Stake UMB in StakingBank for Validator

In order to have voting power validator must stake UMB. This is few simple steps how to do it.

How to stake UMB

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Images are here just for example

Please do not try to rewrite what's there because it might change over time. Please execute the steps.

1. Resolve StakingBank address: go to ContractRegistry in blockchain explorer (eg. Etherscan, BSCscan) and use Read tab to pull the address and copy it.

2. Use same way to get UMB token address and go to the token contract page. This should be that address: https://bscscan.com/address/0x846f52020749715f02aef25b5d1d65e48945649d
3. Go to Write Contract tab on UMB token contract and connect you validator wallet

4. Use approve method on UMB token contract to allow StakingBank to stake validators UMB

• paste the StakingBank address into spender field
• amount must be at least the value you want to stake, note that UMB token has 18 decimals, so 1 UMB = 1e18 (1 and 18 zeros)

4. Go to StakingBank contract (NOT UMB token), open Write tab, connect validator wallet and use stake method to stake UMB - this step can be done only when validator is already registered.

Once you done, you can check your staked balance by opening Read tab and using balanceOf method.

Your validator has voting power now!