Hammering home the investment case for THORChain

With the swift and public destruction of UST, algorithmic stablecoins are getting more attention than they used to. Stablecoins are an important part of your crypto portfolio regardless of market conditions. So today we are going to focus on algorithmic stablecoins. We will show you one quality project moving forward in this direction despite the issues that brought down UST.



<h2>Types of Stablecoins</h2>



First, we need to understand the difference between algorithmic stablecoins and other stablecoins. All other stablecoins are collateral-backed in some way. The 3 most common types of asset backing are:



<ul><li>US Dollars or USD cash equivalents:&nbsp; money market accounts (backed by USD), or T Bills like how USDC is backed</li><li>Crypto. One crypto backs another like using $100 of ETH to back issuing $70 of DAI.</li><li>Commodities. Gold is the most common here but any scarce liquid commodity like silver could serve as the backing for a stablecoin. Pax Gold’s PAXG coin is a gold-backed stablecoin, for&nbsp; example.</li></ul>







The idea is that a stablecoin must be fully backed by liquid assets to hold its peg during its toughest  times.



Algorithmic coins work differently. They are not fully asset-backed like the other three types of stablecoins. With these coins, the algorithm does the work of helping to manage the peg to the US Dollar (usually) or other assets.



The way it works is the algorithm works together with a smart contract to manage the peg. In the LUNA-UST example, if the price went over $1 then arbitrageurs would step in and burn $1 of LUNA to mint $1 of UST. Then, sell at over $1 for a profit. And the reverse if under $1 to create more LUNA and burn UST. This helps regulate the price to the peg and the supply of the stablecoin at any given time. LUNA even had a Bitcoin reserve to sell in case UST failed to hold the peg AND LUNA declined in price at the same time. We see now that this was not enough to solve the main problem UST had, which was a lack of liquidity.



<h2>Can Any Algorithmic Stablecoin Be Successful?</h2>



This is a question many in the industry are asking. So far, none have been successful but most don’t get as big or fail as spectacularly as UST did.



And it’s an important question. Many believe that you can’t really have decentralized finance unless you have a decentralized stablecoin as part of the system.



Bitcoin is decentralized. And at the time of writing, it’s a $580 billion market cap project. Less than 2% of that, only $8.3 billion according to <a href="https://www.coingecko.com/en/coins/wrapped-bitcoin" target="_blank" rel="noreferrer noopener">CoinGecko</a>, is currently in DeFi markets as Wrapped Bitcoin (WBTC). That’s $8.3 billion out of $107 billion in TVL in DeFi right now.



<figure class="wp-block-image"><img src="https://lh3.googleusercontent.com/O1_9yHBeu5cx1J12jAc7xYywE_vMPCqjurECqsezsUxgbpnywrkH-irHD13vPymK3-dsIFRLNlMmZiJ-i5Sg7bzboG0ui1YoMGMw2n51-ruHLakKNZebs4oXVpSWjqVTru_kVv6sqV8" alt=""/><figcaption>Source: <a href="https://defillama.com/" target="_blank" rel="noreferrer noopener">DeFiLlama</a></figcaption></figure>



So Bitcoin’s use as DeFi’s decentralized money is less than 10% of the market. And it’s not price-stable like stablecoins are. So while we like Bitcoin for many reasons, as the decentralized medium of exchange for DeFi markets, it’s not doing much.



<h3>Vitalik Weighs In</h3>



Even ETH Co-founder Vitalik Buterin had something to say on this subject in a recent post on <a href="https://vitalik.eth.limo/general/2022/05/25/stable.html" target="_blank" rel="noreferrer noopener">his blog</a>. He believes that there are algorithmic stablecoins with good design and those with a flawed design like UST.



Buterin calls them automated stablecoins because they:



<ol><li>Have a ‘targeting mechanism’. Like the mint/burn relationship between the stable and another coin (UST and LUNA) AND</li><li>Have a completely decentralized mechanism: no custodians, protocol-level support, or any other centralized human decision-makers. Completely means completely. So that excludes USDC, USDT and BUSD. These three largest stablecoins all have single issuers and custodians.</li></ol>







Buterin argues that RAI is probably the closest and best-designed algorithmic stablecoin in the market today. Then he proposes two different ideas on the operation and management of a stablecoin. It’s an interesting read that we recommend when you finish reading this article.



<h2>The Leading Algorithmic Stablecoins Today</h2>



Here are the top ten stablecoins by market value.



<figure class="wp-block-image"><img src="https://lh6.googleusercontent.com/2BLrWzBQMpkPVa19t05XErpv7XyTwoPDA6CwlKETjJGFJuJQtVaFsyUS1svg_wGTdMKFJBkc_T_1KeT83ibk2oB0uGAWhyseOME5mWmDE1JKzJSYAP_gpvAVd9kuMNvfiTywrApAOKI" alt=""/><figcaption>Source: <a href="https://defillama.com/peggedassets/stablecoins" target="_blank" rel="noreferrer noopener">DeFiLlama</a></figcaption></figure>



We know the top three are not algorithmic. DAI and MIM are overcollateralized crypto- and debt-backed algorithmic stablecoins respectively.



And that leads us to Coin #6 on this list with a market value of $1.49 billion, Frax.



<h3>What is Frax and Why Is It Different?</h3>



<a href="https://app.frax.finance/" target="_blank" rel="noreferrer noopener">Frax</a> calls itself the ‘first fractional algorithmic stablecoin’.



What does that mean?



Frax is backed&nbsp; 90% by non-Frax collateral (USDC) and 10% by endogenous, algorithmically-backed collateral (the market capitalization of the FXS governance token). In the first paragraph of their own <a href="https://docs.frax.finance/overview" target="_blank" rel="noreferrer noopener">whitepaper</a>, Frax mentions the extremes and design flaws of stablecoins, just as Vitalik did. In this case, Frax means the extremes of stablecoins backed solely by crypto collateral, and stablecoins backed solely by reflexive, endogenous collateral.



Frax is trying to thread the needle by doing both.



The fractional part means there is some backing by collateral. The algorithmic part means there’s an algorithm used as the targeting mechanism. And that mechanism is decentralized.



Like LUNA and UST, there’s a mint/burn relationship between the stablecoin FRAX and the governance token Frax Shares (FXS).



But that’s where the similarities end.



Frax has done a couple really smart things in their design. The first smart thing they did was when they launched and $FRAX value was small and vulnerable, it was backed 100% by collateral. Frax uses USDC as its backing coin. Now the collateral less but steady and phasing up the use of the algorithm.



Today, the collateral ratio is unlike any other stablecoin. It’s not zero like pure algo coins or 100% or more like fully collateralized or over-collateralized coins. The ratio is currently 89.5%.



<figure class="wp-block-image"><img src="https://lh3.googleusercontent.com/P7YkE2VeIoq2YhAx36FSmGGqucGWupAiYMDJIrwXkmOhxcG6icNiWJ7m4-NWmL2BQRJZqORj5U2DHEH9eSCrMXYUSD3ErA7IYAY1bDYplLg1xQgoPSPXtrJ9Hm4Ws9gyA3YtquDTN1A" alt=""/><figcaption>Source: <a href="https://app.frax.finance/" target="_blank" rel="noreferrer noopener">Frax Finance app</a></figcaption></figure>



You can see in this chart that when the coin launched in January 2021 its collateral ratio was 100%. Smart. Now it hovers between 80-90% most days. The collateral ratio determines how much $FRAX you can mint too. At 90% (if we round up), for your $100 of FXS or combination of FXS and USDC, you can mint $90 worth of FRAX. So it’s not 1:1. The collateral ratio determines this automatically. This is smart too as it helps keep FRAX tighter to its peg. That’s instead of keeping it at 1:1 when collateral levels drop creating more risk for all $FRAX holders. Managing this ratio is one way $FRAX manages its peg. The ratio drops if $FRAX is trading above $1 and increases if it goes below to incentivize more minting or redeeming to keep the peg.



There’s another ratio in this image called the <a href="https://docs.frax.finance/amo/decentralization-ratio-dr#:~:text=The%20Frax%20Decentralization%20Ratio%20(DR,are%20counted%20as%200%25%20decentralized." target="_blank" rel="noreferrer noopener">Decentralization Ratio</a>. This ratio tells us how fractional $FRAX is right now. It’s the ratio of decentralized assets over the total collateralized stablecoin supply. If we got to full decentralization with no collateral backing then Frax would be at 100%. It’s at 23.78% today. So a ways to go but the stability in the price and maintenance of its peg speaks to the success of this strategy so far. Especially in these terrible market conditions we have right now.



The other really smart thing Frax did when they decided to go collateralized in the beginning is that $FRAX is always mintable and redeemable for USDC. To have a coin outside the Frax system for this adds to its stability. It’s something LUNA did not have when both LUNA and UST started declining at the same time as people lost faith in the Terra ecosystem. USDC provides an escape hatch that’s completely outside the Frax ecosystem if the same type of death spiral that killed UST tries to kill off $FRAX too. Attempts to short both $FRAX and $FXS would be less effective since neither influences the price and issuance of USDC. This is an important feature that Vitalik likes about RAI. You can go outside the RAI system and redeem it for ETH. Frax did the same with USDC. And Frax is much larger and more established than RAI.



<h2>Conclusion</h2>



So far, no algorithmic stablecoin has yet been sustainable. Yet, we have reason to believe that improving the stablecoin design and target mechanisms can make one successful in the future. Project teams think this and so does Vitalik in his own analysis.&nbsp; And of those trying it, the largest, most successful, and best designed of these algorithmic stablecoins is the Frax Finance $FRAX coin. We will be following it to see if we can get that decentralized medium of exchange the DeFi sector needs.

Can An Algorithmic Stablecoin Survive?

Today we are pleased to announce the launch of our Verified Provider Program.



The Verified Provider Program is an initiative to increase trust and transparency in the staking industry by verifying that Providers meet a set of criteria, including but not limited to, risk management, longevity, and security measures.&nbsp;



The program helps investors make quicker and more confident decisions when choosing between thousands of staking Providers.



<blockquote class="wp-block-quote">“Investors who stake with unreliable staking providers risk missing out on rewards or even losing their funds. We have launched the Verified Provider Program to help investors make smarter decisions by verifying that providers meet certain criteria before staking their funds. Don’t trust, verify!”&nbsp;<cite>Mirko Schmiedl, CEO at Staking Rewards</cite></blockquote>



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<h2>The Easiest Way to Find Reliable Staking Providers</h2>



Staking is a way to earn interest on crypto assets. Investors can pledge their crypto assets with a staking provider and earn rewards without having to directly participate in the validation process.



The challenge of choosing a staking provider is twofold: First, it is difficult to determine which providers will be trustworthy in the future. Secondly, in most cases its not transparent whether or not a given company follows industry best practices.



Our 2021 Ecosystem Study revealed that branding and reputation currently are key decision factors for most investors. However, this approach does not provide a complete picture of the provider&#8217;s reliability or security.



With the Verified Provider Program, we help investors make confident decisions about Staking Providers by performing in-depth due diligence.



<blockquote class="wp-block-quote">“Choosing between different validators can be difficult, especially since the process is intransparent and very technical. We are excited to join the first batch of the Staking Reward&#8217;s Verified Program as it will provide a verifiable methodology to distinguish high-quality validators and help us build trust with the staking community.”<cite>Florian Liss, CTO at Staking Facilities</cite></blockquote>



Staking Rewards’ Verified Provider Program saves time and allows you to stake confidently.&nbsp;



You will find an overview of all verified providers on our <a href="https://www.stakingrewards.com/verified-staking-provider/" target="_blank" rel="noreferrer noopener">website</a>.



Watch out for this badge to spot Verified Providers:



<figure class="wp-block-image is-resized"><img loading="lazy" src="https://lh3.googleusercontent.com/Hcu9Ad6Ofs8sOStugu3B9S1Rtj-MhOBtjKa9qrUPGavpMnDfFkXLN_GvbOU6ecAxEZDhq0RpkzVmNVYINJhmBG-_u2pZ_zKzIVmhgs-XLnFiQ6UahLi1ms_Hg_foFVa0qNwkI0yY71OECD7uuw" alt="" width="434" height="108"/></figure>



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<h2>Standards and Best Practices for the Staking Industry</h2>



Blockchains are trustless systems. All (trans)actions are verifiable on-chain. Thus we encourage all investors: “Don’t trust, verify!”



However, in the staking space, investors can only verify the on-chain performance of Validators. Staking Providers won’t share more detailed information about their operations and security set up due to its sensitive nature.



Staking Rewards&#8217; Verified Provider Program provides a self-regulated platform for providers to securely share information about their operations and security setup. We then assess and verify &#8211; on-chain where applicable &#8211; the provided information based on predetermined standards and best practices for the staking industry.



<blockquote class="wp-block-quote">“Staking Rewards is to Ethereum what Bloomberg is to fixed income. So Launchnodes is proud to be part of their Verified Provider Program.“<cite>Jaydeep Korde, Co-Founder and CEO at Launchnodes</cite></blockquote>



Providers who pass the program will be considered sufficiently trustworthy by Staking Rewards to provide reliable, secure services.



Due diligence is conducted on the following areas of the Provider&#8217;s operations:



<ul><li>Reliability</li><li>Security</li><li>Accountability</li><li>Liability</li></ul>



Other areas of consideration include Decentralization Ethos, Value Added Services, Customer Service, and Governance Participation. These count toward a separate “Value-Added Score” but are not required for verification.



Please read more about the details of the checks in the documentation <a href="https://docs.stakingrewards.com/verified-provider-program/" target="_blank" rel="noreferrer noopener">here</a>.



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<h2>An Ecosystem of Staking Platforms</h2>



Our ultimate goal is to bring transparency into the free, largely unregulated staking industry. We acknowledge that staking has a much wider scope in the cryptocurrency field than simply participating in Proof-of-Stake block validation, and we intend to address that.



Some crypto exchanges and lending platforms offer a combination of staking and institutional lending, which can be opaque and even more intransparent.



Proof-of-Stake Staking itself is getting further abstracted via Liquid Staking and ultimately may be offered as fixed income products for investors.



DeFi protocols (stands for Decentralized Finance) are providing lending services as an alternative to staking (&#8220;staking&#8221; in the sense of allowing a network to use your resources for the network&#8217;s benefit). Yield aggregators may eventually provide a mix between both.



Thus, we define staking as “putting your assets to work and earning rewards for doing so.” Providers are a layer of abstraction that allows users to put assets to work. They each have different risk profiles.



To provide a comprehensive list of ways to earn passive income on cryptocurrencies, we categorize providers into the following four types: staking-as-a-service providers, custodial providers, Liquid Staking and Defi Protocols.



<ol><li>Non-Custodial Staking Provider&nbsp;</li></ol>



Non-Custodial Staking Providers participate in Proof-of-Stake block validation on behalf of the user, or provide whitelabel solutions (validators). They often accept public delegations and are permissionless by design.



<ol start="2"><li>Custodial Staking Provider&nbsp;</li></ol>



Custodial Staking Providers are cryptocurrency exchanges, crypto banks, and institutional lenders that often provide a mix of strategies between staking, and lending to their users.



<ol start="3"><li>Liquid Staking</li></ol>



Liquid Staking Solutions are services that participate in the PoS block validation on behalf of their users and issue tradeable tokens (Staking Derivatives) as a representation of their staked position. These tokens may be further utilized in certain ways of yield generation. Users benefit from liquidity on their staked positions.



<ol start="4"><li>DeFi Protocols</li></ol>



DeFi Protocols are sets of smart contracts that provide financial infrastructure for the blockchain space. Protocols include lending marketplaces, yield aggregators and decentralized exchanges that allow users to earn yield for providing liquidity.



In the first batch of the Verified Provider Program, we start out with the category of Staking-as-a-Service providers. Soon be followed by the other categories.



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<h2>Verified Provider Batch 1</h2>



The following six verified providers make up the first batch of the Verified Provider Program, with several others in the pipeline.



<figure class="wp-block-image"><img src="https://lh4.googleusercontent.com/cWS_OAv6Nvj92dQdLiFEAIAfAMNVlbwOtmDL_wCKtClqZ6cBS7arUy5hIuCTPDhK_BAT-BtppHDZYdTAqPaa-gPqo-o4E6cj5Frnk_SftfhOAX55CULCbfWPTm8BXn-H72QkvYhtwTpG-2IF-A" alt=""/></figure>



<h3>Chorus One</h3>



Chorus One is one of the earliest and most reputable Staking Providers in the market. They maintain high standards for their infrastructure setup and support numerous other initiatives in the ecosystem, such as the Liquid Staking Working Group and podcasts. They recently launched an investment fund, too. Chorus One is an active governance participant dedicated to improving the staking experience for investors.



<a href="https://www.stakingrewards.com/savings/chorus-one/">Learn more about </a><a href="https://www.stakingrewards.com/savings/chorus-one/" target="_blank" rel="noreferrer noopener">Chorus</a><a href="https://www.stakingrewards.com/savings/chorus-one/"> One</a>



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<h3>Launchnodes</h3>



Launchnodes provides ETH 2.0 Beacon and Validator nodes as a product through the AWS marketplace. They provide investors with nodes-as-a-service at a fixed annual cost running the latest prismatic clients.&nbsp;



By staking ETH with Launchnodes, you can avoid counterparty risk and remain in full control of your setup. By using the Launchnodes concierge service, investors can easily configure their nodes and maximize returns.



<a href="https://www.stakingrewards.com/savings/launchnodes/">Learn more about </a><a href="https://www.stakingrewards.com/savings/launchnodes/" target="_blank" rel="noreferrer noopener">Launchnodes</a>



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<h3>Staking Facilities</h3>



Staking Facilities is a Munich-based infrastructure and service provider that has been operating in the space since 2017. They run multiple other initiatives in the PoS space including:



<ul><li>Solana Beach: a block explorer for Solana</li><li>Staking Facilities Ventures: their venture arm&nbsp;</li><li>Staking Academy: a platform for educational content on the PoS space</li></ul>







<a href="https://www.stakingrewards.com/savings/staking-facilities/">Learn more about Staking </a><a href="https://www.stakingrewards.com/savings/staking-facilities/" target="_blank" rel="noreferrer noopener">Facilities</a>



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<h3>Stakin</h3>



Stakin is a validation service provider for various Proof-of-Stake blockchain networks. They have been operating since December 2018. Stakin is an active governance participant on 18 of the 38 networks that they provide services on. They also have a Ventures arm that invests in protocols and bridges.&nbsp;



<a href="https://www.stakingrewards.com/savings/stakin/">Learn more </a><a href="https://www.stakingrewards.com/savings/stakin/" target="_blank" rel="noreferrer noopener">about</a><a href="https://www.stakingrewards.com/savings/stakin/"> Stakin</a>



<blockquote class="wp-block-quote">“Staking Rewards provides the most reliable staking data and we are glad to be recognized as one of the early Verified Providers on the platform. As Proof-of-Stake becomes the leading consensus mechanism and staking matures, we hope to see more verified staking providers. You can now stake with us assured that Stakin is a compliant operator with a strong track-record in both uptime, dedicated customer support and governance.”<cite>Edouard Lavidalle, Founder and CEO at Stakin</cite></blockquote>



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<h3>stakefish</h3>



stakefish provides staking services for some of the biggest Proof-of-Stake networks, many since their inception, including Cosmos, Tezos, and Ethereum 2.0. Their founder is Chun Wang, co-founder of F2Pool, a mining pool that has mined the most Bitcoin blocks in the world and is the second largest Ethereum mining pool. They also operate grantfish, a Cosmos ecosystem grants validator. 



<a href="https://www.stakingrewards.com/savings/stake-fish/">Learn more about</a><a href="https://www.stakingrewards.com/savings/stake-fish/" target="_blank" rel="noreferrer noopener"> </a><a href="https://www.stakingrewards.com/savings/stake-fish/">stakefish</a>



<blockquote class="wp-block-quote">“There are numerous new chains and validators entering this growing market. We as validators need someone who provides multiple data points and understands delegators to make their lives easier. Staking Rewards launching their Verified Provider Program adds immense value to the space. We are happy and honored to get verified. &#8220;Do not trust! Verify first!&#8221;<cite>Dasom Song, CMO at stakefish</cite></blockquote>







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<h3>HashQuark</h3>



HashQuark, a member of HashKey Group, is a staking service provider based out of Hong Kong and has been operating since January 2019. As one of Asia’s largest Staking Providers, they provide staking services on 31 networks and also operate KLAYportal, a staking tool built on Klayton Network.&nbsp;



<a href="https://www.stakingrewards.com/savings/hashquark/">Learn more about </a><a href="https://www.stakingrewards.com/savings/hashquark/" target="_blank" rel="noreferrer noopener">HashQuark</a>



<blockquote class="wp-block-quote">“We&#8217;ve been developing along with Staking Rewards and have witnessed its great growth. It is a reliable data provider for staking users and institutions. The new Verified Provider Program helps token holders to know more about staking service providers based on their team&#8217;s comprehensive research on the providers.It&#8217;s a great honor for us to be among the first batch of Staking Rewards Verified Providers.”<cite>Chen Li, CEO at HashQuark</cite></blockquote>



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<h2>Our goal is to develop a comprehensive navigator of trust and transparency for an emerging decentralized system.</h2>



We are already working on the second batch of providers.&nbsp;



Our goal is to assess and verify the legitimacy of all staking providers in the cryptocurrency market.



Staking Rewards&#8217; mission is to increase trust and transparency in the staking industry while fostering decentralization as a core value.&nbsp;



Healthy Proof-of-Stake systems rely on the decentralization of their networks. Unfortunately, most systems tend to centralize over time. Staking Rewards is committed to supporting smaller providers equally to foster decentralization. Thus we verify both large-scale service providers, as well as smaller providers who follow relevant industry standards.



We are a trusted data provider with no affiliation to any stakeholder in the industry. We provide transparent information to help stakeholders work together efficiently. We act as an enabler between investors, providers and protocols.



<blockquote class="wp-block-quote">&#8220;Staking Rewards is the trusted source for staking-related data. The new, innovative Verified Provider allows token holders to gain more confidence in the providers they are staking based on comprehensive, independently conducted due diligence by one of the most knowledgeable teams in Proof-of-Stake.”<cite>Felix Lutsch, Chief Commercial Officer at Chorus One</cite></blockquote>



If you are a Staking Provider and want to be assessed for verification, please contact us by filling out this <a href="https://www.stakingrewards.com/get-listed-providers/"> </a><a href="https://www.stakingrewards.com/get-listed-providers/" target="_blank" rel="noreferrer noopener">form</a>.



If you are a user and want your favorite provider to be verified, please reach out to them to contact us.



For more information please check the following resources:



<ul><li><a href="https://www.stakingrewards.com/verified-staking-provider/">Overview of all Verified </a><a href="https://www.stakingrewards.com/verified-staking-provider/" target="_blank" rel="noreferrer noopener">Providers</a></li><li><a href="https://docs.stakingrewards.com/verified-provider-program/">Gitbook Documentation for the full </a><a href="https://docs.stakingrewards.com/verified-provider-program/" target="_blank" rel="noreferrer noopener">verification</a><a href="https://docs.stakingrewards.com/verified-provider-program/"> process</a></li></ul>

Announcing the Staking Rewards’ Verified Provider Program &#8211; Batch 1

AssetMantle&nbsp;is&nbsp;a multi-tenant NFT marketplace framework that enables creators and collectors to securely mint, own, and trade digital assets on its fast-finality blockchain. The AssetMantle no-code toolset enables creators to permissionlessly create customized assets and marketplaces.



$MNTL is the native token of the AssetMantle ecosystem. $MNTL is&nbsp;a governance and staking token securing the MantleChain along with supporting the MantlePlace (NFT marketplace) transactions: minting, trading, royalties, and fees. Initially, the token will also help bootstrap genesis creators, liquidity provision,&nbsp;and NFT minting and trading activities through&nbsp;retroactive rewards&nbsp;and&nbsp;airdrops.



The&nbsp;$MNTL&nbsp;token is required as a&nbsp;deposit&nbsp;to create on-chain&nbsp;governance proposals. The token holders can then vote on these proposals with their staked $MNTL.



Let&#8217;s look into the process of staking $MNTL! 



<h2>How Much Can You Earn Staking AssetMantle?</h2>



Currently (at the time this tutorial was written), delegating $MNTL could earn you up to 147.17%. You can get a more up-to-date staking APR by checking out the AssetMantle <a href="https://www.stakingrewards.com/earn/asset-mantle/" target="_blank" rel="noreferrer noopener">Asset Page</a>.



<figure class="wp-block-image size-full"><img loading="lazy" width="1535" height="324" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/image.jpg" alt="Staking AssetMantle" class="wp-image-7978" srcset="https://cms.stakingrewards.com/wp-content/uploads/2022/06/image.jpg 1535w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-360x76.jpg 360w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-80x17.jpg 80w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-768x162.jpg 768w" sizes="(max-width: 1535px) 100vw, 1535px" /><figcaption>Click on the link to visit the AssetMantle Asset Page and see the latest staking data on $MNTL <a href="https://www.stakingrewards.com/earn/asset-mantle/" target="_blank" rel="noreferrer noopener">https://www.stakingrewards.com/earn/asset-mantle/</a></figcaption></figure>



Want more than just an APR? Our <a href="https://www.stakingrewards.com/earn/asset-mantle/" target="_blank" rel="noreferrer noopener">AssetMantle Asset Page</a> also has an earn calculator that allows you to input your investment amount, how long you wish to stake for, and also has a compound feature that shows your return if you compounded your staking rewards. 



<figure class="wp-block-image size-full"><img loading="lazy" width="1552" height="585" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-1.jpg" alt="Staking AssetMantle" class="wp-image-7979" srcset="https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-1.jpg 1552w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-1-360x136.jpg 360w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-1-80x30.jpg 80w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-1-768x289.jpg 768w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-1-1536x579.jpg 1536w" sizes="(max-width: 1552px) 100vw, 1552px" /><figcaption>Click on the link to visit the AssetMantle Asset Page and see the latest staking data on $MNTL <a href="https://www.stakingrewards.com/earn/asset-mantle/" target="_blank" rel="noreferrer noopener">https://www.stakingrewards.com/earn/asset-mantle/</a></figcaption></figure>



<h2>How to Stake $MNTL?</h2>



Staking AssetMantle can be done in 7 steps:



<ol><li>Go on to the <a href="https://wallet.assetmantle.one/" target="_blank" rel="noreferrer noopener">official website</a></li><li>Sign in with your Keplr Wallet</li><li>Find the staking section</li><li>Choose your preferred validator</li><li>Delegate your funds</li><li>Approve the transaction in your wallet</li><li>Check your staking rewards</li></ol>



The individual steps are explained in more detail below.



<h2>Step 1 &#8211; Go on to the official website</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="780" height="438" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/1.gif" alt="Staking AssetMantle" class="wp-image-7980"/></figure>



<ol><li>Head to <a href="https://wallet.assetmantle.one/" target="_blank" rel="noreferrer noopener">https://wallet.assetmantle.one/</a></li><li>Click on Sign In in the top right</li></ol>



<h2>Step 2 &#8211; Sign in with your Keplr Wallet</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="780" height="438" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/2.gif" alt="Staking AssetMantle" class="wp-image-7983"/></figure>



<ol><li>Download a Keplr Wallet if you don&#8217;t have one yet here: <a href="https://www.keplr.app/" target="_blank" rel="noreferrer noopener">https://www.keplr.app/</a></li><li>Click on Use Keplr to sign in (you can also use Ledger or your KeyStore File</li></ol>



<h2>Step 3 &#8211; Find the staking section</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="780" height="438" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/3-4.gif" alt="Staking AssetMantle" class="wp-image-7984"/></figure>



<ol><li>Click on Continue and you will get access to your MantleWallet. Here you will get an overview of your AssetMantle Token and its vesting status.</li><li>Click on Staking which is situated on the top right of the webpage.</li></ol>



<h2>Step 4 &#8211; Choose your preferred validator</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="780" height="438" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/5-6.gif" alt="Staking AssetMantle" class="wp-image-7985"/></figure>



You will see a list of different validators, including their Voting Power and the Commission they claim.



<ol><li>Compare the Validators </li></ol>


<div class="wp-block-image">
<figure class="alignleft size-full is-resized"><img loading="lazy" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-2.jpg" alt="" class="wp-image-7986" width="157" height="54" srcset="https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-2.jpg 215w, https://cms.stakingrewards.com/wp-content/uploads/2022/06/image-2-80x28.jpg 80w" sizes="(max-width: 157px) 100vw, 157px" /></figure></div>


Before you choose a validator, we recommend you to check <a href="http://stakingrewards.com" target="_blank" rel="noreferrer noopener">stakingrewards.com</a> if there is already a Verified Provider for AssetMantle.



 2. Select the validator you want and click on Actions.



<h2>Step 5 &#8211; Delegate your funds</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="780" height="438" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/7-9.gif" alt="Staking AssetMantle" class="wp-image-7987"/></figure>



<ol><li>After you have selected your validator, click Delegate.</li><li>Enter the desired amount you want to stake with this validator.</li><li>Click Submit.</li></ol>



<h2>Step 6 &#8211; Approve the transaction in your wallet</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="780" height="438" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/10-11.gif" alt="" class="wp-image-7988"/></figure>



Now you&#8217;ve almost got it.



<ol><li>Set your gas fees (default average is enough).</li><li>Click Approve in your Kelpr Wallet.</li><li>Voilà, you did it! Your $MNTL tokens are staked.</li></ol>



<h2>Step 7 &#8211; Check your staking rewards</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="780" height="438" src="https://cms.stakingrewards.com/wp-content/uploads/2022/06/12.gif" alt="" class="wp-image-7989"/></figure>



On this dashboard, you get an overview of your delegated $MNTL and the rewards they are earning.



When you want to claim your rewards, simply click Claim and the rewards will be transferred to your wallet.



<h2>Conclusion</h2>



Staking $MNTL through Keplr Wallet is an easy process and can be done in 7 easy steps. AssetMantle offers a very high staking APR that can make it profitable to stake if the team is able to keep the token price stable. 



Just Stake it!

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