How to Stake OSMO on Osmosis

by Nov 24, 2022Defi, Hot Stories0 comments

Osmosis is a decentralized exchange for IBC-supported networks. Developers may use Osmosis to create, build, and deploy their own bespoke AMMs with sovereign liquidity pools. For governance and staking, the DEX employs a native coin called OSMO.

The Osmosis DEX extension was just incorporated into our platform, offering a slew of new capabilities to its users.

This article will demonstrate how to stake, unstake, and redelegate $OSMO using the Citadel.one platform.

Company Information About Osmosis Labs

Sunny Aggarwal and Josh Lee established Osmosis Labs, which produces Osmosis.

While Osmosis Labs Pte. Ltd. (“Osmosis Labs”) is responsible for the majority of the initial Osmosis protocol code development, the Osmosis project is really administered by a decentralized validator set. Every protocol upgrade and modification is voted on and implemented by the Osmosis community (holders of the OSMO governance token.)

As a result, no one entity engaged in Osmosis is legally accountable for claims or damages, thus the protocol’s “decentralized” character.

Osmosis raised $21 million in a token sale hosted by Paradigm in October 2021.

Characteristics of Osmosis

Osmosis is a proof-of-stake blockchain with a decentralized exchange application created exclusively for IBC-compatible blockchains.

Native to the Cross-Chain

Osmosis is built to be cross-chain native, and like many Cosmos projects, it is built from the ground up to be IBC compatible.

Osmosis intends to expand into non-IBC enabled chains like Ethereum-based ERC20s (via the Althea gravity bridge), Bitcoin-like chains, and alternative smart contracting platforms.

Unified Incentivization and Sovereignty

For the Cosmos, sovereignty is a significant thing. Osmosis gets its sovereignty from its design as well as the collective sovereignty of liquidity providers – each LP is encouraged to preserve its autonomy while still providing liquidity in various ways.

Because it links liquidity providers, DAO members, and delegator interests with a variety of incentives, Osmosis is unique within the Cosmos ecosystem (and other DEXes). Staked liquidity providers, for example, have sovereign ownership of their pools and may modify settings based on market circumstances and how competitive the pool is, among other things. Nothing in the Osmosis AMM is hardcoded; LP providers can vote to adjust any pool parameter, including swap costs, token rates, reward incentives, and curve algorithms.

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Osmosis liquidity pools are self-governing and entirely adaptable in terms of governance.

This feature encourages variability in order to foster a competitive and nurturing environment of quick iteration and experimentation. This variation is obtained through a variety of customization choices. While most DEXs rely on bonded curves, Osmosis supports dynamic swap cost changes, multi-token liquidity pools, and custom-curve AMMs. The Cosmos AMM may theoretically enable the decentralized establishment of token fundraisers, an options market, and even interchain staking.

Staking that is superfluous

Token holders in the conventional DeFi business must choose between earning income from staking (which helps to keep the protocol running) and generating revenue from liquidity (which provides AMM stability.)

Osmosis pioneered a feature known as Superfluid Staking, in which OSMO (the Osmosis governance token) may be used for both staking and liquidity at the same time, increasing benefits while minimizing internal network compromises (i.e., security for liquidity.)

So, in Osmosis, a liquidity provider or staker earns incentives for both providing liquidity and staking, whereas other platforms compel token holders to make a choice.

Someone who joins an OSMO-AKT pool, for example, will get the pool’s LP tokens, which may be staked to protect both the Osmosis and Akash networks. The user would get income from both the LP and staking prizes.

How does Citadel.one work to stake OSMO?


Open the Citadel.one app and navigate to the OSMO address you require. Select “Stake.”

Click on the special tab in the presented window to pick the nodes for staking.

You may now see a list of all network validator nodes to which your OSMO can be delegated. Locate and choose the node you want to use for staking.

Enter the number of OSMO tokens you want to delegate in the “Amount” field and click “Stake.”

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Check the amount and commission fee again. In the text field, type your password and click the “Confirm” button.

If everything went well, you should see a screen that says “Success.” You can view your wallet address, the node you choose, and the amount you staked, go to explorer to follow your transaction and leave a remark. Press “Ok” and wait a few moments for the transaction to complete.

That’s all! You will now start getting prizes based on the amount of OSMO you staked.

How to unstake OSMO?

Consider that the unstaking time for Osmosis is 14 days.

Open the Citadel.one app and navigate to the OSMO address you require. Select “Unstake.”

In the newly opened window Choose the node from which you wish to delegate your OSMO.

Enter the quantity of OSMO tokens you wish to unstake in the “Amount” section and click “Unstake.”

Check the amount and commission fee again. In the text field, type your password and click the “Confirm” button.

Your assets will be frozen for 14 days following the confirmation of the unstaking transaction.

If everything went well, you should see a screen that says “Success.” You can see your wallet address, the node you chose for unstaking, and the amount you unstaked in this section. Go to Explorer and add a comment to your transaction. Press “Ok” and wait a few moments for the transaction to complete.

How to redelegate OSMO?

It is important to note that you can only redelegate your assets 7 times in a 21-day period using the same wallet address.

Open the Citadel.one app and navigate to the OSMO address you require. Select “Redelegate.”

Click the specific tab in the presented window to pick the node for redelegating.

Enter the number of OSMO tokens you want to redelegate in the “Amount” field and click “Confirm.”

Check the amount, commission charge, and chosen nodes again. In the text field, type your password and click the “Confirm” button.

If everything went well, you should see a screen that says “Success.” You may view the addresses of the selected nodes, the amount you redelegated, go to the explorer to follow your transaction, and leave a remark. Press “Ok” and wait a few moments for the transaction to complete.

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Take advantage of Citadel.one‘s crypto staking opportunities!

If you have any more questions, please contact us at support@citadel.one. You can also join our Telegram chat, where there is an active discussion of all current updates, as well as 24-hour support from our managers.

About Citadel.one

Citadel.one is a non-custodial Proof-of-Stake platform for crypto asset management and storage. Users may use a single seed phrase to produce public addresses for all supported networks, link their Ledger or Trezor device, or import an address generated by another wallet.

The analytical dashboard displays pertinent data about wallet balances and network parameters. We standardize the semantics in Citadel.one to make interactions with the platform as simple as possible. The same may be said for network measurements. We make it easy for consumers to comprehend and compare networks by utilizing universal language.

Participation in the PoS consensus is one of the major aspects of the Citadel.one platform – users may stake and delegate their assets, receive rewards, and monitor the newest network proposals in the voting tab.
Citadel.one provides its consumers with immediate cryptocurrency exchange services that allow for the exchange of crypto assets in a safe and secure manner. It is also possible to purchase and sell cryptocurrency using a credit or debit card. Citadel.one user may track and remark on incentives, withdrawals, transfers, and deposits across all supported networks.

Citadel.one supports the BAND network ($BAND), Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST ($IOST), KAVA ($KAVA), BSC, and Tezos ($XTZ) among PoS platforms. For the convenience of our users, we also offer Ethereum, Bitcoin, and Tether ($USDT). Mobile and desktop versions, as well as other networks like Polkadot, are planned for future releases. In addition, we envisage Citadel.one becoming a decentralized autonomous organization and a really community-owned platform in the near future, as we explore the concept of true decentralization.

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