What You Need
- A Prax Wallet account with UM balance
- Connect and access Penumbra via app.penumbra.zone
Step-by-Step Guide: Staking and Delegating UM
1. Open the “Stake” Tab in Portfolio View
- Go to app.penumbra.zone
- Navigate to the “Stake” tab in your dashboard
Choose a wallet account (main or sub-account) to delegate from
2. Choosing a Validator to delegate funds to
- Choose from the list of validators in the active set
3. Delegating to a validator
- After choosing your preferred validator, click the “Delegate” button
- Enter the amount of UM that you want to delegate
- Confirm the transaction by clicking the “Delegate” button again
4. Confirm and Approve
- A confirmation prompt will popup, click “Confirm” to proceed
- Click “Approve” to finalize the stake position
- Wait for the “successful delegation” confirmation message prompt
5. Checking your delegation tokens
- In the “Stake” page in your dashboard, you will see the total “delUm” of your delegation and the validator’s name where you delegated
- “DelUM” or delegated UM represents the underlying assets being staked
You can also see your “delUM” in your “Assets” tab in the dashboard.
Congratulations! You have unlocked shielded staking on Penumbra and are earning staking rewards.
Curious to learn more? Read more on how shielded staking works on Penumbra here.
