How to stake EOS via proxy and get 2% — 4% per year
Tags: Blockchain, Eos, Staking Guide, Staking, Crypto

EOS supports staking using special proxies, but not every user can run them. This requires an impressive amount of investment and technical knowledge. But there is an alternative: you can vote for a proxy to stake EOS tokens.

Everstake has launched its proxy, users can vote for it and receive 2% — 4% per annum in EOS. Today we will tell you how to stake EOS via the Everstake proxy in the mobile wallet My EOS Wallet.

How to create a wallet

My EOS Wallet is a simple mobile wallet where users can store, transfer and stake EOS. The wallet was developed by the Attic Lab team. Private keys are always stored on the user’s device, and the login can be protected with a PIN code, which makes the wallet secure. Let’s see how to register an EOS account using this wallet.

1. Download and install my EOS Wallet on your device. The crypto wallet is available for iOS and Android.

2. Launch your wallet. Slides will appear on the main screen that will introduce the user to My EOS Wallet. You can skip them.

3. if you don’t have an EOS account yet, register it by clicking “Register account”.

4. Select the account type and give it a name. The name must consist of exactly 12 a-z characters and numbers from 1 to 5. Enter a name and check for availability by clicking “Check”.

Disclaimer. In order for the account to work, you need to buy computing power. But if you are registering an account for the first time, Attic Lab is ready to provide you with CPU and NET resources — 4KB RAM and 0.2 delegated EOS.

You also need a promo code. Enter it in the appropriate field — this is a mandatory step. You can request it from the person who invited you or get the promo code from AtticLab Support. Then click “Create”. If you check the “Specify” box, your private and public keys will be displayed. You can save them immediately, but this is also an optional step. However, by storing your private keys in a safe place, you will prevent possible loss of funds and will be able to restore access to your wallet if your phone breaks, disappears, or is stolen.

5. Set the password to encrypt your wallet and click “Confirm”. Without it, hackers will not be able to access your funds, even if they manage to steal your wallet files.

Then enter the password again, and click “Confirm” again.

If everything went well and you received a message about success, then your EOS account is ready to work. Congratulations! Now you can proceed to staking, but first, you need to top up your wallet with tokens.

How to stake EOS using My EOS Wallet

1. Go to your account in the “Voting” section, where you can delegate coins.

3. Select the “Proxy” option and enter the name of the proxy to which you want to stake the EOS cryptocurrency — everstakeone

4. Enter your wallet password to confirm the transaction.

5. Done! You have delegated your EOS coins and will receive 2% — 4% annually with everyday accrual. If everything’s fine, you will see the following message:

You will start receiving rewards as soon as the block producers confirm your transaction. This usually takes no more than a minute.

Subscribe to Everstake social media to keep up to date with important events. There you will also find useful guides on staking promising cryptocurrencies.

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