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Currently, delegating is available using Ledger Live and a Ledger Nano S or X hardware device, and also by using one of a variety of web-based wallets.
In addition, staking is available using any wallet that interacts with Cosmos command line tools, such as a Ledger wallet or file-based signer. If you need help staking using the Cosmos CLI, use this guide.
1. Install Cosmos App and Create Account
Managerand unlock your Ledger hardware device
Accountswithin Ledger Live and click
2. Transfer ATOM
Receivewithin Ledger Live
Account to creditselect the Cosmos account you just created
Doneon the confirmation screen
3. Delegate Your ATOM
Accountswithin Ledger Live and open your Cosmos account
Delegation(s)on the Cosmos account dashboard select
Search by name or address...
Congratulations! You are now delegating to the Bison Trails validator.
We are available to answer your questions 9am–6pm ET Monday-Friday. Please contact us: firstname.lastname@example.org
Rewards are dependent upon the number of ATOMS currently staked in the protocol. If less than two-thirds of the total atom supply is staked, the annualized inflation increases anywhere from 7-20% until two-thirds of all ATOMS are staked again.
To determine the current reward rate, divide the inflation rate by the staking ratio. You can find those numbers on Mintscan, a Cosmos block explorer.
If a validator doesn't follow protocol rules, Cosmos slashes their bonded tokens as well as the ATOMS delegated to them. ATOMS remain at risk for slashing even during the 21-day unbonding period.
Slashing primarily happens for one of the two reasons outlined below.
Bison Trails takes these risks extremely seriously and have built our infrastructure to protect our customers and minimize slashing risk.
Bison Trails charges a percentage service fee on all rewards earned by tokens delegated to our Cosmos validator. The service fee is paid to Bison Trails automatically by the protocol. You can then withdraw your rewards from the protocol directly.
Have tokens on other networks? Learn more about delegating to our public validators on Celo, Edgeware, Kusama, Livepeer, Ontology, Polkadot, Solana, and more. We also offer dedicated participation clusters.