You are missing out on extra CRO staking gains. Here’s how to fix it.
You recently staked to a good CRO validator such as Icy Road and earn ~12%/year? Great!
From time to time you might restake manually the earnings to compound it but you’ll soon get bored of doing it. Been there, done that. Time is money and you have better things to do in your life.
For this, Icy Road is running an automatic restaking service that compounds your gains twice a day: https://restake.icy-road.net/cryptoorgchain to earn up to 14% instead of ~12%
It’s completely non-custodial and you only need to enable it so that your validator can perform the restaking for you. Here is how to do it:
- First you need to install the Keplr extension(is like Metamask but for Cosmos-based chains) in your browser by following the steps here: https://help.keplr.app/en/getting-started/installing-keplr-wallet
- Once you have it installed you need to import your mnemonic phrase that you used for staking in it:
3. Go to https://restake.icy-road.net/cryptoorgchain and click on “Connect Keplr”
4. The next step is to click on “Enable” so that the validator is authorized to perform restaking on your behalf
Preferably set an expiration date as far away into the future as possible and leave an unlimited amount:
5. Approve the transaction and you are set!
Now you can enjoy your extra 2% without doing nothing else!