Stake Atom on Liminal

Created by Muskan Bhandari, Modified on Thu, 4 Jan at 12:06 PM by Muskan Bhandari

Atom, the native cryptocurrency of the Cosmos network, stands as a vital component in the blockchain landscape.

Facilitating the exchange of digital assets and data using the IBC (Inter-Blockchain Communication) protocol, Cosmos enables seamless asset and data transfer between blockchains through the Cosmos Hub.

This secure connectivity fosters faster adoption and liquidity for new Cosmos-based blockchains and their networks.

Benefits and Staking Parameters:

Staking Rewards Rate: 21.53%
Reward Frequency: Per Block (5 seconds)
Unbonding Period: 21 Days
Slashing Penalties: 5% for double signing, 0.01% for downtime
Auto-Compounding: No
Validator: Figment
Wallet Support: Multi-Sig

Staking with Liminal:

How to Stake?

Enable Staking: Reach out to our dedicated sales team at sales@lmnl.app to initiate staking for your organization.

Once the staking feature is enabled, you can proceed to create a wallet for staking purposes or enable an existing wallet for staking, only the admin or owner can enable a wallet for staking. Enabling a wallet, whitelists the validator address on that wallet, so that wallet members can initiate staking transactions. This is an added security feature, that helps prevent accidental stakes on incorrect addresses.
For a comprehensive guide on setting up a cold wallet, please refer to our tutorial on How to Setup Cold Wallet.
Start Staking: After creating your wallet, navigate to the Staking menu, select "Start Staking," choose your wallet, and click "Enable Staking."

How to Unstake?

Unstake Your Staked Balance: After the 21-day lock-in period, initiate the unstaking process by clicking the "Unstake" button and signing the transaction. You can partially unstake your balance.
Claim Rewards: Use the claim button to claim rewards, which will immediately reflect in your available balance. You can restake these rewards after claiming.

Special Considerations:

Support for partial stake and unstake amounts
Ability to withdraw rewards while actively staking
Caution against staking the entire balance due to potential gas fees
Atom staking accessible through Liminal Multisig Wallets only

At Liminal, we're dedicated to offering a seamless and user-centric staking experience for Atom.
If you have any questions or need assistance during your staking journey, our dedicated support team is here to help.
Your success in the Atom staking realm is our priority.
Explore and maximize your stake with Liminal! ?