Autocompound with REStake
REStake is a service that allows you to automatically re-stake your rewards. This means that you don't have to manually claim your rewards and re-delegate them to a validator. You can also set a minimum threshold for your rewards so that you only re-stake when you have a certain amount of rewards.
To set up REStake, you need to authorize REStake to send transactions on your behalf. This is done by using Authz, a new feature in Cosmos blockchains.
This guide assumes that you are using the Keplr browser extension to manage your wallets, but other wallets should work as well.
How to use REStake
Go to REStake and click on
Connect Keplr Extensionto connect your wallet.
Confirm by approving the connection with the Keplr wallet.
You will be redirected to the My Delegations page. Here you can see all the validators that you have delegated to.① The name of the validator.
② The interval at which you will re-stake your rewards.
③ The commission rate of the validator.
④ The amount of ACRE that you have delegated to the validator.
⑤ The amount of rewards that you have earned from the validator.
Click on the name of a validator to see the details of the validator.
Enable REStakeagain to confirm.
Confim the transaction with the Keplr wallet.
That's it! You have successfully enabled REStake for your delegation. Here you can now view when the next restake action will occur and change your REStake settings for this delegation or increase your delegation. You can repeat this process for all the validators that you have delegated to.