You have journeyed into the heart of Berachain and earned your first $BGT tokens. Now, it's time to take the next step on your adventure: Staking. This guide will navigate you through the simple process of staking and set you on the path to maximizing your rewards.
Key Takeaways
- Stake $BGT and get rewards: Contribute to the security of the Berachain network and get passive income by delegating your $BGT.
- Delegating to a validator is easy: Learn the simple steps to delegate your $BGT tokens.
- BGT Station is your staking hub: find validators, manage your delegations, and claim rewards.
If you're interested in Berachain, explore our dedicated section filled with blog posts and comprehensive guides: https://daic.capital/blog/category/Berachain
Why to Stake $BGT?
Staking in $BGT is more about active participation in the network than passively earning rewards. By delegating $BGT, owners can actively participate in securing the blockchain, which means they can receive part of the shared network's rewards. In that way, this also supports the validators who are dedicated to developing and securing the ecosystem of Berachain.
Before You Start:
You'll need $BGT: Remember, you can only earn $BGT by providing liquidity, such as on BeraSwap (BEX) or borrowing $HONEY on BEND.
You'll need a compatible wallet: You should have a wallet, for example MetaMask, that must be pre-created and connected to Berachain.
Let's Get Staking: A Step-by-Step Guide
Ready to stake your $BGT and start earning rewards? Here's how to delegate tokens to the validator:
Step 1: Access the BeraHub
Let's start by going to “BeraHub” and connecting the wallet related to Berachain. This is the central hub for all things related to $BGT, including staking and governance.
Once you've connected your wallet, right on the home page, just below, you'll see the “All Vaults” and “My Vaults” tabs. We need the “My Vaults” tab, where you will see the reward vaults you participate in and your reward in $BGT tokens.
If you haven't done so before, go to each of the pools and click "Claim Rewards". You will receive $BGT tokens, that we’re going to stake.
Step 2: Locate the Validator
On the BeraHub dashboard, navigate to the "Validators" section. Here, you'll find a list of active validators who play a crucial role in Berachain network. Take your time to explore the different options.
While you're welcome to choose any validator, we, at DAIC Capital, would be honored to have your support. You can easily find us on the list as “Coinage x DAIC”.
Step 3: Initiate Delegation
Once you've found “Coinage x DAIC”, click on the profile to view the details. Then, click on the "Delegate +" button.
Step 4: Enter Delegation Amount
In the pop-up window, enter the amount of $BGT you wish to delegate to DAIC. Carefully review the details before proceeding. Click on "Queue Boost". This initiates the delegation process and places your request in a queue.
Step 5: Confirmation
Important: The queue takes a couple of hours to process. This is a standard part of Berachain's delegation system.
Once the queue time has elapsed, you'll see a "Confirm" button. Click it to finalize your delegation. Sign the transaction with your wallet to complete the process.
Congratulations! You've now delegated your $BGT.
Why Choose DAIC?
We're, at DAIC Capital, your partner in the ecosystem of Berachain. We provide value with non-custodial staking and high Web3 infrastructure security, committed to rewarding your staking experience. Here is what we offer when you delegate your $BGT to us:
- Proven Track Record: We're a trusted validator on 40+ blockchain networks, managing over $322 million in staked assets for 30,000+ delegators.
- Top-Tier Security: Our enterprise-grade infrastructure ensures maximum uptime and security for your staked $BGT.
- Insurance Fund: As further reassurance, our Slashing & Insurance Fund also covers up to 80% of the potential losses resulting from downtime or slashing.
- Community Focus: We're dedicated to the Berachain community and committed to providing the support you need.
In other words, delegating to DAIC means choosing a reliable, secure, and experienced partner who is committed to your success in the Berachain ecosystem.
The information provided by DAIC, including but not limited to research, analysis, data, or other content, is offered solely for informational purposes and does not constitute investment advice, financial advice, trading advice, or any other type of advice. DAIC does not recommend the purchase, sale, or holding of any cryptocurrency or other investment.
