Automatic Restaking with CRO & dWeb Guide
Updated: Feb 3
You can now stake your CRO on the dWeb Guide node and AUTOMATICALLY RE-STAKE all your earnings through the node.
This is a bit of a game changer and makes earning compound interest on your money so much easier.
If you are new to staking, read the instructions below for a super simple start to the world of secure passive income through staking. You might also want to check our original posts on staking so you understand what it all means. These are linked below.
We are using the Restake app through the Keplr wallet and extension and we will use the Keplr as an example below. You can also do this with the Leap Wallet.
If you have already staked your CRO on our node (or another) using the crypto.com DeFi Wallet, you can set up your new Keplr wallet with your existing seed phrase. This means you don't need to unstake then restake!
SECTION A. SETUP AND FUND
1. Buy CRO
We recommend the crypto.com app or exchange.
2. Set up Keplr on your desktop or phone
You can get the desktop version here. For your mobile device, find the keplr app in your app store.
On desktop, click on the blue Connect Wallet button and you will be asked to add the keplr extension. Note that this is only available on chrome.
Once its set up you need to create an account OR you can import an existing account (for example from mobile to desktop) by using your 12- or 24- phrase key.
IMPORTANT: When setting up your Keplr account, you can use the seed phrase from your crypto.com DeFi wallet (IMPORT EXISTING ACCOUNT). This brings all your information across to Keplr and you don't need unstake just to restake.
3. Fund your new Keplr account with CRO
If you start a NEW account in Keplr, you will need to fund it. When the account is set above through the step above, you will be able to navigate to the crypto.org chain and then find your wallet address. You can copy it from the top right hand side of the page. The wallet address should start with CRO. You can also view the QR code to deposit CRO easily via your phone.
If you used your crypto.org DeFi seed phrase to set up a new Keplr account you don't need add funds if you are have funds in there, or have already staked.
SECTION B. STAKE AND AUTOMATE
4. Stake your CRO funds to dWeb Guide
Now you can stake. In Keplr, search for dWeb Guide in the list of validators then click on Manage. Then click on the blue DELEGATE button in the popup. You will need to type in the amount to Delegate (or just click the MAX button), then click on the blue DELEGATE button again. You will be asked to approve the delegation then wait a moment. Your dashboard will appear again and you will see the amount you just staked! Easy?
5. Automate your Restaking
Now we need to automate compounding with the restake app. Go to this site and choose the crypto.org network then click on the blue Change Network button. You can do this on mobile through your mobile browser.
Then find our node: dWeb Guide (we were at #36 at time of writing). When this appears, click on the blue CONNECT button and then 'Connect Keplr Extension'. You will need to click on the approve button on the popup.
Now you need to click on the green ENABLE button to authorise us to keep restaking for you whenever you have earnings. Another popup will appear which you will need to approve. It will show a 1-year expiry date, which you might want to note in your calendar.
THIS STEP CAN ONLY BE COMPLETED WHEN YOU HAVE STARTED MAKING EARNINGS IN YOUR NEW KEPLR WALLET. THIS IS USUALLY WITHIN A COUPL OF DAYS OF STAKING SO CHECK BACK HERE SOON. Clicking the enable button will show you if this is ready or not.
On MOBILE, you can link your crypto.org wallet with your Keplr app, and then open the restake app on your browser to automate it all! Easy.
6. And you're done!
Have a read of our information on staking and why it's so great, plus keep up to date on our validator node by subscribing to news on our website.
Our commission fees for the node go towards running this site, so its a worthy cause!