Injective Staking Guide: How to Stake INJ Using MetaMask
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Injective is an innovative, open, and interoperable Layer-1 blockchain designed for decentralized finance (DeFi) applications. It bridges traditional finance with blockchain technology by enabling the tokenization of real-world assets (RWAs) and providing developers with tools to create advanced financial products.
By staking your INJ tokens, you can actively contribute to securing the Injective network while earning rewards in return. This guide focuses exclusively on staking INJ tokens using MetaMask, one of the most widely used cryptocurrency wallets.
Step by Step Staking Guide
Disclaimer: This guide is a technical guide to a possible approach to the staking process and is not financial investment advice. Telekom MMS is not liable for any losses that may occur as a result of staking via the Injective Protocol network or any other staking process.
To stake INJ, you will need to have e.g. the MetaMask wallet. There are other compatible wallets that can be used.
1. Deposit INJ into your wallet
You can deposit INJ into your wallet from an exchange or by transferring it from another wallet. There are platforms for the purchase of INJ Tokens.
Keep a small amount of INJ for transaction fees (typically less than 0.1 INJ).
2. Staking INJ with MetaMask
Log In to MetaMask.
- Go to https://hub.injective.network/
- Click "Connect Wallet" in the top-right corner
- Choose Metamask and connect
- Navigate to Staking: On the dashboard, click “Staking” in the menu
3. Choose a Validator
You will need to choose a validator to stake your INJ with. A list of validators helps with the selection of a suitable provider. The following factors should be taken into consideration:
- Reputation: Choose a validator with a good reputation.
- Fees: Some validators charge fees for staking. Choose a validator with fees that are acceptable to you. The average commission fee is 5%.
- Uptime: Choose a validator with a high uptime. This means that the validator is online and available most of the time.
If you would like to stake with us, explore our validator under these details
Validator: injvaloper1nngrhnm65wm8pu7wkah6hfs3vpd0xw463ydd65
Link to our validator:
https://hub.injective.network/validators/injvaloper1nngrhnm65wm8pu7wkah6hfs3vpd0xw463ydd65
4. Delegate Staking Amount
- Click "Delegate Now" on the dashboard
- Specify the amount of INJ tokens you want to stake. Ensure you leave a small amount in your wallet to cover transaction fees.
- Click “Delegate” and confirm the transaction.
5. Managing Your Staked INJ
Track Rewards: Rewards are automatically added to your staked balance and can be compounded for future returns.
Unstake Tokens:
- To unstake, go to the “Staking” section, select your validator, and click “Unstake.”
- Note: Unstaking requires 21 days waiting period before tokens become liquid.
Related links
- Deutsche Telekom MMS Goes Live as Validator on Injective Blockchain | Corporate News
- How does the blockchain of the future look like? | Interview with Dirk Röder,responsible for the Web3 infrastructure & solutions team at Deutsche Telekom MMS
- Stake your crypto assets and get rewards. | Telekom Staking - Reliable infrastructure for Web 3.0.