How to stake Injective tokens (INJ) using Keplr Wallet
This is a guide for users to learn step-by-step how to stake their INJ tokens using Keplr web wallet. Before explaining how to stake, let’s first look at what is Injective and how to buy INJ tokens.
1. What is Injective and INJ token?
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications. Injective offers a completely decentralized order-book exchange with advanced functionalities such as cross-chain margin trading, derivatives, forex, synthetics, and futures trading.
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective uniquely provides developers with powerful plug-and-play financial infrastructure primitives, such as a high performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm.
Injective is built with the Cosmos SDK and leverages a Tendermint-based Proof-of-Stake consensus mechanism, which allows it to achieve instant transaction finality while sustaining lightning-fast speeds (25,000+ TPS).
2. How to buy INJ tokens?
INJ tokens are listed on a number of well-known exchanges. You can buy INJ tokens on Coinbase, Binance, Kraken, Kucoin, Huobi, Gate.io, etc
HOW TO STAKE INJ tokens?
INJ tokens staking is quite straight-forward and simple using Keplr. Let’s look at how to stake INJ tokens with Ubik Capital step-by-step via Keplr web browser extension.
Staking INJ tokens via Keplr Web Browser Extension Wallet
Keplr is a non-custodial blockchain wallet for web pages that allows users to interact with blockchain applications. Keplr Wallet is the first and leading IBC-enabled wallet for the Injective ecosystem.
Let’s start with step-by-step staking guide with Keplr web wallet.
1- Go to Keplr Website & Install Keplr Browser Extension
In order to stake INJ tokens, you need to go to https://keplr.app/ and download the Keplr chrome extension by clicking the download button on the website:
2- Create or Import Existing Account Using Keplr
After installing the Chrome extension, you need to either create a new wallet or import an existing one. We will proceed by creating a new wallet. After clicking on the extension on Chrome, click on the “Create new account” button on the page that opens:
After clicking on the button, you need to set up a password and save the mnemonic seed. Then click next. (PLEASE NOTE THAT IF YOU LOSE YOUR MNEMONIC SEED, YOU WON’T BE ABLE TO GET ACCESS TO YOUR WALLET. DO NOT SHARE YOUR MNEMONIC SEED WITH ANYONE AND SAVE IT IN A WAY YOU WON’T LOSE IT.)
The wallet is successfully created. Now you can stake INJ tokens with your wallet.
3- Staking INJ tokens Using Keplr Wallet
After creating the wallet, go to https://wallet.keplr.app/ and click on the “Chains” button on the main page to switch to Injective:
You will see the “Injective” at the bottom of the list of the chains. Click on the “Injective”:
On the right side you will see your balance.
If you haven’t stake it before, you can simply search for Ubik Capital by typing “Ubik” in the search box and clicking on “Ubik Capital” to select it:
After selecting Ubik Capital as your validator, click on the “Delegate” button on the appearing page:
You need to enter the amount of INJ tokens you want to stake on the next page. After entering the amount, click on the “Delegate” button (Please note that staking will lock your funds for 21 days):
Congratulations, you staked your INJ tokens using Keplr web wallet successfully!