Osmosis

Last updated: Oct 21 2021

Protocol teams occasionally change the delegation / staking process. If the following instructions do not work, please email support@bisontrails.co for assistance.


Osmosis is a proof of stake blockchain with a decentralized exchange application enabling users to create liquidity and trade IBC-enabled tokens.

Unbonding Period

14 days, no rewards earned

Warm Up Period

1 epoch, ~24 hours

Service Fee

6% of rewards

Maximum Service Fee

100%

Maximum Fee Change

20%

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Bison Trails' Validator Name

Bison Trails

Bison Trails' Validator Address

osmovaloper1q4mlwtw3ncve72na65xacck557wcknc8j0lmke

Delegation Instructions

Important:

Fake URLs impersonating the secure wallets and UIs used to delegate are circulating on the internet. Always confirm you are using the exact sites we link to here:

  • https://osmosis.zone/
  • https://wallet.keplr.app/#/dashboard
  • https://chrome.google.com/webstore/detail/keplr/dmkamcknogkgcdfhhbddcghachkejeap


Before you start

Currently, delegating is available using the Keplr wallet, accessible via the Keplr wallet homepage or the Osmosis application.

Using Keplr...

Note: if you have already created and funded your Keplr wallet, please skip to Step Three: Stake Your OSMO to Bison Trails below.

STEP ONE: CREATE A KEPLR WALLET

  1. Navigate to the Keplr Wallet extension in the Google Chrome store and follow the on-screen prompts to add the extension to your web browser
  2. Open the extension and select Create new account
    Note: To use a Ledger hardware device to manage your Keplr wallet, first ensure you have the Cosmos app open and unlocked on your Ledger device. Select Import Ledger and follow the on-screen prompts to connect. Skip to Step Two: Fund Keplr Wallet below and skip the funding steps, navigating directly to the Osmosis Lab.
  3. Copy your mnemonic seed phrase and store it somewhere safe
    Note: Ensure that you store your seed phrase somewhere safe where it cannot be lost or compromised. Your seed phrase is the master key to your wallet; loss or compromise of your seed phrase may result in permanent loss of your OSMO.
  4. Establish an account name and password, then select Next
  5. Confirm your mnemonic seed phrase and select Register

STEP TWO: FUND KEPLR WALLET AND TRADE FOR OSMO

  1. Open the Keplr wallet browser extension and select Deposit
  2. Copy the wallet address that appears. Navigate to the exchange or wallet where your Comsos ATOMs are stored and send your ATOMs to the Keplr wallet address you just copied. Your assets should now appear in your Keplr wallet.
    Note: If you prefer to use a supported asset other than ATOMs to procure OSMO, continue these steps but choose to deposit your preferred asset at Step 2.5 below.
  3. Navigate to the Osmosis application and select Enter The Lab
  4. Select Connect Wallet below the left menu and follow the on-screen prompts to connect your Keplr wallet
  5. Select Assets in the left menu, and next to Cosmos Hub - ATOM select Deposit
  6. Approve the connection to Osmosis in the Keplr wallet extension window that appears
  7. Your assets should appear shortly under My Osmosis Assets on the Assets page
  8. Select Trade in the left menu
  9. On the Trade page, enter ATOM as the From asset (or your preferred asset to use), and OSMO as the To asset
  10. Enter the amount of assets you would like to use, select Swap, and approve the transaction in the Keplr wallet extension window that appears

STEP THREE: STAKE YOUR OSMO TO BISON TRAILS

  1. Navigate to the Osmosis applicationand select Stake in the left menu to open the Keplr Osmosis Staking Page, or navigate to the page directly
  2. Find the Bison Trails validator in the validator list and select Manage

    Validator address: osmovaloper1q4mlwtw3ncve72na65xacck557wcknc8j0lmke

    Validator name: Bison Trails

  3. Select Delegate
  4. In the Bison Trails moniker row select Delegate
  5. Enter the amount of OSMO you would like to delegate, select Delegate, and approve the transaction in the Keplr wallet extension window that appears

Congratulations! You're now delegating to the Bison Trails validator!

Support

We are available to answer your questions 9am–6pm ET Monday-Friday. Please contact us: support@bisontrails.co



FAQ

The current annual reward rate for Osmosis is 160% per annum for validators. Each epoch (daily) 25% of released tokens will be issued to validators and their delegators as reward for their work participating in the chain’s security.

Inflation on Osmosis is structured around a “thirdening” model, with token issuance cut by one-third each year. Following the initial released supply of 100m OSMO in June of 2021, in year one 300m tokens will be released, in year two 200m, and so on, until a maximum supply of 1 bn OSMO issued is reached.

Slashing is enabled in Osmosis. A validator committing a slashable offense will result in loss of funds and missed rewards for both the validator operator and any delegators who have staked their OSMO to that validator.

There is no slashing for downtime, however, after 50 hours of downtime, validators are jailed and must wait for a cooling period to elapse (60 seconds) before submitting an un-jail transaction to rejoin the active set. While jailed, validators are not eligible to participate and earn rewards. However, a delegator may choose to redelegate their stake to a new validator at any time during which the validator to which they were delegated is jailed.

Double-signing results in a 5% slashing penalty deducted from the validator’s overall stake, including self-bonded and delegated tokens. The validator is also jailed and is not eligible to submit an un-jail transaction, effectively removing the validator permanently from participating in the network.

Bison Trails charges a percentage service fee on all rewards earned by tokens delegated to our public validator. The service fee is paid to Bison Trails automatically by the protocol. You can then withdraw your rewards from the protocol directly.

The Maximum Service Fee is the highest percentage that this validator’s Service Fee can ever be raised to, and the Maximum Service Fee Change is the most that the Service Fee can ever be changed in one day. While any Osmosis validator can choose to adjust their Service Fee, these two parameters cannot be changed and dictate how that fee can be adjusted.

Interested in delegating on other protocols?

Have tokens on other networks? Learn more about delegating to our public validators on Celo, Cosmos, Edgeware, Kusama, Livepeer, Ontology, Polkadot, Solana, and more. We also offer dedicated participation clusters.


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THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.

THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.

ANY USE OF BISON TRAILS’ SERVICES MAY BE CONTINGENT ON COMPLETION OF BISON TRAILS’ ONBOARDING PROCESS, INCLUDING ENTRANCE INTO APPLICABLE LEGAL DOCUMENTATION AND WILL BE, AT ALL TIMES, SUBJECT TO AND GOVERNED BY BISON TRAILS’ POLICIES, INCLUDING WITHOUT LIMITATION, ITS TERMS OF SERVICE AND PRIVACY POLICY, AS MAY BE AMENDED FROM TIME TO TIME.

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Questions?

Learn more about delegation in our guide to delegating digital assets.

If you have questions, or if you are interested in running a validator, please contact us. Our protocol specialists are happy to assist you.