How To Stake Your $CMDX Tokens Using Cosmostation
Over the weekend, Comdex went live with a “bang” by launching their LBP (Liquidity Bootstrapping Pool) on the wildly popular Osmosis AMM.
Their token, $CMDX, now trades at $2.21, after opening up around the $3 mark and swinging as high as $5.78 during the LBP event. Now that the dust has settled and price discovery has occurred, traders are now looking to maximize their investment by staking — a great way to yield even more profit and offset downside risk.
If you’re new to crypto or the world of DeFi, have no fear — we’ve got a guide to help you get started with earning those juicy yield rates.
Moving Your Tokens
Step 1: You can view your $CMDX balance on the assets page on Osmosis.
Your balance should be visible on the assets tab in osmosis.
Step 2: In the next step, you need to deposit your $CMDX from the Osmosis chain to the Comdex chain.
After you click “Deposit”, you will see this screen where you enter the amount to transfer.
Step 3: After you hit deposit, you will get a pop up from Keplr to add the comdex chain. Click approve and then approve the IBC transfer.
You can now view your $CMDX balance in the Comdex chain in Keplr.
Cosmostation & Staking Your $CMDX
Step 1: Download the Cosmostation app on the phone or go to https://wallet.cosmostation.io if you’re on a desktop.
Step 2: Select “connect wallet” on the top right corner, in the next pop-up, select keystation or select ledger if you want to connect your ledger.
Step 3: For now, we will select “connect to Keystation” and import your Keplr wallet by entering your name and Keplr seed phrase.
Step 4: Next, we’ll enter a key/PIN of our choosing — gotta keep those tokens safe!
Step 5: After successfully connecting, select the Cosmos network on the top right, then select the CMDX chain.
Step 6: Approve the next pop-up - you should now be connected to the CMDX chain on Cosmostation.
Step 7: To stake our $CMDX tokens, click on the “Delegate” button and select a validator with whom you wish to delegate — we’d love if you picked our GhostStake node 👻.
Step 8: Enter the amount you want to delegate and click “Generate and Sign Transaction”.
Step 9: After the transaction, you will get a successful transaction receipt.
Congratulations! You have successfully staked your tokens.
If you found this guide helpful, please consider staking your $CMDX with us! Your support keeps our nodes alive & further secures the ecosystem🤑👻