Proxy staking via Anchor wallet: 2% — 4% per annum on EOS
Tags: Eos, Staking Guide, Staking, Cryptocurrency, Anchor

EOS holders can create a blockchain account and stake cryptocurrency through a proxy to earn 2% — 4% per year. Proxies are specifically designed EOS accounts that participate in blockchain management using votes of other participants. If you just want to stake EOS, you don’t need to create such an account. You can simply delegate cryptocurrency through a proxy. In this article, we’ll show you how to proxy-stake EOS using the Anchor wallet.

How to create an EOS wallet

Before staking EOS through a proxy, you will need an account (an account can be created in any supported wallet). Anchor is one of them. It is a simple EOS wallet available on mobile and PC (Web version). Choose which version you will use to create your wallet and download it from the Anchor website or using the links below.

Desktop version

Mobile version

For iOS ;

; The Android version of the Anchor wallet is still in development. Check back for updates or use the desktop client for now.

So, after you’ve downloaded the wallet, launch the app on your device. In this guide, we’ll take a look at how to create a wallet using the desktop version of Anchor. The process is almost identical for mobile platforms and PCs. Run the installer file, select the directory and install the program on your local drive. The client will be installed automatically. Then launch the program and click “Setup Wallet”.

Create and enter a strong password to encrypt the wallet file so that no one else can access it. In case you forget and lose your password, it will be possible to restore access only with the help of a seed phrase. Click “Set Password”. Then re-enter the new password and again click “Set Password”.

Expand the list and select the blockchain that you intend to use, in our case EOS. In the future, it will be possible to add other blockchains to the wallet if required.

Now import the wallet. This can be achieved in three ways:

Using a private key;

Specifying a seed-phrase (mnemonic password) that consists of a sequence of pseudo-random words;

Connecting a hardware wallet.

For example, we chose to import a private key. Enter the private key for your EOS account and click “Import Account (s)”.

The home screen will open which displays the available balance and the number of coins staked. Staking is available in the “Governance” section. Open this section and go to the “Proxies” tab.

Now you need to select the EOS proxy to which you delegate your tokens. Use the search bar to find proxies by name, such as Everstake. Our team has launched our EOS proxy which crypto holders can vote for and receive 2% — 4% per year.

Click on the button as shown in the screenshot below to continue.

Confirm that you are delegating tokens to the selected proxy to stake EOS by clicking the “Confirm” button.

If the transaction is successful, Anchor will issue a corresponding message. Congratulations! You have staked EOS and now you will receive a reward. Tokens can be unstaked 72 hours after the delegation of EOS to block producers.

Sign up for Everstake updates and stay informed about the latest staking events. You will also find useful guides on staking EOS and other cryptocurrencies in our social networks.

We wish you profitable staking!

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