How to stake EOS via the Bloks.io proxy in the Scatter desktop wallet and get 2% — 4% per annum
Tags: Blockchain, Eos, Staking Guide, Staking, Cryptocurrency

How to stake EOS via the Bloks.io proxy in the Scatter desktop wallet and get 2% — 4% per annum Everstake Follow Nov 16, 2020 · 5 min read

EOS, like many modern blockchains, supports cryptocurrency staking. To stake via proxy, create your own proxy or delegate coins to an existing one. The second option is optimal for beginners since it does not require setting up accounts and large investments to run a proxy.

Everstake has added its own proxy, and now holders can delegate their EOS tokens to it and receive 2% — 4% per annum. In this guide, we will tell you how to stake EOS cryptocurrency via a proxy in the Scatter desktop wallet.

How to create a wallet

Scatter is an open-source non-custodial EOS desktop wallet. In Scatter, users can safely store, send, receive, and stake EOS cryptocurrency via a proxy.

Download the client version for your operating system from the official Scatter website and run the installation file. Or download the client using direct links from the github developer repository:

Run the installation file and select the option: install only for the current user or for all users. Then click “Install”.

The program will be installed automatically. This may take a few minutes. After installation, launch the wallet and click “Create new Scatter”. If you already have an EOS account, you can import it using the “Full backup file” or “Words” (seed phrase) options.

Now may read and then accept the terms of the user agreement.

Create and enter a complex password, and then confirm it. Make sure that the indicator under the first field is filled in completely. This means that the password is strong enough. Then click “Continue”.

Your wallet has been created! But now you need to create an EOS account. Click “Get Started” to continue.

First, save your private keys. To do this, click “Generate secure keys”.

The wallet will generate a 24-word seed phrase that you can use to restore your EOS wallet on another device. Write it down somewhere on paper or other offline media. Do not share or share your sees phrase with anyone, otherwise, funds may be stolen. Keep the phrase in a safe place, hidden from prying eyes.

Then come up with a wallet name. At the next stage, the wallet will ask you to enter your email address — this will be required to buy a cryptocurrency for fiat. The wallet supports the function of buying cryptocurrency with credit card, but you can skip this step now.

The wallet is ready to work! All that remains is to create an EOS account. To do this, select EOS in the list of cryptocurrencies and click “Setup EOS”. To create an account, you need $1.17. You can pay using another cryptocurrency in your Scatter wallet or by credit card, but you will need to pass the KYC procedure.

After you pay for your account, you need to come up with a name consisting of 12 characters a-z and 1–5. The account name must be strictly 12 characters long. After you create an account, you can add funds to it and earn EOS coins.

How to stake EOS

This is what your EOS account will look like in your Scatter wallet after you create it and top it up with cryptocurrency. Now we need to stake EOS. To do this, we will use the Everstake proxy.

You can connect to Everstake via a proxy using the blockchain browser Bloks.io. Go to the site Bloks.io, you need to first register with Scatter to get the opportunity to delegate coins to the selected block producer via Bloks.io. and select the “Vote” section.

Users can vote for block producers and receive rewards of 2%-4% by simply delegating their EOS coins to them.

Find the everstakeone proxy in the search bar. To delegate EOS, click “Proxy to Everstakeone”.

Click “Allow” to add the ability to delegate EOS cryptocurrency to the Everstake block producer and receive rewards from It.

You voted for Everstake. You need to wait a little while for the transaction to be added to the new block — this will take no more than a minute. You can track the transaction status using its hash, as shown in the image below.

After the transaction is confirmed, you will start receiving 2% — 4% per annum in EOS. Rewards are awarded every day

Subscribe to the Everstake social network, where you will find useful guides on staking various cryptocurrencies and important updates to PoS blockchains.

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