Do you want to delegate your XYZ, 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
Part 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
Step One: Install Galleon
Visit this link and click “ Download”
Step Two: Setup the Galleon Wallet
a) When you open the Galleon App on your computer, you have several options to choose from:
A) open an existing wallet
B) create a new wallet
C) connect with ledger
We recommend choosing option B) for the new Galleon Wallet Users.
b) Let’s walk through the process to create a new wallet. Time to set up your password for this wallet, and click “ Continue”
c) Copy your seed phrase during this step and make sure it’s stored in a safe place.
d) Type in the required seed words to verify your account and click “ Next “ to finish the process
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 Three: 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).
Part 2: Delegate your XTZ to a validator
Now that you set up Galleon and properly funded your account, you are ready to start the delegation process.
Step Four: Navigate to the “Delegate” tap
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.
Step Five: Delegate Your Tokens to InfStones
a) Paste our Baker address in the “Change Delegate to New Address” input field.
InfStones Baker Address:
b) You can leave the fees as they are. Then click “Change Delegate”.
Confirm the transaction and that’s it. Yay.
If you have any questions during the staking process, please feel free to reach out to us using our social media channels as below
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.
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