How to stake your $FET tokens with BlueStake, to help secure the Fetch.ai network, and earn rewards.
Disclaimer: The information contained in this article and the resources available do not constitute financial advice and should not be construed as such.
What is Fetch.ai?
Fetch.ai is an innovative blockchain platform that combines machine learning, artificial intelligence, and decentralized technologies to create a robust and dynamic ecosystem.
Fetch.ai provides an open infrastructure for building smart, autonomous services. Using Fetch.ai technology, it is possible for the technically curious to deploy AI Agents to create intelligent connections between each other and real world systems and devices.
Fetch.ai tooling is fully composable to allow for freedom of exploration, from simple AI-driven coordination tasks to complex business logic. Fetch.ai is a playground for discovery. Come and build a new economy with us!
Fetch.ai’s technology has already been applied across various industries: Energy, Healthcare, Finance, Transport…
Why stake my tokens?
Crypto-currency staking consists of locking native tokens (such as FET) into a Proof-of-Stake blockchain in order to secure the network. You earn rewards for doing so.
As soon as you stake your tokens, you start earning rewards every block. At any time, you will be able to claim your staking rewards directly on your wallet.
In addition, staking allows you to participate in the governance of the Fetch.ai ecosystem, giving you a voice in key decisions and developments.
How to Stake my FET?
Staking your $FET tokens is a straightforward process. Follow these steps to get started:
- If you don’t have a Keplr Wallet, you can download it from the Google Chrome store.
- Create a new Wallet, or import an existing one using its mnemonic. You can follow our complete guide.
- Open browse-fetchhub.fetch.ai in your browser and connect your wallet. Fetch.ai will be added to Keplr if needed.
4. You can now find your Fetch.Ai deposit address directly in Keplr:
5. Deposit your FET in Keplr Wallet from a centralized exchange (such as Binance) or buy them on a decentralized exchange (such as Osmosis).
6. You can now stake your tokens using browse-fetchhub.fetch.ai interface. Choose the validator of your choice from the list, and click on the “Stake” button.
6. Next, a popup is displayed, allowing you to choose the amount of FET you want to stake. Confirm by clicking on “Stake”:
7. Congratulations, your FET tokens are now staked and generating rewards. You can claim them directly by clicking on your wallet address in the top right of the page:
