Courtesy of Validator🌐Network.
The provided script enable delegators to claim all their staking rewards and reinvest them, to receive compounded interest. In addition to this, it supports withdrawal of validator commission.
There is no requirement to run a local full node as the script defaults to using the https://cosmoshub.validator.network:443 RPC endpoint.
First download the script and make it executable:
curl -O https://raw.githubusercontent.com/block-finance/cosmoshub-scripts/master/cosmoshub-reinvest-rewards.sh
chmod +x cosmoshub-reinvest-rewards.sh
The script has some default settings and only requires you to provide the name for the account you wish to work with.
The name must match the output of the NAME: column of gaiacli keys list:
You can now run the script:
./cosmoshub-reinvest-rewards.sh testkey1
and expect output such as:
======================================================
Account: testkey1 (local)
Address: cosmos1mjgh0rejtljxg8rurmxlrff0kk2ztxmgc8mvzj
======================================================
Account balance: 20000122217uatom
Available rewards: 23588169uatom
Net balance: 20023710386uatom
Reservation: 100000000uatom
You are about to delegate 19923710386uatom to cosmosvaloper1sxx9mszve0gaedz5ld7qdkjkfv8z992ax69k08:
Moniker: Validator🌐Network
Details: Highly resilient and secure validator operating out of Northern Europe. See website for terms of service.
If you like, you can use your favorite text editor to change some of the default settings of the script.
##############################################################################
# User settings.
##############################################################################
MINIMUM_DELEGATION_AMOUNT="25000000"
RESERVATION_AMOUNT="100000000"
VALIDATOR="cosmosvaloper1sxx9mszve0gaedz5ld7qdkjkfv8z992ax69k08"
##############################################################################
Take care to specify the RESERVATION_AMOUNT which is the minimum amount of uatoms that will remain available in your account.
You can delegate to any validator you prefer by changing VALIDATOR variable.