
<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1080" height="1515" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/What_if_I_told_you_1_1cdd9d8ba3.jpg" alt="" class="wp-image-7050" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/What_if_I_told_you_1_1cdd9d8ba3.jpg 1080w, https://tidy-ball-c49dc59f59.media.strapiapp.com/What_if_I_told_you_1_257x360_af3357332d.jpg 257w, https://tidy-ball-c49dc59f59.media.strapiapp.com/What_if_I_told_you_1_57x80_a13afefb16.jpg 57w, https://tidy-ball-c49dc59f59.media.strapiapp.com/What_if_I_told_you_1_768x1077_52ca47c909.jpg 768w" sizes="(max-width: 1080px) 100vw, 1080px" /></figure>



<h2 class="wp-block-heading">What is Celo?</h2>



<p>Staking <a href="https://www.stakingrewards.com/earn/celo/">CELO</a> through the Celo Wallet achieves a user-friendly experience through the use of users&#8217; phone numbers as public keys. This allows them to form a phone to phone social payment network. Within this network, network fees and governance votes utilize <a href="https://www.stakingrewards.com/earn/celo/">CELO</a>, the platform&#8217;s native token. </p>



<div class="wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile"><div class="wp-block-media-text__content">
<p id="by-staking-on-the-celo-network-you-can-expect-to-earn-a-6-return-by-staking-on-the-celo-network-your-tokens-are-delegators-to-validators-which-gather-transactions-from-nodes-and-execute-smart-contracts-through-a-byzantine-fault-tolerant-bft-consensus-protocol-you-earn-rewards-when-your-validator-is-selected-to-take-part-in-the-next-bft-consensus-vote">By staking on the CELO network you can expect to earn a 6% return. In this way, your tokens are delegated to <strong>Validators</strong> which gather transactions from nodes and execute smart contracts through a Byzantine Fault Tolerant (BFT) Consensus protocol. You earn <strong>Rewards </strong>when your validator is selected to take part in the next BFT consensus vote. </p>
</div><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="960" height="580" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/CELO_26_cd8a85963d.jpg" alt="" class="wp-image-6274 size-full" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/CELO_26_cd8a85963d.jpg 960w, https://tidy-ball-c49dc59f59.media.strapiapp.com/CELO_26_360x218_dd5a0e2170.jpg 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/CELO_26_80x48_a6eb3974a9.jpg 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/CELO_26_768x464_ecc3013bac.jpg 768w" sizes="(max-width: 960px) 100vw, 960px" /></figure></div>



<h2 class="wp-block-heading" id="prerequisites">What you need to stake Celo </h2>



<ul>
<li>Enough CELO to pay for fees, which are roughly 0.001 CELO</li>



<li>A CELO Web Wallet (Step 1)</li>



<li>A CELO Desktop Wallet (Step 3)</li>
</ul>



<h2 class="wp-block-heading" id="step-1-setting-up-your-celo-web-wallet">Step 1 &#8211; Setting up your CELO Web Wallet for staking</h2>



<div class="wp-block-media-text alignwide is-stacked-on-mobile"><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="400" height="400" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Untitled_design_15_78bd51f6fa.gif" alt="" class="wp-image-6265 size-full"/></figure><div class="wp-block-media-text__content">
<p>Your first step is to head to <a href="https://celowallet.app/setup">Celowallet.app</a> and go through the signup process to create your Celo Wallet. The process will require <strong>writing down</strong> your seed phrase, so make sure you have some paper nearby. </p>
</div></div>



<h2 class="wp-block-heading" id="step-2-finding-your-celo-wallet-address">Step 2 &#8211; Finding your CELO Wallet address</h2>



<div class="wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile"><div class="wp-block-media-text__content">
<p>You are going to need some CELO in your wallet to stake it. You view your CELO wallet address by clicking on <em>Receive CELO</em>.</p>
</div><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="400" height="400" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Copy_of_Unnamed_Design_1a197da03d.gif" alt="" class="wp-image-6266 size-full"/></figure></div>



<h2 class="wp-block-heading" id="step-3-setting-up-your-desktop-celo-wallet">Step 3 &#8211; Setting up your Desktop CELO Wallet</h2>



<div class="wp-block-media-text alignwide is-stacked-on-mobile"><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="800" height="800" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Celo_3_1_1_e9340d2f23.gif" alt="Celo Staking 3" class="wp-image-6977 size-full"/></figure><div class="wp-block-media-text__content">
<p>Staking your CELO must be done on the desktop app. In this next step, we can restore our CELO wallet onto the desktop app using the seed phrase of the CELO wallet we made in Step 1.</p>
</div></div>



<h2 class="wp-block-heading" id="step-4-locking-your-celo">Step 4 &#8211; Locking your CELO</h2>



<div class="wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile"><div class="wp-block-media-text__content">
<p>Before you stake your CELO, you will have to lock your CELO up. First, you have to click the down arrow on the green <br><em>More button</em> and then click <em>Lock</em>. On the next screen, you simply input the amount of CELO you would like to lock and then click <em>Continue </em>and then <em>Lock</em>. </p>
</div><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="800" height="800" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Celo_4_1_a78f59a61d.gif" alt="Celo Staking 4" class="wp-image-6975 size-full"/></figure></div>



<h2 class="wp-block-heading" id="step-5-exploring-celo-validators">Step 5 &#8211; Exploring CELO Validators</h2>



<div class="wp-block-media-text alignwide is-stacked-on-mobile"><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="800" height="800" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Celo_5_1_87a123fd14.gif" alt="Celo Staking 5" class="wp-image-6980 size-full"/></figure><div class="wp-block-media-text__content">
<p>Whenever you are delegating to a validator, you want to make sure they have a good track record. First click on the <em>More button</em> and then the <em>Stake button</em>. You can then click the down arrow on any validator to get a more in-depth summary of their status. <br></p>
</div></div>



<h2 class="wp-block-heading" id="step-6-delegating-to-a-validator">Step 6 &#8211; Delegating to a validator </h2>



<div class="wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile"><div class="wp-block-media-text__content">
<p>From the validator screen, click the <em>See/ Change your Vote </em>button, and then from the dropdown select your preferred Validator Group. After this, you will have to input how much CELO you wish to stake and then click <em>Continue</em> and then the <em>Vote</em> button on the next screen. Your CELO vote takes 24 hours to register and will start accruing rewards after that 24 hour period. </p>
</div><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="800" height="800" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Celo_6_1_52e04f9274.gif" alt="Celo 6 Staking" class="wp-image-6979 size-full"/></figure></div>



<h2 class="wp-block-heading" id="step-7-activating-your-validator-votes">Step 7 &#8211; Activating your Validator Votes</h2>



<div class="wp-block-media-text alignwide is-stacked-on-mobile"><figure class="wp-block-media-text__media"><img decoding="async" loading="lazy" width="800" height="800" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/CELO_7_1_1_2fdcf5dc37.gif" alt="Celo Staking 7 " class="wp-image-6978 size-full"/></figure><div class="wp-block-media-text__content">
<p>Your last step in staking CELO must be done 24 hours after the last step and just involved activating your validator vote. The process simply involves clicking on the <em>Vote for Validator</em> transaction in your transaction history and then selecting your validator group. From here just need to click <em>Continue</em> and then <em>Activate</em> and you&#8217;re done. </p>
</div></div>



<h2 class="wp-block-heading" id="conclusion">Conclusion</h2>



<p>CELO combines the tokenomics of a collateral-backed stable coin like LUNA with the social-payment system of Venmo/BEAM. Staking allows users to earn rewards that will end up covering future network fees, effectively mirroring the frictionless transactions of our current centralized finance system. The current Staking Rewards can be found <a href="https://www.stakingrewards.com/earn/celo/?page=1&amp;sort=stakingReward_DESC">here</a>. </p>



<p><br>Furthermore, the success of the CELO network is dependent on the quality of the light applications built, as they form the end-user experience. If these applications are user-friendly, we can expect user adoption to rise and CELO as a network to prosper as well.</p>



<h2 class="wp-block-heading">Important links</h2>



<p>Check out the most up to date staking data on our <a href="https://www.stakingrewards.com/earn/celo/">Celo Asset Page</a></p>



<p>Forecast your future income using the <a href="https://www.stakingrewards.com/calculator/?asset=celo">Celo Advanced Calculator</a></p>



<h2 class="wp-block-heading">Articles you don&#8217;t want to miss</h2>



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<p><a href="https://www.stakingrewards.com/journal/better-yield-with-anchor-protocol/">Get Paid to Take a Loan in crypto</a> </p>



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How to Stake CELO