Earn Osmosis (OSMO) staking rewards in Ledger Live

Earn Osmosis delegating rewards by delegating your OSMO to validators in Ledger Live. By doing so, you earn Osmosos delegating rewards while benefiting from the security of your Ledger hardware wallet. 

Before you start

Add your Osmosis account

  1. Install the latest version of the Cosmos app on your Ledger device.
  2. Add an Osmosis account by clicking on Add account on the Accounts page. Learn more
  3. Receive some OSMO in your account. Learn more

Delegate your assets

  Confirming transactions on Ledger device.

You can see when confirming transaction on Ledger device that it is shown in uosmo. This is normal and this unit represents 1000000th part of OSMO (1 OSMO = 1,000,000 uosmo). 

  1. Click on the Stake button on your Osmosis account page.  
    OSMO_STAKE.png
  2. Click on Continue to delegate your assets after reading the information window.
    OSMO_EARNREWARDS.png
  3. Enter the amount of OSMO to delegate. By delegating a higher amount, you can get more reward.
    • You will have to select an amount to delegate and the validator you wish to delegate to.
    • Only the validators who are in the top 135 can distribute rewards. If a validator drops out of the top 135, they will no longer validate blocks, thus they no longer have rewards to distribute.
    • You may choose 1 validator per staking transaction.
    • You may choose an existing validator in your list to add more OSMO to the already existing delegation.
      mceclip0.png
  4. Click on Continue.
  5. Verify and confirm the delegation operation on your Ledger device.
    • Open the Cosmos app after you've connected and unlocked your device.
    • Press the right button to review all operation details: Resource, Amount, validator information.
    • Press both buttons to Accept and send the operation. Choose Reject to cancel the operation.
      OSMO_CONFIRM_DELEGATION.png
  6. The Delegation operation is then confirmed.
  7. List of current delegations is available within the account information screen.OSMO_DELEGATIONS.png

Note: When you delegate your OSMO, they will remain locked. After ending a delegation, your OSMOs cannot be used for the 14 days that follow.

 Delegate your assets to an additional validator

If you are already delegating your assets and want to delegate your OSMO to an additional validator, click on the Add button in the Delegation(s) section.
OSMO_ADD_DELEGATIONS.png

Claim your Rewards

  1. When available, you will be able to claim your rewards through the Claim rewards button or through the Manage list of options.
    • Note that the Manage button is specific to a validator, while the Claim rewards button will let you choose the validator.
    • Claiming rewards will cost a fee. A warning message is displayed if the fee for a reward is higher than the reward itself.
      OSMO_CLAIM_REWARDS.png
  2. Two options are available when claiming rewards from a validator:
    • Cash in: The reward amount is added to your available balance.
    • Compound: The reward amount is redelegated to the same validator.
      OSMO_CLAIM_REWARDS_1.png
  3. Click on Continue.
  4. Verify and confirm the Claim rewards operation on your Ledger device.
    • Open the Cosmos app after you've connected and unlocked your device.
    • Press the right button to review all operation details: Fees, validator information.
    • Press both buttons to Accept and send the operation. Choose Reject to cancel the operation.
      OSMO_CLAIM_REWARDS_2.png
  5. The Rewards claiming operation is then confirmed.

Undelegate your assets

  How Undelegation works

You are able to retrieve the delegated asset if needed.

  1. From the Delegation(s) list, Click on the Undelegate option available through the validator Manage button.
    OSMO_UNDELEGATE_1.png
  2. Select the amount you want to undelegate, please note that:
    • Pending rewards will be cashed in automatically.
    • The undelegated amount will be locked for 14 days before being transferred to your available balance.
      OSMO_UNDELEGATE_2.png
  3. Click on Continue.
  4. Verify and confirm the Undelegate operation on your Ledger device.
    • Open the Cosmos app after you've connected and unlocked your device.
    • Press the right button to review all operation details: Fees, Undelegated Amount, Validator information
    • Press both buttons to Accept and send the operation. Choose Reject to cancel the operation.
      OSMO_UNDELEGATE_3.png
  5. The Undelegation operation is then confirmed.

Note: When you undelegate your assets, your pending rewards are claimed automatically as a cash-in. This will not create a transaction.

Redelegate your assets

 How Redelegation works

You are able to redelegate your asset to another validator without waiting the 14-day required locktime period through the Redelegation operation.

  1. From the delegation list, Click on the Redelegate option available through the validator Manage button.
    OSMO_REDELEGATE_1.png
  2. Click on Continue to delegate your assets after reading the information window.
    OSMO_REDELEGATE_2.png
  3. Select a new validator and the amount you want to redelegate.

    OSMO_REDELEGATE_3.png
  4. Click on Continue.
  5. Verify and confirm the Redelegate operation on your Ledger device.
    • Open the Cosmos app after you've connected and unlocked your device.
    • Press the right button to review all operation details: Amount to redelegate, Fees, Source and Destination Validator information.
    • Press both buttons to Accept and send the operation. Choose Reject to cancel the operation.
      OSMO_REDELEGATE_4.png
  6. The Redelegate operation is then confirmed.
  7. You will find the newly selected validator in the Delegation(s) list. Note that you cannot redelegate these OSMOs for 14 days afterward.

Note: When you redelegate your assets, your pending rewards are claimed automatically as a cash-in. This will not create a transaction.

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