Staking your Agoric tokens with Keplr wallet

5 min readFeb 3, 2022

Agoric is an open-source development company launching an interoperable Proof-of-Stake chain and economy. A JavaScript-native smart contract platform offers developers a safe, reusable library of DeFi components to rapidly build and deploy on-chain.

⚠️ Keplr extension is officially supported only on Chrome. It can also be used on Brave, but some features may be unavailable. It isn’t possible to use Keplr extension from mobile.

⚠️ Pay attention to the websites you connect your Keplr wallet with and only download Keplr from the official website or from the link you can find in this tutorial.

Installing Keplr & creating a new account

Installing Keplr wallet

1. Go to this link and click the [Add] button

2. [Add «Keplr»] window will show off. Here you have to choose [Add Extension]

3. At the end of the download, you can start to interact with your browser extension by clicking on it.

4. Now you have 4 options: import your account from a compatible* non-custodial wallet, import your Ledger account, create a new account via seed/mnemonic phrase or via [One-Click Login]. *[compatible] means a wallet that allows you to use the mnemonic/seed phrase to import your account to Keplr.

Creating wallet

How to create a new Account via Mnemonic/Seed Phrase

1. If you are setting up Keplr for the first time: In the initial pop-up window, choose [Create New Account] If you have used Keplr before: In the extension click on the silhouette in the upper-right corner, then the blue box [Add Account] & select [Create New Account]

2. Choose to have a seed/mnemonic phrase of 24 words, then take care to save them. The safest way is to write the words on paper and store them in a secure place. Avoid taking screenshots of the words or copying them into your computer/phone notes.

3. Now enter a name for your account (you can change it later).

4. You can change the derivation path by clicking on [Advanced], but this is optional and not suggested for how we are going to use Keplr. If you are interested in knowing more about the HD wallet derivation path, you can find more in the Keplr FAQ, section [General Questions].

5. Once you are sure that you have correctly transcribed the seed/mnemonic phrase, click on [Next].

6. To confirm the creation of the new account, all you have to do is click on the words in the right order in which they appear in your seed/mnemonic phrase and press [Register].

7. If you have just downloaded Keplr extension, it’s time to set your password! Choose carefully, if possible, prefer a password you’re not using in any other application, and then click [Confirm]. If you have used Keplr before, this step will be skipped as you have already set your password when creating/importing your first account

How to create a new Account via One-Click Login

1. Note: The suggested path is to create an account via Mnemonic phrase or delegate via Ledger, we describe this procedure only because is the first time it is applied to Cosmos wallets and people might be not familiar with it.

2. Choose the option [Sign in with Google]

3. Now enter the email|phone number associated with your Google account, its password, and then click [Next]. In case you don’t have an account yet, you can create one by pressing the [create account] button.

4. Time to set your Keplr Wallet password! Choose carefully, if possible use a password you’re not using in any other application, and then click [Confirm]

How to Stake $BLD Tokens?

When you are all set it is time to learn how to stake $BLD.

Agoric holders can earn staking rewards, thereby increasing their $BLD holdings by simply staking their Agoric tokens with any one of the active validators on the network.

To stake $BLD tokens you must first buy some Agoric tokens and send them to a wallet that supports staking.

As of the article date, $BLD tokens are not available for sale. Only testnet participants have them.

Once you’ve transferred your tokens to a stake-supporting wallet, you may proceed with staking your tokens on the network to earn staking rewards.

1. Go to https://wallet.keplr.app/#/agoric/stake

2. Search and select StakeCraft Validator, press [Manage] and then click [Delegate]

The next step is to decide the number of $BLD tokens you want to delegate, type the decided amount in the input field and click [Delegate]. But do not forget to leave some $BLD for fees, 1 $BLD should be more than enough.

Notice: Staking will lock your funds for 21+ days
You will need to undelegate in order for your staked assets to be liquid again. This process will take 21 days to complete.

⚠️ The [memo] field is optional and you may leave it empty if you’re not sending your tokens to exchange.

Next, select the transaction fee from the range of fees on display.

Click on [Approve] to confirm your transaction.

That’s it! You have now staked your $BLD tokens and will begin earning staking rewards!

To manage your staking operations you can scroll up. Here you can see your balance, your rewards (Claim them), and the list of validators you operate with. If you want to Redelegate or Undelegate $BLD tokens to the selected validator(s) press [Manage] and choose the right option.