In this short step-by-step guide, I will show you how to store your EOS safely and use it effectively by delegating the voting rights to the trusted EOS Respect Proxy.

To delegate your EOS voting rights to a proxy, they need to be staked. In this example, we stake/lend them to REX (Resource Exchange) to get paid an additional reward to the 4.5% APY Rewards given out by the Proxy.
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Make sure your EOS Account is powered up. Get a free power up here.

You can use the new simple interface to stake (lend to REX):
​https://stake.eosnetwork.com/ (If you staked via this webpage, skip step 1-3 and continue with step 4 or 5)

Important Note: If you don't want the extra security described in step 3 and you prefer to have your EOS liquid, you can directly unstake the EOS again after staking. This will trigger the REX "move out of savings" function in the background. After 21 days your EOS moved out of the savings account but will still be in REX. You will continue to get rewards until your position is sold. This will happen when you claim manually or if you do any REX action after the 21 days (stake more, for example).

Please navigate to the block explorer bloks.io and log in with your EOS Account (upper right corner). Then click on REX (look for the red arrow(s) throughout this article).

Scroll down to Lend Liquid EOS and enter the Amount of EOS, you want to lend (stake) to REX. When the desired amount is set, click on Lend EOS to REX and sign the transaction with your EOS Wallet.

This step was optional before July 8th. 2024, but now the system does this automatically to enhance security by introducing a 21-day time delay before making REX funds liquid again (they call it "selling your loans"). So REX always moves your lent EOS directly into savings from July 8th, 2024.

On the bloks.io REX page navigate to Move to Savings, to see your staked REX.

Why is moving the funds to savings a good thing?

If, in the unfortunate event, your Active Permission's Private Key gets compromised and someone attempts to steal your EOS, you'll have a 21-day window to take action (using your Owner Permission) and secure your funds.
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Want to learn more expert-techniques on how to secure EOS Accounts?
Read this article: How to configure your EOS Account with maximum protection
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Now you are ready to set your Proxy. Remember: you are not giving away your tokens, only delegating the token's voting rights.

Now you are ready to set your Proxy. Remember: you are not giving away your tokens, only delegating the token's voting rights. Open your Anchor Wallet (Desktop version) and navigate to:

On your mobile, use the browser and navigate to bloks.io where you log in with your wallet by tapping the Login button (upper right corner).

Please select the mobile wallet you wish to use to log into bloks.io. Confirm your selection by signing in with the corresponding mobile wallet.

Once you spot a colored icon displaying your EOS Account name in the upper right corner of your mobile screen, you've completed the login process on bloks.io. Now, you're all set to move forward and vote for a proxy.
Tap on Vote.

Proceed by tapping on Proxies. Input resproxy.spt into the search field (green highlighted) and then tap Proxy to resproxy.spt. (Please make sure that the proxy name is accurate.)
You can now sign the transaction with your mobile wallet to confirm your choice.

If all went well, you should be greeted by a reassuring green Success message, as seen below.

You are now officially proxying your votes to the EOS Respect Proxy resproxy.spt earning 4.5% APY Proxy Reward + additional reward from REX (approx. 27% APY, measured on September 5th).

EOS Staking Rewards (REX) will compound under "Total REX". Proxy Rewards will compound under "CPU Staked" and can be moved regularly into REX to maximize the compounding effect with REX.

​When moving the CPU daily to REX, the measured double compounding effect results in an approximate APY of 33% (measured on September 5th).

The EOS Respect Community would like to thank you for your votes and cordially invites you to delve deeper into the EOS Respect DAO initiative supported by EOS Support.

Author: Markus Hinrichs

Editor: Randall Roland
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Sources & References