Redelegate Funds
Last updated
Last updated
Redelegation allows you to transfer your staked tokens from one validator to another without waiting for the unbonding period. This provides flexibility to adjust your delegation based on validator performance, rewards, or risk preferences.
In the Select validator dropdown menu, choose the validator to whom you want to redelegate your staked tokens. The platform provides a list of active validators along with their details, such as commission rates and performance.
Tips for Validator Selection:
Low Commission Rates: Validators with lower commission rates allow you to retain a higher portion of your staking rewards.
High Performance: Choose validators with a good track record of uptime and no history of penalties or slashing.
Diversity: Consider diversifying your delegation across multiple validators to mitigate risks.
Enter your wallet's mnemonic phrase in the Enter mnemonics to authorize the transaction field. This verifies your identity and ensures only the wallet owner can initiate the redelegation.
Use the clipboard icon to securely paste your mnemonics if they are stored in a password manager.
Review all details before submitting:
Verify the selected validator is correct.
Ensure your mnemonic phrase is entered accurately.
Click the Redelegate button to initiate the redelegation process.
Your wallet may prompt you to confirm the transaction. Approve it to finalize the redelegation.
