Prerequisites ✨
- Keplr wallet
- Some UMEE
Quick Note 📘
When unstaking your UMEE, 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 UMEE 💰
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under Umee, 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 UMEE you want to stake, then click on Delegate
- Approve the Keplr wallet transaction
Congratulations! You now have staked your UMEE.
Unstaking UMEE 🤑
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under Umee, click on Stake
- The amount of UMEE you staked and the pending rewards should appear. Click on Manage >
- Click on Undelegate
- Enter in the amount of UMEE you want to unstake, then click on Undelegate
- Approve the Keplr wallet transaction
Congratulations! You have now unstaked your UMEE. You will have access to your UMEE coins after 14 days.
Where can I buy UMEE? 🛒
You can buy UMEE on exchanges such as FTX and Binance. While you can also buy from other exchanges, we always recommend using reputable ones for better liquidity and better security.
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.
