Staking Celestia (TIA) offers a unique way to support a revolutionary blockchain network while earning rewards. As the first modular blockchain, it allows anyone to launch their blockchain with ease and flexibility.
Unlike traditional blockchains, this token separates the core functions, making it more scalable and efficient. It introduces data availability sampling to improve security and decentralisation.
By staking Celestia, you help secure the network and can benefit from its innovative approach. This guide will help you stake Celestia step-by-step.
How to Stake Celestia (TIA)
Staking Celestia involves securing the network while earning rewards. Celestia uses a proof-of-stake model built on the Cosmos SDK, which allows holders to delegate their TIA tokens and participate in network security and governance.
By staking TIA, you can help validate transactions and vote on key proposals that shape the future of the network. Use compatible wallets like Keplr, Leap, or Gem to stake TIA.
Each wallet provides an easy interface to delegate your tokens to a validator of your choice. Follow the steps below to stake your TIA in your chosen wallet and start earning rewards.
Stake Celestia With Keplr Wallet
Staking Celestia using the Keplr wallet is simple and secure. Follow the steps below to start staking the tokens:
Step 1: Open Keplr and Access the Staking Dashboard
First, open your Keplr browser extension. Navigate to the “Staked” section and click “Stake with Keplr Dashboard.” This will open the Keplr staking dashboard in a new browser tab.
Step 2: Choose the Celestia Network and a Validator
In the Keplr dashboard, select the “Celestia” network. Browse through the list of validators and pick one that suits your preferences. Validators play a crucial role in maintaining network security, so choose wisely based on their performance and fees.
Step 3: Stake Your TIA Tokens
Once you select a validator, enter the number of TIA tokens you wish to stake. Click on “Stake” to proceed. A Keplr popup will appear, asking for your approval. Click “Approve” to complete the staking transaction.
Step 4: Confirm and Manage Your Staked TIA
After the transaction is confirmed, you will see an overview dashboard showing your staked TIA tokens. From here, you can manage your staked tokens, claim staking rewards, unstake, or redelegate to another validator. Managing your staking positions helps maximize your potential rewards.
Stake Celestia With Leap Wallet
Follow these steps to stake your TIA tokens via the Leap wallet:
Step 1: Open Leap Wallet and Access Staking
Begin by opening your Leap browser extension. At the top right corner, select the “Celestia” network. Once selected, navigate to the “Stake” section. Click the “+Stake” button to proceed to the next step.
Step 2: Choose a Validator and Stake TIA
On the staking screen, select a validator that aligns with your staking preferences. Enter the number of TIA tokens you want to stake. Click on “Review” to check all transaction details. After reviewing, confirm by selecting “Stake.” Wait for the transaction to be finalised on the blockchain.
Step 3: Confirm and Manage Your Staked TIA
Once the transaction completes, you will see a dashboard overview displaying your staked TIA tokens. You can manage your staked tokens from here, including claiming rewards, unstaking, redelegating, or staking additional tokens to maximize your staking benefits.
Stake Celestia With GEM Wallet
Here’s how you can stake TIA tokens with GEM wallet:
Step 1: Open GEM Wallet and Access Staking Options
Launch the GEM Wallet app on your device. Navigate to the “Celestia” section and click on the “Stake” option to start the staking process.
Step 2: Enter the Amount and Choose a Validator
Input the number of Celestia (TIA) tokens you want to stake. Browse through the available validators and select one that matches your staking preferences and goals. This choice is crucial, as it influences your staking rewards and the network’s security.
Step 3: Confirm Your Staking Details
Review the terms of the network, including validator commission rates and other relevant details. Once satisfied with the conditions, click on “Confirm” to initiate the staking transaction. Ensure everything looks correct before finalizing.
Step 4: Manage Your Staked TIA Tokens
After the transaction goes through, you will gain access to a management dashboard within GEM Wallet. This dashboard lets you track your staked tokens, unstake, claim rewards, redelegate to a different validator, or add more TIA tokens to your staking pool as you see fit.
Also read: How to Stake TomoChain (TOMO)
Popular Video Guides on Staking Celestia (TIA)
Best Places to Stake Celestia (TIA)
Keplr Wallet is a user-friendly, non-custodial wallet designed for the Cosmos ecosystem. It enables users to securely store, manage, and stake their ATOM tokens and other assets on various blockchains within the Cosmos network. Keplr is known for its seamless integration with decentralized applications (dApps) and provides an intuitive interface for both beginners and experienced users.
Pros
- Supports multiple Cosmos-based tokens.
- Easy-to-use interface for staking and managing assets.
- Direct integration with numerous dApps.
- Secure, non-custodial storage of assets.
Cons
- Limited support for non-Cosmos tokens.
- The mobile app lacks advanced features available on the desktop.
- Occasional connectivity issues with certain dApps.
2. Leap Wallet
Leap Wallet is a versatile, non-custodial wallet also designed for the Cosmos ecosystem. It allows users to store, manage, and stake various Cosmos-based tokens securely. Leap Wallet offers a smooth user experience with its clean interface and easy-to-navigate features. It supports integration with multiple decentralized applications, making it a preferred choice for Cosmos network users.
Pros
- User-friendly interface for staking and managing tokens.
- Seamless integration with decentralized applications.
- Provides robust security for user assets.
Cons
- Advanced features are mostly available on the desktop version.
- Occasional sync issues with certain dApps.
3. Gem Wallet
Gem Wallet is a secure digital wallet tailored for storing, managing, and staking various cryptocurrencies. It offers an easy-to-navigate interface, making it suitable for both novice and experienced users. The wallet supports multiple blockchains, allowing users to stake and interact with a broad range of tokens directly from the platform.
Pros
- Supports a wide variety of cryptocurrencies across multiple blockchains.
- User-friendly interface for seamless staking.
- Strong security features, including multi-factor authentication.
- Convenient integration with decentralized exchanges (DEXs).
Cons
- Limited customer support options.
- Occasional delays in transaction processing.
- Advanced features may be confusing for beginners.
Also read: Can a delisted crypto be listed again?
Benefits of Staking Celestia (TIA)
By staking TIA, you contribute to the security and decentralisation of the Celestia network, while also earning rewards. Here are the key benefits:
Earn Passive Income
Staking TIA allows you to earn regular rewards, providing a steady stream of passive income. These rewards are distributed based on the amount of TIA you stake, making it a lucrative opportunity for long-term holders.
Support Network Security
When you stake TIA, you actively participate in securing the Celestia network. Your staked tokens help validate transactions and maintain the network’s integrity, contributing to its overall stability.
Enhance Decentralisation
By staking TIA, you play a role in promoting decentralisation within the Celestia ecosystem. The more distributed the staking power, the more resilient and decentralised the network becomes, reducing the risk of centralisation.
Voting Power and Governance
Staking TIA gives you voting power in the Celestia network’s governance decisions. You can influence important protocol changes and help shape the future direction of the network, ensuring it aligns with the community’s interests.
Frequently Asked Questions
How To Buy Celestia Token?
The easiest way to buy Celestia tokens is through US Dollars. Celestia is available for USD on major exchanges like Coinbase, Bitfinex, and Kraken. You can deposit your fiat currency using debit/credit cards or wire transfers and purchase the desired number of TIA tokens.
Can You Mine Celestia Token?
No, you cannot mine Celestia tokens. Celestia is a layer-2 network that doesn’t use a proof-of-work consensus mechanism. Instead, it uses a delegated proof-of-stake (DPoS) system where validators stake their tokens to secure the network. Celestia tokens are primarily acquired through staking or purchasing them on cryptocurrency exchanges.
What Are The Risks Of Staking Celestia Token?
While staking Celestia offers potential rewards, it also involves risks. These include:
- Smart Contract Vulnerabilities: Bugs in the staking contract could lead to losses.
- Market Volatility: The value of Celestia tokens can fluctuate significantly, affecting rewards.
- Network Outages: Technical issues could disrupt staking and reduce rewards.
- Regulatory Uncertainty: Changes in regulations could impact staking activities.
How Much Time Do You Need To Earn Rewards From Celestia Staking?
Celestia’s staking rewards are determined by the network’s consensus mechanism and your stake. Generally, you can expect to start earning rewards within a few days of staking your CEL tokens. The exact timeframe may vary depending on network conditions.
