Prerequisites ✨
- Keplr wallet
- Some Sifchain (EROWAN)
Quick Note 📘
When unstaking your Sifchain (EROWAN), you’re going to need to wait 21 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 Sifchain (EROWAN) 💰
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under Sifchain, 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 Sifchain (EROWAN) you want to stake, then click on Delegate
- Approve the Keplr wallet transaction
Congratulations! You now have staked your Sifchain (EROWAN).
Unstaking Sifchain (EROWAN) 🤑
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under Sifchain, click on Stake
- The amount of Sifchain (EROWAN) you staked and the pending rewards should appear. Click on Manage >
- Click on Undelegate
- Enter in the amount of Sifchain (EROWAN) you want to unstake, then click on Undelegate
- Approve the Keplr wallet transaction
Congratulations! You have now unstaked your Sifchain (EROWAN). You will have access to your Sifchain (EROWAN) coins after 21 days.
Where can I buy Sifchain (EROWAN)? 🛒
Unfortunately, Sifchain (EROWAN) isn’t available to trade on reputable centralized exchanges.
If you want to buy Sifchain (EROWAN), you first need to buy Cosmos (ATOM) on exchanges such as FTX and Binance, then exchange the ATOM for Sifchain (EROWAN) on the Osmosis DEX or Sifchain 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.
