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How To Stake XTZ on Tezos Using 5 Extremely Easy Steps?
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How To Stake XTZ on Tezos Using 5 Extremely Easy Steps?
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Oct 16 , 2018 · 2 min read
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Tezos Delegation Tutorial

What is Tezos (XTZ)?

Tezos is a blockchain designed with an innovative self-amending mechanism that allows the network to expand and adapt to new technologies via on-chain governance. XTZ (Tezos native token) fuels this ecosystem by acting as a currency for transactions, staking to secure the network, and empowering token holders to participate in shaping Tezos' future through voting on upgrade proposals.

How to Stake XTZ on Tezos with InfStones?

Do you want to delegate your XTZ, the native token of the Tezos blockchain, and earn a passive income? Here is a step-by-step delegation guide (using Galleon Wallet) if your answer is yes.

This guide is structured into two parts, Setup the Galleon Wallet & Delegate your XTZ to a validator

Step 1: Download the Galleon Wallet

Before you can stake your XTZ, you need a wallet to manage your operations. We suggest using the Galleon Wallet as it makes interacting with the Tezos blockchain quite simple. Visit this link and click “ Download”

Tezos Delegation Tutorial

Step 2: Setup the Galleon Wallet

When you open the Galleon App on your computer, you have several options to choose from:

  • Open an existing wallet
  • Create a new wallet
  • Connect with ledger

We recommend choosing option B) for the new Galleon Wallet Users.

Tezos Delegation Tutorial

Let’s walk through the process to create a new wallet. Time to set up your password for this wallet, and click “ Continue”

Tezos Delegation Tutorial

Copy your seed phrase during this step and make sure it’s stored in a safe place.

Tezos Delegation Tutorial

Type in the required seed words to verify your account and click “ Next “ to finish the process

Tezos Delegation Tutorial

Make sure to safely store your mnemonic seed phrase & do not share it with anyone — whoever has access to this, ultimately has access to your funds!

Step 3: Fund your account

Once you set up Galleon, make sure your account is properly funded. To fund your account, send the desired amount of XTZ to your “ Manager Address” (e.g. transfer XTZ from an exchange to your wallet).

Tezos Delegation Tutorial

Step 4: Select a Validator

Now that you set up Galleon and properly funded your account, you are ready to start the delegation process. Galleon is divided into four main tabs: Transactions, Send, Receive, and Delegate. Head over to the “Delegate” tab in order to start the delegation process.

Tezos Delegation Tutorial

Step 5: Delegate Your Tokens to InfStones

Paste our Baker address in the “Change Delegate to New Address” input field.

InfStones Baker Address: tz1awXW7wuXy21c66vBudMXQVAPgRnqqwgTH

You can leave the fees as they are. Then click “Change Delegate”.

Tezos Delegation Tutorial

Confirm the transaction and that’s it. Yay!

Why Stake with InfStones?

User-centric experience:

  • Intuitive staking experience with graphic interface.
  • Seamless integration with various wallets.
  • Standardized and consistent logic across different protocols.

Secure and reliable infrastructure:

  • 2000+ service days with 0 slashing.
  • Non-custodial staking.
  • Trusted by Binance, CoinList, BitGo, OKX and more.

Comprehensive support and resources:

  • 24/7 professional support.
  • Extensive guiding documentations.
About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.