Our goal is to become a trusted baker so we have automated rewards to be paid after each cycle!

For now, we are focusing on Tezos only but we plan to stake other tokens in the future also.

Delegate your Tezzies (XTZ)

On this tutorial we will explain how to delegate your Tezzies, using the Tezbox wallet. Once, you have created a wallet on Tezbox and maybe by linking your Nano S, you should have a page who looks like this.

To delegate your Tezos you need to create a KT address that will allow you to delegate your XTZ. It’s not possible to delegate directly using a Tz address.

To do that just click on Add Account, you need some Tezos to validate the address and to pay the small creation fee linked to it (~0.260XTZ). So before creating a KT address, make sure you have enough funds available on your wallet by simply sending some Tezos to your wallet.

Click here if you want to compare places where you can buy Tezos

Once your wallet is funded and you are ready to add your KT account here is the message that appears.

Click on Yes, continue, and then you will need to approve the operation directly on your Ledger Nano S (if you have previously linked your wallet using Ledger.)

Once the operation is confirmed (once again by pressing the right button on your Ledger Nano S) your KT address will be created.

Once your KT address is created you need to send some funds to it and once again validate the transaction on your Ledger device.

This part is important. Delegators do not need to hold custody of their clients. The funds should be sent to your own KT address and not directly to your baker. (Except for some Baking as a Service model)

It should take a few cycles before you are able to see your balance and start to earn interest on your holding thanks to delegation services.

When your funds arrived on your KT address, the only things you need now is to choose the right baker for you.

To find a good baker you can go on a website like https://mytezosbaker.com/ and choose the baker service you prefer. Make sure that the baker you choose is not over delegate because if it is, you will not receive rewards on your baking.

You can have a look at this video if you want to know what you should consider in a baking service made by CryptoLiveLeak

You can also trust us, PoS Bakerz and our trusted service with only 2% paid fees.

In the rest of this tutorial, we will now explain how you can delegate your Tezos to PoS Bakerz.

Let’s go back on TezBox, in the KT address and then go on Delegate.

Open the Delegate Options and choose “Custom”.

Now, you only need to enter our Baking address in the “Custom Delegate” case: tz1Vyuu4EJ5Nym4JcrfRLnp3hpaq1DSEp1Ke

If you used your Ledger, once again, you will need to validate the operation on your device.

Please note, it’s important to enter the address directly on the Custom Delegate case and not send the funds directly to the address mentioned.

When delegating, the funds are always yours and you are able to move them at any time you want or to delegate with another baker as soon as you decide.

If the operation has been a success you can verify it using TzScan. Under delegate, if the operation is successful you should see “True” next to “Delegatable” and the Baker address next to “Delegate”.

To check if your earnings are coming on your account, we advise you to use Baking Bad service if you want to receive a message every time a payment is done on your address by the baker.

This is it, now you just have to relax and start to earn interest on your Tezos.

*Please allow 7 cycles before receiving the rewards from your delegation. (You can check this article if you want to know more about this)