Just staked my first ONE today and how you can too

Alright you script kiddies. Listen up. I just became a staker with Harmony ONE and I’m about to tell you what I learnt through the 4 hour process to save you newbies some time.

But first (skip this paragraph if you are sensitive), I have to shill Harmony ONE since I am a bag holder. I chose this token because they are relatively new, have a silicon valley golden boys team, already big enough ($1.4B) but not compared to similar layer 2 solutions such as MATIC ($7.9B). Also staking rewards is decent at ~10.5% per year and lockup time is only 7 days. So I am LONG ONE and WHY NOT JUST STAKE FOR 7 DAY’S.

OK so onto the juicy stuff. READ* this is for Harmony ONE fanboys who keep bags in their Ledger or worse, on their exchange like degenerate lazy apes.

Checklist for Harmony Staking:

1. Have a Ledger Nano S. Because please use a cold wallet for security. And because they don’t support the Nano X.

2. Choose a Validator. It’s too much time to set up a validator node. You need to have a staking pool of 4.5 Million+ ONEs and there’s only 640 slots available. Just choose a validator from the validator dashboard on the Harmony.One website. One with more than 4.5 Million delegated tokens and one that has 0.00% fees. Don’t get fooled by expected returns of anything more than 10.5%, that’s just a new validator settling in.

3. Transfer your ONE’s your Ledger Nano S.

4. Delegate with your Validator.

5. Claim your rewards after 7 days and stake that too, compounding your stake.

But at least you didn’t miss out on some free staking rewards!