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            <title><![CDATA[Delegating with Vault Staking on Canto]]></title>
            <link>https://paragraph.com/@vault-staking/delegating-with-vault-staking-on-canto</link>
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            <pubDate>Tue, 07 Mar 2023 21:39:20 GMT</pubDate>
            <description><![CDATA[IntroductionSo you’ve heard about Canto, an Evmos-fork blockchain that acts as an intermediary between EVM networks such as Ethereum, and Polygon, and the Cosmos ecosystem, home of Osmosis, Akash, Arable, and many more! Sounds like a potentially excellent investment opportunity, no?Why Delegate to Vault Staking on Canto?Canto’s ecosystem is exceptionally fast-growing, with its Total Value Locked (TVL) growing by over 300% between January and February 2023. For the last month, Canto has been i...]]></description>
            <content:encoded><![CDATA[<h1 id="h-introduction" class="text-4xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Introduction</h1><p>So you’ve heard about Canto, an Evmos-fork blockchain that acts as an intermediary between EVM networks such as Ethereum, and Polygon, and the Cosmos ecosystem, home of Osmosis, Akash, Arable, and many more!</p><p>Sounds like a potentially excellent investment opportunity, no?</p><h3 id="h-why-delegate-to-vault-staking-on-canto" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">Why Delegate to Vault Staking on Canto?</h3><p>Canto’s ecosystem is exceptionally fast-growing, with its Total Value Locked (TVL) growing by over <strong>300%</strong> between January and February 2023. For the last month, Canto has been in the top 10 for daily on-chain volume (<strong>#7</strong> at time of writing), and has an extremely healthy Market Cap:TVL ratio of <strong>1.02</strong>. Delegations currently (Feb 27th 2023) earn <strong>14.53% APR</strong> on any amount staked.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/ed2af8c14b2e5064779283f81d89dbc3db9b42f016c71162709615ad609614e7.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Vault Staking offers 100% protected Delegations, which means that if for whatever reason the Validator is slashed (penalized for downtime/failure to perform Validator duties), delegator funds are refunded in full. Vault Staking is an experienced and professional group with years of experience running Validators with extraordinarily high up-times on many other chains!</p><h1 id="h-where-to-buy-dollarcanto" class="text-4xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Where to Buy $CANTO</h1><p>$CANTO is available on a handful of markets; a couple mainstream CEXs (Centralized Exchanges) and other common tokens such as $USDC and $ETH can be bridged from popular EVM networks like Ethereum, Polygon and BNB.</p><h2 id="h-buying-dollarcanto-on-a-centralized-exchange" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Buying $CANTO on a Centralized Exchange</h2><p>At the time of writing, $CANTO can be bought on the following CEXs:</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/49d40e0e4b127af50f73bab51a08c2b9b640abbe3483494704a2912cf041d631.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Find the $CANTO trading pair on your preferred CEX (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.mexc.com/register?inviteCode=1DuG3"><strong>MEXC</strong></a> shown):</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/af9350de72b56848cef7298365664397264e5aff8c0d63b9e337bfdcb36435a5.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Put in a Buy order using the Limit, Market or Stop-Limit functions of your preferred amount at your preferred price:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/f63124dbdb1769319cf62d996c854c1869c46943121fce703d156841c6cb47a6.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Once your order is filled, Withdraw the funds from your Spot account to either <strong>EVM</strong> or <strong>Cosmos</strong></p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/b5147316f49804e7d570bc26657cc2d0ce899e596857e787bf7b15cbfcc58b0f.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><em>If withdrawing to a Metamask/Trust/CBW EVM address, use CANTOEVM. CANTO Cosmos transfers are not yet available</em></p><h2 id="h-sending-tokens-via-synapse-protocol" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Sending Tokens Via Synapse Protocol</h2><ul><li><p>Before beginning, ensure you add the CANTO Network to your wallet:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/619e1ab82cf2dd6f8d681802bcce1472fffba15aab89e5be84b66c9c070a7660.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Go to <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://synapseprotocol.com/">Synapse Protocol</a> and connect your wallet</p></li><li><p>Choose your Origin Chain where you would like to bridge funds from. Cheapest chains are Polygon, BNB and AVAX, bridging from Ethereum, Arbitrum and Optimism will be more expensive:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/b09125a02629216be5deb3ec2d2024c7a39061fe00d267c12cff7064951b9b3e.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Choose Canto as your Destination Chain:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/228154634e080fa26ea46d0f2a85fbd415c92325849120510c4284b1b356da29.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>If it’s your first time sending, you will be asked to Approve the token first. This will cost one transaction’s worth of gas on your Origin chain:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/e558345bdb851a49ac5937a8536ff846f3388b60e63fc4469b9eda5605154430.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/2be9a12f82d8eb9270a6ea09506dbb3626e7234cf586f902795a12e769835a00.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Once confirmed, click “Bridge your funds” and accept the transaction. Note that Synapse will also convert a small portion of your funds into 1 $CANTO so you have gas on the Destination Chain:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/44b50ea04dca5b872915bc4659567b816188f639d2eefb8f476886793b1f7b28.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Once initiated, the Bridge Watcher will begin a countdown displaying how long until your Bridge is complete (should take 8-10 minutes on most networks):</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/92e4c7c455b5037602774e52d1b63c31726e549ad7eeaa52b06c93d2530426c4.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Once completed, navigate to <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://app.slingshot.finance/swap/USDC">Slingshot DEX</a>, and select USDC -&gt; CANTO as your swap option:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/c104854df30e59055fdd74d9f7d37f13224cbad74d0fbf44d31cfb40afff7f0a.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>You can max out your USDC to CANTO swap, as this will just be Delegated to the Validator. Click “Review Swap”. It will ask you to “Unlock” (Approve) the token for trading/swapping. Confirm this transaction:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/fdb81eddfb9bf16e4b4546fafea3ebd1d6faecca46daa175e409a3f6f36bb455.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Once Approved, you can Swap tokens by clicking “Swap”:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/1672f96b78418cbb72246757e3098c60cfe961012fc8ee08ce41e29bf5dc8b98.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><h2 id="h-delegating-to-vault-staking-on-canto" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">‍Delegating to Vault Staking on Canto</h2><ul><li><p>Navigate to <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://canto.io/staking">Canto Staking</a>. and connect your wallet to the site</p></li><li><p>Click “All Validators”:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/442d4460c762964f0665c48023278ec1fd5598e55600cfad3850043a1aa24c59.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Click into the Search box, and enter “Vault Staking”, and Vault Staking should appear as the only result. Click on the listing:</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/59dffeaa31fb8b5999107cf60d7aa5c3952ed5da742be4569062d775e688a5ed.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ol start="4"><li><p>In the pop-up, in the “delegate” box, enter the amount you wish to Delegate (or click “Max”), and agree to the statement, then click “delegate”:</p></li></ol><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/66ec45b65eddddd01fc7f41f25bd05018c2d8f59e1554e2338bf1bbd776a7a19.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p>Once complete, you will get a confirmation statement that the transaction is complete!</p></li></ul><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/f5b735a6550de4956cfddf23dc863b3cdb8fca9a1e3fa3deca268cc773c8c00c.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure>]]></content:encoded>
            <author>vault-staking@newsletter.paragraph.com (Vault Staking)</author>
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