Exodus Cosmos Staking FAQ

Everything you need to know about Cosmos Staking using ATOM inside of your Exodus wallet.

In this article


What is Cosmos Staking and how can I benefit from it?

Staking your ATOM is a great way to earn passive income in the form of staking rewards. Rewards are paid out in ATOM. You can view it as earning interest on your crypto holdings. With Cosmos, staking means you agree to lock up an amount of your ATOM that you choose for a certain period of time, during which they are unspendable. However, you can unlock your ATOM whenever you choose.

By Staking your ATOM, you actively support the Cosmos network by allocating resources to it and contribute to the stability of the Cosmos network. In return for your support, you earn ATOM as a reward!


What actually happens when I Stake my ATOM?

In order to stake your ATOM, what you are really doing is delegating an amount of your ATOM to a so-called "validator", this makes you a “delegator”. The Cosmos validators validate and approve transactions on the Cosmos blockchain. The more ATOM that is delegated to them, the more transactions they get to validate and the more powerful they become. By delegating your tokens to them, you basically "vote" for and signal your trust in them.

The more transactions a validator validates, the more money they earn. From the earned rewards, they give back to all the people who delegated their ATOM to them. This is how you earn your interest.


How does Staking work?

When you Stake your ATOM, you are able to choose how much of your ATOM you want delegate to the Validator. You can stake any amount of ATOM for which you immediately start accumulating rewards on. During this time, you will only be able to perform transactions with your unstaked amount of ATOM inside your wallet.


How does Unstaking work?

When you decide to unstake your ATOM, again you can choose the amount you want to unstake. The amount you choose to unstake will now become unbonding and you will need to wait 21 days for you to be able to use it again.

Please note: When you unstake some ATOM this amount becomes unbonding. This means that from any given Validator you can at most unstake 7 times in a 21 day period (if you try more the unstake will fail). You must wait for one of the previous unstaking entries to expire.


Which Validator will I be delegating my funds to?

When you Stake your ATOM inside of Exodus, you will be supporting our partner Everstake.


How much can I earn from Staking my ATOM?

If you choose to Stake your ATOM, you can expect to earn around 8.37% per year of the Staked amount. However, this amount can change with time but you can find the latest yield here: Cosmos staking rewards


What is the minimum amount I need to start staking?

There is no required minimum!


Does Exodus charge a fee to Stake my ATOM?

No, Exodus does not charge a fee! There are a couple of Cosmos network fees:

The first fee is a transaction fee to send the delegation transaction when you stake your ATOM. You will pay another transaction fee if you decide to stake some more ATOM later on.

The second fee is also a transaction fee every time you claim your ATOM rewards.


When will I start earning rewards?

You will start to earn rewards on the staked amount instantly!


Is staking ATOM safe?

Staking your ATOM is done in a non-custodial way in Exodus. That means that it is as safe as simply holding them in your wallet. You keep full control over your tokens while they are staked and you're even free to unstake your funds whenever you choose.

So instead of letting them sit idly in your wallet, you might as well put them to good use and let them earn rewards for you!


How do I Stake/Unstake my ATOM inside of Exodus?

Desktop:

Stake

Staking in Exodus is super easy! All you have to do is click on the three dots in the top right of your Cosmos wallet, then click on Earn Rewards

Then simply click enter the amount of ATOM you want to stake and click on the button Stake ATOM:

Unstake

If you change your mind you can unstake your ATOM anytime. In order to do that, simply open the Earn Rewards section again. Now you can choose to unstake an amount of your choice then click Unstake ATOM or just click the button Unstake All My ATOM to quickly unstake the total amount.

Please note: When you unstake some ATOM this amount becomes unbonding. This means that from any given Validator you can at most unstake 7 times in a 21 day period (if you try more the unstake will fail). You must wait for one of the previous unstaking entries to expire. Please remember that you will need to wait 21 days for you to be able to send this ATOM.

Mobile:

Stake

Staking in Exodus is super easy, please follow the steps below:

1
First open your Cosmos wallet inside of Exodus on your mobile, then tap on the gear icon in the top right corner to open the Cosmos advanced drawer.
2
To start delegating your ATOM just enter an amount of ATOM you want to stake and tap on Start ATOM.

Unstake

If you change your mind you can unstake your ATOM anytime. In order to do that please follow the steps below:

1
First open your Cosmos wallet inside of Exodus on your mobile, then tap on the gear icon in the top right corner to open the Cosmos advanced drawer.
2
To stop delegating your ATOM you can choose to unstake an amount of your choice then tap  Unstake ATOM or just tap the button  Unstake All My ATOM to quickly unstake the total amount.

Please note: When you unstake some ATOM this amount becomes unbonding. This means that from any given Validator you can at most unstake 7 times in a 21 day period (if you try more the unstake will fail). You must wait for one of the previous unstaking entries to expire. Please remember that you will need to wait 21 days for you to be able to send this ATOM.

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us