WalletConnect

Learning how to delegate

Delegating GRT with WalletConnect.

You can use WalletConnect to delegate on The Graph Protocol. Let’s have a look how delegating via WalletConnect works.

Delegating via WalletConnect.

Here’s what you’re going to learn today. We’ll have a detailed look at each step in the explanations below.

1

Connecting WalletConnect

Preparing WalletConnect and connecting it to the official network page of The Graph

WalletConnect Logo
2

Delegating to an Indexer

Selecting a profitable Indexer and clicking the delegate button on the network page

logo
3

Confirming transactions

After selecting the amount of GRT to delegate, all you need to do is to confirm the transaction

Step 1 – Connecting WalletConnect.

After you’ve downloaded a wallet that is supported by WalletConnect or logged into your existing wallet, you can connect your wallet to The Graph Network. To do so, visit the official network page and click on the Connect Wallet button. Choose WalletConnect in the popup.

WalletConnect

Open your wallet, for example TrustWallet, and find the WalletConnect settings. Once you have found the settings, open op the WalletConnect QR-Code scanner within the wallet of your choice. If you’re using TrustWallet, this can be found by navigating to settings and then WalletConnect.

Scan the QR-code and you will see a prompt asking you to approve your wallet so that it can connect to network.thegraph.com. Once approved, you’re successfully signed in.

Step 2 – Delegating to an Indexer.

Once you have found an Indexer you want to delegate to, you can go ahead and make your very first interaction with the delegation contracts of The Graph. More on selecting trustworthy Indexers can be found here: Choosing Indexers.

Delegating-GRT-Tokens

Keep in mind that in addition to the ETH gas fee you will also have to pay a 0.5% delegation tax, which is paid in GRT. You will also have to take into account that your tokens are subject to a 28 day thawing period once you undelegate. During this lookup period, you’re not able to earn rewards with your tokens and cannot move your GRT.

Step 3 – Confirming transactions.

Navigate to Participants on the network page of The Graph and find the Indexer of your choice. On the right-hand side, you will find a small circular button. Click this button and you will see the option Delegate. You can now insert the amount of GRT you wish to delegate. Here’s the entire process:

Approving-Transaction

After this, the wallet you have connected through WalletConnect will prompt you to sign two transactions. Click on Submit Transaction and Confirm the transaction in the next step. Once the first transaction has been processed, another request will pop up. Sign the second transaction and you’re done.

After the second transaction has been processed, you will receive a notification from your wallet. If you see this, you have successfully delegated for the very first time!

Summary

Fantastic! You are now an active Delegator on The Graph Network! 

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