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