If you’re enthusiastic about delving into the world of crypto and looking to seize the potential benefits of Harmony (ONE), we’ve put together a user-friendly, step-by-step guide on how you can stake Harmony (ONE) through MetaOne, making the process hassle-free and accessible.
Harmony, as an open and high-speed blockchain, operates a mainnet that seamlessly accommodates Ethereum applications, boasting an impressive 2-second transaction finality and transaction costs that are a mere fraction of the industry standard. This empowers AI developers with the capability to utilize onchain tokens for micro-payments, smart contracts for accurate market pricing, and zero-knowledge proofs for the safeguarding of sensitive data.
The core mission of Harmony is rooted in the scaling of trust and the establishment of a profoundly equitable economic ecosystem. Their platform stands as a testament to decentralization, scalability, and robust security, ensuring that transactions can be settled without the need for intermediaries or trusted third parties.
Steps in Staking Harmony (ONE) in MetaOne
Step 1: Download MetaOne
If you already have MetaOne with you, feel free to skip steps 1 and 2 and proceed directly to step 3.
Head over to getmeta.one click on download app at the top right corner and scan the QR code available for both Android and iOS.
Step 2: Create an Account
Creating an account is as easy as 1-2-3! You’ll just need your email, a secure and strong password, personalize your profile, and create your own passcode. You can watch the dedicated youtube video below for a more comprehensive guide in creating your account.
Step 3: Add Harmony Staking to Your MetaOne dAPP
Go to the dApps section of your screen
Tap Discover dApps and search for Harmony Staking
Click Add so next time, it will be on your homepage
Step 4: Change Networks
Select Harmony (ONE) as the network on the top right portion fo the browser
Step 5: Choose Your Validator
Scroll through the list of validators, order by uptimes or simply use search to choose a specific validator of your liking.
Click on the validator of your choosing to be taken to their individual page.
Review some more information about the validator such as Description, Commission, Uptime Graphs and Stake history
Step 6: Start Stake
To stake with a validator, click the DELEGATE button.
Please do NOT send funds to the validator address.
If a sign in prompt pops, click on it, and then use an existing address.
Click use Metamask Wallet and sign in
Get back to the validator you’d like to stake ONE
Enter the desired amount to stake. Leave at least 1 ONE unstaked for gas fees
Click Next and then ‘Confirm and Sign’. Prompting your wallet to open up.
Confirm the transaction on your MetaOne wallet popup.
Step 7: Check Status
Check the three dots on the upper right section
This will show you your total ONE, comprised of unstaked, staked, rewards. You will also see your chosen validators under ‘Delegations’.
Step 8: Collect Rewards
Once you have earned enough rewards to claim (at least 1 ONE), the ‘Claim Rewards’ button will be visible and clickable.
Click on “Claim Rewards” and confirm the transaction as if you had staked.
No need to add Harmony (ONE) to MetaOne – it’s already available within the wallet alongside various other networks, including Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Saakuru (OAS), BNB Chain (BNB), and more.
Commission/Fee % is subtracted from generated interest. For example, if a validator generates 100 ONE in a week, 5 ONE goes to the validator, leaving 95 ONE for you. This sustains node validators and reinforces our dedication to maximizing your rewards. Note that after 100 epochs, all validators must maintain a minimum 5% fee.
If you have a minimum of 100 ONE in your wallet, you have the flexibility to effortlessly top up your stake, and there’s no requirement to go through the process of undelegating your existing stake. The top-up process mirrors the simplicity of your initial staking procedure, ensuring a seamless addition to your existing stake, effectively boosting your total stake amount. This user-friendly approach allows you to maximize your participation without unnecessary complications.
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About the author
Senior content writer
Experienced Social Media Manager and Content Writer, specializing in Web3. Leveraging a wealth of expertise, I am dedicated to equipping users with comprehensive resources for seamless navigation of the Web3 landscape.
This article is intended to provide generalized information designed to educate a broad segment of the public; it does not give personalized investment, legal, or other business and professional advice. Before taking any action, you should always consult with your own financial, legal, tax, investment, or other professional for advice on matters that affect you and/or your business.