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 โ Downloadโ
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.
Letโs walk through the process to create a new wallet. Time to set up your password for this wallet, and click โ Continueโ
Copy your seed phrase during this step and make sure itโs stored in a safe place.
Type in the required seed words to verify your account and click โ Next โ to finish the process
Make sure to safely store your mnemonic seed phrase & do not share it with anyone โ 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 โ Manager Addressโ (e.g. transfer XTZ from an exchange to your wallet).
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 โDelegateโ tab in order to start the delegation process.
Step 5: Delegate Your Tokens to InfStones
Paste our Baker address in the โChange Delegate to New Addressโ input field.
InfStones Baker Address: tz1awXW7wuXy21c66vBudMXQVAPgRnqqwgTH
You can leave the fees as they are. Then click โChange Delegateโ.
Confirm the transaction and thatโs 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.
InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStonesโ 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.
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