Staking FET tokens is an excellent way to earn passive income while supporting the Fetch.ai network. This guide explores various staking methods tailored to different user scenarios, including Binance users, those with migrated tokens, and holders of ERC-20 FET on other exchanges.
Staking FET on Fetch.ai Mainnet for Binance Users
Binance has fully integrated Native FET tokens, enabling seamless staking via Cosmostation without relying on token bridges. Here's how to stake:
Staking with Ledger on Cosmostation Web Wallet
Prerequisites:
- A Binance account holding FET.
- Ledger hardware wallet.
Steps:
- Access Cosmostation Web Wallet and generate a Fetch.ai chain address.
- Transfer a test amount of FET from Binance to your Cosmostation address.
- Upon successful transfer, send the remaining balance.
- Delegate to preferred validators to begin staking.
👉 Learn more about secure staking practices
Staking via Cosmostation Mobile Wallets
For iOS/Android Users:
- Download Cosmostation (iOS | Android).
- Create a Fetch.ai chain wallet.
- Transfer FET from Binance to your Cosmostation address.
- Delegate to validators.
Staking for Users with Migrated Tokens
Fetch.ai migrated all staking tokens from Ethereum to its mainnet on September 15, 2021. Access these tokens via the ASI Alliance Wallet.
Key Steps:
- Metamask Users: Follow the migration guide.
- Ledger Users: Refer to the hardware wallet guide.
Ensure your Cosmostation address is exclusively for Fetch.ai chain.
Staking ERC-20 FET from Other Exchanges
Most exchanges (except Binance/HitBTC) hold ERC-20 FET. Use the Fetch.ai Token Bridge to migrate tokens.
Ledger + Cosmostation Web Wallet Method
Requirements:
- Ledger Nano with Ethereum/Cosmos apps.
- MetaMask installed.
Procedure:
- Configure Ledger to allow contract data.
- Generate a Fetch.ai address via Cosmostation.
- Transfer ERC-20 FET via the token bridge.
- Delegate to validators.
Mobile Staking for ERC-20 Holders
Steps:
- Transfer ERC-20 FET to MetaMask.
- Use the token bridge to swap tokens to native FET.
- Delegate via Cosmostation mobile app.
FAQ
1. What is the minimum staking amount for FET?
The minimum is 100 FET for transfers via the token bridge.
2. How long does unstaking take?
Unstaking typically takes 21 days.
3. Can I stake ERC-20 FET directly?
No, you must migrate them to native FET first.
👉 Explore advanced staking strategies