Discover how to stake AURA on AuraScan, the innovative blockchain explorer for the Aura Network. Learn about selecting validators, delegating, and managing your staking rewards with our comprehensive guide.
What is Aura Network?
Aura Network is a high-performance Layer 1 blockchain ecosystem designed to drive the mass adoption of Web3 technologies in emerging markets. It offers a robust platform for minting, rating, tracking data, and trading NFTs, simplifying the management of trading assets in the crypto market.
- Aura Network Foundation: Collaborates with brands and IP owners to transition their Web2 portfolios to Web3.
- User Experience: Prioritizes an enhanced user experience.
- NFT Adoption: Promotes real-life NFT use cases.
- Developer Tools: Provides open-source, scalable tools for Web3 developers.
- Cosmos SDK: Built using the world’s most widely used blockchain framework.
Learn more about Aura Network.
What is AuraScan?
AuraScan is an essential tool within the Aura ecosystem, serving as a blockchain explorer that provides search and analytical data for Aura Network. It also features functionalities related to smart contracts.
On AuraScan, users can:
- Query basic on-chain information such as blocks and transactions.
- Participate in network governance through delegation and proposal voting.
- For developers: Lookup, verify, and interact with smart contracts.
AuraScan is currently available for the latest Euphoria testnet, with features being continuously updated. Explore it at: HERE
Why AuraScan?
AuraScan excels as a blockchain explorer in the Cosmos ecosystem due to three key strengths:
Smart Contract Support
AuraScan is among the few Cosmos explorers that support smart contracts, making it a valuable tool for developers and users alike.
User-Friendly Interface
Inspired by Etherscan, AuraScan offers a smooth onboarding process and an intuitive user interface, making it easy to navigate.
Comprehensive Token Information
AuraScan provides detailed information about tokens, including price, price changes, 24h volume, market cap, token holders, and more. It supports both CW-20 and CW-721 tokens (NFTs).
Staking guide on AuraScan
Staking on AuraScan is straightforward. Follow this detailed guide to get started:
Select your validators
Choosing the right validators is crucial. AuraScan’s staking interface provides essential information about each validator, including their name, description, and initial commission rate. This information helps users make informed decisions.
Delegate to a validator
After selecting a trusted validator, delegate your AURA by following these steps:
- Click on “Delegate.”
- Connect your wallet to AuraScan if needed.
- Choose the amount of AURA you want to stake and delegate.
Staked AURA holders can claim their rewards by sending a claim reward transaction, which will automatically transfer rewards to their wallet. To maintain network security and decentralization, it’s advisable to delegate AURA to multiple validators.
Undelegate a validator
To make your staked assets liquid again, you need to undelegate. During the unbonding period, you will:
- Not receive further staking rewards.
- Not be able to cancel the unbonding.
- Need to wait until the end of the unbonding period for the assets to become liquid.
To undelegate, go to staking management, select “Undelegate,” and enter the amount of AURA you wish to undelegate.
Conclusion
AuraScan, with its user-friendly interface and comprehensive features, revolutionizes staking in the Cosmos ecosystem. By partnering with Originstake, a trusted validator, AuraScan ensures secure and profitable staking experiences. Join us now to be part of the Web3 revolution with AuraScan and Originstake.
About OriginStake
Originstake is your professional and trusted validator that assists you in your staking activities. We provide full support services, a reward management dashboard, rewards sharing, and much more!
With Originstake, staking is safe, profitable, and extremely cost-effective!
