Prerequisites ✨
- Keplr wallet
- Some Osmosis(OSMO)
Quick Note 📘
When unstaking your Osmosis(OSMO), you’re going to need to wait 14 days before you get access to your coins. Unfortunately, there’s no way around this as the staking system is purposely designed this way.
Staking Osmosis (OSMO) 💰
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under Osmosis, click on Stake
- Pick a validator that shares a good amount of revenue to stakers, then click on Manage > (the lower the Commission percentage, the better!)
- Click on Delegate
- Enter in the amount of OSMO you want to stake, then click on Delegate
- Approve the Keplr wallet transaction
Congratulations! You now have staked your Osmosis(OSMO).
Unstaking Osmosis (OSMO) 🤑
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under Cosmos Hub, click on Stake
- The amount of OSMO you staked and the pending rewards should appear. Click on Manage >
- Click on Undelegate
- Enter in the amount of OSMO you want to unstake, then click on Undelegate
- Approve the Keplr wallet transaction
Congratulations! You have now unstaked your Osmosis(OSMO). You will have access to your Osmosis(OSMO) coins after 14 days.
Where can I buy Osmosis (OSMO)? 🛒
Unfortunately, OSMO isn’t available to trade on reputable centralized exchanges.
If you want to buy OSMO, you first need to buy Cosmos(ATOM) on exchanges such as FTX and Binance, then exchange the ATOM for OSMO on the Osmosis DEX.
Final Thoughts 🗒
Staking is great and all that, but always make sure your funds are secure. To achieve this, we always recommend using a nice hardware wallet like a Ledger.
