Overview

Persistence acts as a bridge between traditional finance and decentralized finance (DeFi). Using Persistence, non-native crypto institutions can easily participate in the DeFi ecosystem for better access to financing and crypto-native DeFi investors get a better selection of yields. Persistence is building a full suite of financial products for institutional and native crypto users alike that will eventually intertwine and blur the lines between traditional finance and DeFi.

Please note that the unstake period is 21 days. This means that you can only unstake and withdraw coins to your wallet after this time has passed. We wish you profitable staking!

How to stake

1. Install Keplr Wallet Extension

In case you don't have the keplr extension installed in your browser visit https://www.keplr.app/ and click on Install extension.

Click on Install Keplr for Chrome if you are using a Chrome browser or Brave if you are using the Brave browser and follow the installation instructions.

2. Create/Import Account

Click on the extension in the Chrome/Brave toolbar and the following page will open up.

In case you do not have an existing Keplr account you can create a new account

You will be shown 12 words as your mnemonic seed. Select24 words option for a more secure mnemonic. Back it up securely (read the warning below)

Back up your mnemonic seed securely.‍

• Anyone with your mnemonic seed can take your assets.
• Lost mnemonic seed can't be recovered.

Enter an account name and a passphrase to unlock your wallet. You will be asked for the mnemonic again. Enter the 24 words in order. This is to make sure you remember the mnemonic.

Finally, click on Next to create your account.

3. Log in to your account

Regardless of whether you already have an account or if you created it just now you may now click on the extension to view your address or visit https://wallet.keplr.app/#/akashnet/stake to see the full dashboard.

4. Stake your XPRT

If you don't already have XPRT in your account fund it with some tokens. You may use an exchange to transfer the XPRT tokens to your address or get it from someone who already holds those.

To stake click on the Persistence network in the left panel and click on Stake

You will be shown a list of validators with whom to stake on the right side. Scroll to Chorus One and click on Manage.

A modal with Chorus One's description will pop up. Click once on Delegate to enter the amount of tokens you want to stake.

Clicking on Delegate again will take you to Keplr wallet for approval. Approve the transaction and you will be able to see your stake.

There is a 21-day unbonding process for staked XPRTs during which delegator XPRTs do not earn rewards and cannot be transferred, exchanged, or spent. XPRTs can, however, be slashed during the unbonding period.

5. Claiming rewards

After some time you will see rewards getting accumulated in your account. You can simply go to the Keplr extension to claim them.

This resource can also be found on our Blog under: https://chorus.one/articles/how-to-stake-xprt-persistence‍