HomeCoinsMettalex (MTLX)How to Stake With the Browser Extension Wallet | by Fetch.ai |...

How to Stake With the Browser Extension Wallet | by Fetch.ai | Fetch.ai | Dec, 2021

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Fetch.ai
How to Stake With the Browser Extension Wallet | by Fetch.ai | Fetch.ai | Dec, 2021

Dear Fetch.ai community,

Many of you have asked if the Fetch.ai Browser Extension Wallet could be used for staking for the sake of simplicity, or even just so you don’t have multiple Mainnet addresses. Whatever the reason, we would like to announce that it is now possible to do so! In this guide, we will explain how you can go about staking using the Browser Extension Wallet and hopefully help bring many more users to staking on Mainnet.

Disclaimer — please note the following:

  1. As we have been campaigning for decentralization of the network over the past few months and made a lot of progress, we would appreciate if you could consider staking outside of the top 10 validators and spreading your stake across multiple validators so that plans for Q4 can continue as necessary and the network is more secure for everyone in general.
  2. For viewing more information about validators such as their voting power, self bonded rate, uptime, active/inactive validators at any given moments time on the network, descriptions about them (such as their website), and contact information, head over to this web page and click on the validator profiles, for a visualization of the validators voting power (more is NOT better) check out this page.
  3. Don’t forget to leave at least 1 $FET undelegated, as some amount of $FET is necessary to pay for gas fees when completing any transactions on Mainnet. The fee is extremely minimal, but it is still important to make sure you retain a few FET to pay for any gas fees.

Steps for staking with the Fetch.ai Browser Extension Wallet:

  1. Ensure you’ve installed the Fetch.ai Browser Extension Wallet on your browser and that you’re already logged into it.
  2. Next, head over to the Fetch.ai Validator Explorer page and click the “Connect” button in the top right of the web page.
  3. Now, choose a validator outside of the top 10 that you wish to delegate to and click “+Stake”.
  4. In the pop-up that appears, enter the amount of $FET you want to delegate and click “Stake”.
  5. You should now be prompted to pay the gas fee for the transaction and you can do so by selecting “Approve” and then you’re done.

Steps for unstaking/removing stake with the Fetch.ai Browser Extension Wallet:

  1. Click on your wallet address on the top right of the web page and you’ll be taken to your staking dashboard.
  2. Scroll down to “Delegations” and click “Remove Stake
  3. In the pop-up, enter the amount of $FET you wish to unbond, then click “Remove Stake
  4. You should now be prompted to pay the gas fee for the transaction and you can do so by selecting “Approve” and then you’re done.

On the staking dashboard you can also claim your staking rewards, redelegate your stake with this guide, and even enroll in the Mobix stakedrop (until December 20th 2021) if you follow their guide.



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