🗄️Base Delegation Guide
This guide is designed to provide you with clear instructions for managing your CRO stakes across different platforms, including Crypto.com Onchain Wallet.
Crypto.com Onchain Wallet
Crypto.com Onchain Wallet provides intuitive user interface through Earn simplifies the process for staking, claiming rewards, claim to restake, unstaking, and redelegation. The Onchain Wallet App offers the ability to select from a list of approved validators for both staking and changing your delegation from one validator to another.
Delegate CRO on Crypto.com Onchain Wallet
Tap [Earn] on the bottom navigation of your Onchain Wallet app
Tap [Start Earning] or [Earn More] to see the list of tokens supported for earning
Select CRO and enter the stake amount to see the projected annual earning based on the latest estimated annual reward %
Tap on the “To Validator” dropdown to choose another validator from our whitelisted validator list (we recommend not to stake to a validator with an existing voting power of >15%)
Review and confirm the staking by tapping [Confirm Stake]
Authorize the staking request with your passcode (and 2FA if enabled)
Wait for the on-chain confirmation of your staking request
Once confirmed, you will see the refreshed CRO staking assets on your Earn screen
Undelegrate CRO on Crypto.com Onchain Wallet
You can unstake your CRO delegation anytime by following the below steps.
Tap [Earn] on the bottom navigation of your Onchain Wallet app
Tap on your CRO assets to navigate to Cronos POS Chain Staking details screen
Tap [...] > [Unstake] for the corresponding Validator’s delegation
Enter the unstake amount
Review and confirm the unstake request by tapping [Confirm Unstake]
Authorize the unstake request with your passcode (and 2FA if enabled)
Wait for the on-chain confirmation of your unstake request
Once confirmed, you will see the refreshed CRO staking assets on your Earn screen and your unstaked balance will be moved into the “Unbonding Balance” and undergo the 28-day unbonding period
You can view your unbonding countdown via [...] > [View Unbonding Details] for when your unstaked amount is available in your CRO wallet for usage
After completing the 28-day unbonding period, the CRO balance will be added back into your CRO wallet automatically.
Once you unstake your CRO, all unreceived rewards will be deposited into your wallet automatically.
Redelegate CRO on Crypto.com Onchain Wallet
You can redelegate your existing delegations - change stake from one validator to another without undergoing the 28-day unbonding period
Tap [Earn] on the bottom navigation of your Cronos POS Chain Staking details screen
Tap [...] > [Switch Validator] CTA
Enter the amount that you want to switch from the existing validator to another validator
Tap on the “To Validator” dropdown to choose another validator from our whitelisted validator list (we recommend not to stake to a validator with an existing voting power of >15%)
Review and confirm the switch validator (redelegate) request by tapping [Confirm Switch Validator] Please note that you cannot redelegate any CROs on the receiving validator for 28 days afterward as enforced by the Cronos POS Chain to prevent “redelegation hopping” within a short period of time
Authorize the switch validator (redelegate) request with your passcode (and 2FA if enabled)
Wait for the on-chain confirmation of your request
Once confirmed, you will see the staking delegation change to the new validator
Restrictions on Re-Delegation
When managing your CRO delegation, be aware of the following restrictions:
Re-Delegation Limit: There is a limit on the number of re-staking/undelegation operations you can perform in a row, which is typically capped at 7 consecutive actions.
Cooling Period: Undelegating your CRO will initiate a cooling period during which your tokens will not be accessible or redelegable. This is a security measure to prevent rapid switching and to stabilize the network.
Your unstaked CRO will be available to you after a 28-day unbonding period, as enforced by the Cronos POS Chain. This is to protect against a Validator attacking the Cronos POS Chain and then immediately withdrawing the stake amount.
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