How to Stake LORE
1. Navigate to https://wallet.keplr.app/
2. Click the Search Chains field and type Gitopia
3. Click Gitopia
4. Click Stake
5. Click the Search for validator field and type Coinage x DAIC
6. Click Coinage x DAIC
7. Click Stake
8. Click Continue Staking
9. Click the Amount field, enter the number of LORE tokens you want to stake
10. Click Stake
11. Approve the Keplr wallet transaction pop-up
12. Congratulations! Your LORE tokens have been staked
Gitopia (LORE) Staking FAQ
How much can I make staking LORE?
The return from staking LORE varies based on the network's overall staking participation and specific validator commission and protocol revenue share.
How do I receive my LORE rewards?
LORE rewards need to be claimed. Visit the Keplr dashboard to claim your staking rewards
When can I start earning rewards with LORE?
You can start earning staking rewards once your tokens are successfully delegated to a validator
Can I sell LORE while it is locked up?
Staked LORE tokens cannot be sold, they need to be unstaked first. The unstaking period for LORE is 21 days
What are the risks around staking LORE?
Staking LORE comes with risks like slashing (penalty for the validator), price volatility, and liquidity risk (inability to sell during the lock-up period).
What consensus algorithm does LORE use?
Delegated-Proof-of-Stake (dPoS)
What are the tokenomics of LORE?
Read all about LORE tokenomics here
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.
