Well I bring you good news as Bluzelle staking is live.
By: Wisdom Oguzie
Tags: Bluzelle, Crypotcurrency, Staking, Cryptocurrency News, Cryptocurrency Investment

Step 1 — Load Your Ethereum BLZ Account on Metamask

Before anything hope to fill your wallet with enough Eth to send your Blz and also make sure you are on the Etheruem mainnet.

Step 2 — Create a Bluzelle BNT & Matches With Your Ethereum Account

On staking.bluzelle.com, click “login”. On Metamask, allow your BLZ account to connect with the site.

For new users, you will be shown the seed phrase. Please make sure you have copied it and saved it in a secure place. You will need it EVERY TIME you log in. If you lose it, you will lose your whole account and may result in permanent loss of your fund. The Bluzelle team does not own your seed phases and would not be able to recover for you.

Next, put in the seed phrase that you previously generated and proceed. You need to sign the transaction on Metamask so that your new Bluzelle BNT wallet is successfully mapped with your Ethereum account. This will ensure that the correct amount of BNT tokens are converted into your Bluzelle wallet.

Step 3 — Convert ERC20 BLZ to BNT

Once you are logged in, you will see your accounts. Make sure your BLZ balance is shown correctly.

Under the Ethereum account block, click “Convert to BNT” and input the amount. You can only send between 10–250,000 BLZ for every transaction.

On Metamask, confirm your transaction (you will need some ETH for gas).

The ERC20 tokens will be sent and locked in the Bluzelle Official House Wallet. You can view your transaction by clicking “Check on Etherscan”.

Do NOT send BLZ tokens directly to the house wallet from exchanges or any other wallet— if you do, you risk losing your funds forever. Please only use our staking dashboard and follow the flow.

The amount of ERC20 BLZ deposited will be equivalent to the amount of BNT tokens you will receive. You will expect hours of delay as the ETH-Cosmos relayer will only be run multiple times a day. The delay would be a maximum of 24 hours.

Once the relayer is run, you will see your BNT token balance under your account and you can also check it from Bluzelle Explorer.

Step 4 — Stake & Earn

Once you receive your BNT tokens, you can start staking immediately.

Click on the “Stake” button, you will see a list of validators you can delegate to.

Select the validator and enter the amount of stake.

Please note that for every transaction, you will need 2 BNT as network fee. So make sure you leave sufficient available BNT balance. For example, if you have 1000 BNT in your “available balance”, you can only stake a maximum of 998 in this transaction.

You can also unstake from a validator any time. However, your BNT tokens will go into a 21-day unbonding period, which means you can’t use these tokens to redelegate to another validator to earn rewards during this period. We suggest you keeping your tokens staked to earn the rewards for the full phase 1.

Step 5 — View & Claim Rewards

There are two parts of Bluzelle staking rewards:

Network fees

You can view and claim this under the “My account” page, “My rewards” section. You need to have 2 BNT in your available balance to send a “claim reward” request. These rewards can be used immediately (no unbonding period)

Additional staking rewards from the Bluzelle Pool

We have explained this part of the rewards in details in our staking economics. These rewards will be sent to your Bluzelle account every 24 hours. It will add to your “available balance” automatically and can be used immediately.

So with this you will have a smooth and profitable ride in the Bluzelle staking .