Delegation of LikeCoin
Saving all the LikeCoin and don't know what to do with it? Consider to delegate them to a validator and earn rewards
Delegation / Stake means delegating LikeCoin to one or more validators to earn rewards. Likers who delegate LikeCoin to validators can directly vote for proposals, or let the validators to represent you to raise proposals and vote for or against the proposals when you don't have time to handle. Delegation demonstrates liquid democracy and is vital to the autonomy for the LikeCoin DAO.
There are several ways to stake LikeCoin, we suggest using dao.like.co together with Keplr Browser Extension, Cosmostation Browser Extension or Authcore to delegate.
You may also use your mobile to delegate:
Go to dao.like.co and select Keplr Browser Extension, Cosmostation Browser Extension or Authcore to login.
Click "Validators" on the left hand side menu, select the validator that you want to delegate.
Please note the commission rate of each validator may not be the same.
Click "Stake" on the upper right corner of the validator to delegate.
The Stake page appears, enter the amount of LikeCoin you want to delegate, and click "Next".
Confirmation is required. Keplr and Cosmostation users will need to approve a pop-up box to confirm the delegation after clicking "Send". Authcore users directly click "Send".
After the "Sent and confirming", "Successfully staked!" appears, the delegation is completed.
Click "Portfolio" on the left hand side menu, and you can see "You Stake" showing the successful delegation and delegation amount.
Click "Portfolio" on the left hand side menu, and click on "Claim Rewards" on the top right hand corner.
The Claim Rewards page appears, click "Next".
Confirmation is required. Keplr and Cosmostation users will need to approve a pop-up box to confirm it after clicking "Send". Authcore users directly click "Send".
After the Sent and confirming appears, Successfully withdrawal! appears, which means your rewards is successfully claimed.
Select a validator that you want to delegate on Choose a Validator page.
Enter the amount of LikeCoin you want to delegate and click "Review".
Click "Claim" on the Stake page.
The number of rewards that can be claimed appears, click "Claim Rewards" to claim it.
Select a validator that you want to delegate on the Validator List "Top" menu.
Click "DELEGATE".
Enter the amount of LikeCoin you want to delegate and click "Next".
Fill in the Memo (if any), click "Next".
Reconfirm the delegate amount and transaction fee, click "Confirm".
The "Delegate Notice" appears, reads and clicks "Confirm" again.
Enter the PIN to confirm.
The delegation is complete and transaction details are displayed. Press "Share" to share or "Explorer" to view the details in the Mintscan block explorer. Click "Done" when finished.
On the "My" of the Validator List, select "One Click Claim all Rewards" to withdraw delegation rewards from all validators. Click "One Click Compounding" to reinvest the rewards to increase the delegated amount.
Or click on each validator to "Claim Reward" or "Compounding" one by one.
On CLAIM REWARD or Compounding page click "Next" and then confirm to withdraw rewards.
You can also use Liker Land app to stake LikeCoin. You may checkout the tutorial clip and the step-by-step instructions below.
Open the Liker Land app, click on [My Wallet] to enter into the wallet page. In this page you can check the LikeCoin amount that you have and there is a list of validators underneath. You can select one of them as you like.
Please note the commission rate of each validator may not be the same.
Select one of the validators and bring up the page below, it lists out percentage of Rewards, Voting Power and how much LikeCoin is being delegated to this validator (Liker Share).
Click [Delegate] and go to the next page.
Click [Delegate] to bring up the following page, input the amount of LikeCoin that you would like to delegate to the validator, then click [Next]
The confirmation page is displayed, showing the validator's wallet address, click [Details] to reconfirm the amount to delegate and check the transaction fee estimation.
Click [Confirm], after a few seconds it displays "Transaction Completed", which means delegation of LikeCoin is completed.
Validator with your delegation will be displayed as green.
Going back to the wallet page, you can drag down the screen and refresh wallet status.
The LikeCoin rewards earned from delegation will be released every 5 or 6 seconds. quicker than monthly interest from the bank! You can check out the [Delegating Rewards] amount from the validator page, or click [Withdraw Rewards] to save the rewards back to your wallet. The minimum withdrawal amount on the Liker Land app is 1 LikeCoin.
Last modified 1mo ago