I discuss the Injective Protocol and the way you can delegate or stake your INJ token to make crypto passive income. I also discuss bridging to the Injective Protocol along with the INJ auction.
Staking/Delegating – Intermediate
You will need to purchase the INJ token your preferred exchange. You will also need a Metamask or another web4 wallet. Once you purchase those tokens you will need to transfer them over to your wallet. Once they arrive in your wallet you will need to bridge them over from Ethereum Mainnet to the Injective Protocol. Once they are bridged over you can now research the validator to delegate your tokens to. They provide good information on each of the validators including uptime. You can also reach out to them on Discord if you want to get more information. Once you choose the validator to delegate your tokens to you, all you need to do is hit delegate and choose the amount of tokens. There is a 21-day un-bonding period so if you need access to your funds they will be locked up for 21 days.
Chapters
0:00 Intro
0:17 Injective Protocol Project Overview
3:26 How to stake the INJ token
5:33 Injective Auction
*There are risks to staking and DeFi including vulnerabilities in people and in their code. Nothing is bullet proof, there are no guarantees, you are investing at your own risk and are responsible for your investment. None of the information in this video is financial advice. All of it is for educational purposes only. Please, also do your own research.
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