Comdex
How to Stake Comdex (CMDX)
Last updated
Bridgetower Staking
How to Stake Comdex (CMDX)
Last updated
Comdex is a fully interoperable synthetics protocol that allow users to unlock access to a vast set of commodity debt assets and liquidity, making the flow of capital from DeFi to CeFi seamless. Comdex launched with a vision to democratize and revolutionize the commodities trade industry, one of the oldest and largest industries in the global economy. The Comdex chain is built to enable bridging of capital to assets across the DeFi and CeFi ecosystems. A truly decentralised ecosystem of solutions enables limitless access to global liquidity in finance.
Comdex aims to deliver a robust infrastructure layer that supports seamless creation and deployment of DeFi applications in the Cosmos ecosystem. The Comdex chain enhances investor’s access to a broad range of assets that help investors diversify and generate yield on their investments.
The CMDX token is inflationary in nature with an inflation of 30% set for the first year and a subsequent reduction of 25% in the inflation rate in each with the maximum supply capped at 200,000,000 CMDX. There is a 21 days unbonding period when you want to unstake your CMDX from the network. During this period. you earn 0 rewards and will still be susceptible to slashing.
Unlock the full potential of your staking activities with Bridgetower, the Switzerland-based blockchain infrastructure provider. Benefit from their impeccable track record of maintaining a 99.999% node uptime and managing over 10,000 nodes, ensuring uninterrupted access and reliable performance. Bridgetower's commitment to sustainability is evident through their exclusive use of certified renewable energy from Swiss hydropower plants, providing a carbon-neutral operation. Choose Bridgetower and experience a trusted, profitable, and eco-friendly solution for staking.
Anyone who holds CMDX can stake with a stake-supporting wallet, which this guide will cover creating wallet via Keplr browser extension and stake through Omniflix. Please see below for step-by-step instructions on how to stake CMDX to Bridgetower's validator node.
Bridgetower’s Comdex Delegation Address: comdexvaloper1ks4da6wzff7zdgkxydehl8ffp7k3dffc3x2q7a
Validator Node on Mintscan:
Note: Remember to pin your Keplr browser extension to easily access your wallet.
Once installed, click on the Keplr extension and the page popup, which this guide will cover the options to:
a. Create new account- generate new recovery phrase [See 3a]
b. Import existing account- recover wallet with recovery phrase [See 3b]
c. Sign in with Google if you already created wallet and connected to your Google account [See 3c]
1) Input desired name in “Account name” and write down your Recover Phrase in the exact order given and then click on “Next”.
Important! It is not safe to take a picture or make a screenshot while saving a recovery phrase. Do not store your mnemonic password on online media and do not share it with anyone, otherwise, your funds may be stolen.
2) Input the recovery phrase in the exact numerical order. Click “Register”.
3) Click “Done” and you’re all set to view your wallet.
1) Input recovery phrase in exact order on the screen, Account name and password, and click “Next”.
2) Click “Done” and you’re all set to view your wallet.
Use this in the event you already created a wallet and connected your Google account
1) Google popup will require you to input your Google login credentials.
2) Input desired name in “Account name” & password and click on “Next”.
3) Click “Done” and you’re all set to view your wallet.
Copy your CMDX address by clicking on the “Copy” on upper right corner of your dashboard and paste into another wallet to initiate CMDX deposit to your wallet.
Once transferred, scroll and find Bridgetower in “All Validators” and click “Delegate”.
Input desired amount to stake and click “Delegate”.
and click on “Connect” on upper-right corner.
