Staking GRT (Graph Tokens) is a fantastic way to participate in the growth of The Graph network while earning rewards. Whether you're new to cryptocurrency or a seasoned investor, this guide will walk you through the process of delegating your GRT tokens step-by-step.
What is The Graph?
The Graph is a decentralized protocol for indexing and querying data from blockchains. It allows developers to build and query decentralized applications (dApps) quickly and efficiently. The Graph network relies on a decentralized community of indexers, curators, and delegators to operate.
Why Delegate GRT Tokens?
As a GRT token holder, you can delegate your tokens to indexers and earn a portion of the rewards they generate.
Delegating GRT tokens helps secure the network and ensures its efficient operation. In return, you receive a share of the rewards earned by the indexers. It's a way to earn passive income from your GRT holdings without needing to run your own node or perform technical operations.
Step-by-Step Guide to Delegate GRT Tokens
To help you get started, we've prepared a comprehensive video tutorial that walks you through each step of the delegation process. Watch the video below for a visual guide, and then follow the detailed instructions provided in this article.
Step 1: Connect Your Wallet
Go to The Graph’s Website: Visit the official Graph Network website (https://thegraph.com/explorer).
Connect Your Wallet: Click on the "Connect Wallet" button. Select your wallet type (MetaMask, WalletConnect, or Ledger) and follow the prompts to connect your wallet to the site.
Step 2: Choose One of The P2P Indexer
Locate Our Indexer: P2P has two active indexers, you can either search
p2pwithin the indexers or visit one below:p2p-org-booster.eth - 0xf00f7157fa8fd0420b87956d46058a16b2f23adc
p2p-org-arbitrum.eth - 0x2f09092aacd80196fc984908c5a9a7ab3ee4f1ce
Review Our Metrics: Check the performance metrics and reward rates associated with our indexer. Our commitment to excellence ensures competitive rewards and reliable service.
Select Our Indexer: Click on our indexer’s profile to see more details and proceed with delegation.
Step 3: Delegate Your GRT Tokens
Initiate Delegation: On our indexer’s profile, click the “Delegate” button.
Enter Amount: Specify the amount of GRT tokens you want to delegate. Make sure you leave some GRT in your wallet to cover potential transaction fees. You will be required to pay 0.5% GRT deposit tax.
Approve Transaction: Approve the transaction in your wallet. This step allows the staking contract to access your GRT tokens.
Confirm Delegation: After the approval, confirm the delegation transaction. Pay the necessary gas fees to complete the process.
Step 4: Monitor Your Delegation
Track Performance: You can monitor the performance of your delegation on the staking dashboard. It will show you the rewards you’ve earned and other relevant metrics.
Un-delegate: If you wish to un-delegate your tokens, you can do so from the dashboard. Note that un-delegating may have a 28-days cooldown period before your tokens become available again.
Rewards are automatically added to staked deposit and paid when the indexer closes allocation. There is no slashing for delegators on The Graph. The Graph GRT unbonding period lasts 28 days.
Tips for Successful Delegation
Stay Informed: Keep up with news and updates from The Graph network to make informed decisions about your delegations.
Be Patient: Staking and delegating are long-term strategies. Give your investments time to grow.
By following this guide and choosing P2P indexer, you'll be well on your way to successfully delegating your GRT tokens and participating in The Graph network. Enjoy earning rewards while contributing to the future of decentralized applications!
For more information on staking TheGraph (GRT) with P2P.org and our special offer for large GRT delegations, visit https://p2p.org/thegraph.
For additional staking support, visit the P2P TheGraph staking Help Centre
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].