot steal your coins just because you delegated to them.

Delegating your stake to earn a staking rewards

Go to https://wallet.keplr.app and select how much of your OSMO or LP tokens you want to delegate to start earning staking rewards.