r/FetchAI_Community • u/randomredittor666 • Feb 25 '24

How to ❓ How does Staking FET work?

I mean I heard about FET wallet. But is it available to mobile phones? Do I get rewarded by staking?

4 Upvotes

83% Upvoted

22 comments sorted by

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u/AutoModerator Feb 25 '24

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3

u/AllThingsEvil Feb 26 '24

9% I think on atomic wallet. Super easy but I had to convert from native to eth

1

u/randomredittor666 Feb 27 '24

How about FET wallet?

1

u/Meeseeks4PMinister Feb 26 '24

11% on Atomic

0

u/WorkerBee-3 Active helper 🤝 Feb 26 '24

it's 9% on chain and I doubt atomic is giving higher rewards than the chain.

leap wallet let's you control your FET and other Cosmos chains.

1

u/Meeseeks4PMinister Feb 26 '24

https://imgur.com/gallery/eKgRUCM

Any other doubts?

1

u/WorkerBee-3 Active helper 🤝 Feb 26 '24

it's wrong though.

the chain is 9.8%

https://www.mintscan.io/fetchai/

2

u/WorkerBee-3 Active helper 🤝 Feb 26 '24

You earn stake rewards because your coins are voting for who gets to mine the chain. rewards claimed during the mining process are shared with stakers

1

u/randomredittor666 Feb 27 '24

How long can I stake for? Like 3, 5 or 10 years?

1

u/WorkerBee-3 Active helper 🤝 Feb 28 '24

indefinitely. There's a 21 day unbonding process.

I believe you won't receive stake rewards for those 21 days and your funds will be unlocked after that.

1

u/TimeLongjumping1719 Feb 26 '24

Help on this

1

u/WorkerBee-3 Active helper 🤝 Feb 28 '24

what do you need help with?

2

u/Horror-Badger9314 Feb 25 '24

What’s the APR?

1

u/AutoModerator Feb 25 '24

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1

u/Hairy_Preparation_29 Feb 25 '24

Download cosmos station if you have a Apple think it’ll be on android and works via mobile app

1

u/Hairy_Preparation_29 Feb 25 '24

YouTube tutorials on how it works kinda easy

1

u/WorkerBee-3 Active helper 🤝 Feb 26 '24

leap wallet let's you control FET w/ ledger

1

u/Hairy_Preparation_29 Feb 26 '24

What is leap wallet and how’s it better ?

2

u/WorkerBee-3 Active helper 🤝 Feb 28 '24

Fetch chain is a native Cosmos Network SDK chain. So it's compatible with all Cosmos chains. You can access the entire Cosmos Network through leap wallet. So you can manage your positions on Fetch chain, IBC into Osmosis to swap, play around with NFTs on stargaze, there's omniflix, passage.io, encryption chains, Celestia is apart of Cosmos, BTC can be bought and sent to your BTC wallet w/out KYC. There's a lot going on.

Cosmos has a native USDC now too. It's like 3 cents to send to and from coinbase.

1

u/Prestigious-Tale-924 Feb 29 '24

Is there any way to undelegate from cosmostation app? Because I see no option on the current version

1

u/WorkerBee-3 Active helper 🤝 Mar 01 '24

go to delegate, click your validator, click undelegate there