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Celo is a public, open-source, proof-of-stake blockchain designed to facilitate a global payment infrastructure for mobile users. CELO is the utility and governance token for Celo. Anchorage Digital offers support for Celo (CELO), including custody and delegation:
  • Custody your CELO (deposit/withdraw)
  • Delegate and undelegate CELO to any validator
  • Collect and delegate your rewards

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Key features

“Voting” is the term used on Celo to represent the act of staking CELO.
Clients stake CELO by first locking the amount of CELO they wish to stake on the Anchorage Digital app. CELO must be locked before staking to prevent it from being transferred. Locked CELO can be used to participate in governance proposals, even if it is used in staking. Important notes:
  • It takes three days to unlock tokens.
  • There is a waiting period of one to two days before clients can accumulate rewards from staking.
  • Collected rewards are automatically added to the voting (staking) pool, so rewards will automatically re-delegate over time.

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Preparing your account for staking

1

Enable account for staking

  1. Locate the CELO group vault and select Start voting.
  2. Review and accept the disclosures to proceed.
  3. Select Contact Anchorage Digital to get started to activate your account for voting.
2

Lock CELO assets

  1. After account activation, tap Continue to lock CELO assets for voting.
  2. Enter the amount of CELO to stake and select Lock for Voting to proceed.
  3. Tap Submit & lock to confirm.
Biometric approval is not required to lock CELO.

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How to stake CELO

After activating your account and locking your CELO assets, you can stake CELO directly on the Anchorage Digital iOS app:
1

Locate the CELO vault

Find the CELO vault and select Vote.
2

Vote for validator group

Tap Vote for validator group.
3

Enter staking details

Enter the validator group’s address and the amount of CELO to stake.
4

Review and confirm

Review and confirm the operation.
Quorum approval is required when staking CELO.

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How to unstake CELO

1

Locate the CELO vault

Locate the CELO vault and tap Vote.
2

Select the validator

Tap on the validator to unstake CELO.
3

Withdraw votes

Select Withdraw votes.
4

Enter unstake amount

Enter the amount of CELO you wish to unstake.
5

Review and submit

Select Review and submit to confirm.
Clients successfully unstake CELO once their quorum approves the operation.

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How to increase or decrease staked CELO

Clients may adjust the amount of staked CELO at any time in order to increase or decrease their “voting power”:
1

Locate the validator

Locate the validator used to stake CELO assets and tap Adjust.
2

Lock or unlock CELO

Tap Lock CELO to increase your voting power or tap Unlock CELO to decrease your voting power.
3

Enter amount

Enter the amount you would like to lock or unlock.
4

Review and confirm

Review and confirm the operation.
Biometric approval is not required for this operation.

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How to participate in on-chain governance

Clients may also vote on governance proposals:
1

Find the governance proposal

Locate the Governance tab and tap on a governance proposal.
2

Submit your vote

Submit a vote by choosing an option and tap Vote.
Clients successfully participate once their quorum approves the operation.