Courtesy of Validator🌐Network.
The provided script enable delegators to claim all their staking rewards and reinvest them, to receive compounded interest.
You do not need 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
Now use your favorite text editor to change the User settings section of the file.
##############################################################################
# User settings.
##############################################################################
KEY="testkey1"
PASSPHRASE=""
SIGNING_DEVICE=""
MINIMUM_DELEGATION_AMOUNT="25000000"
RESERVATION_AMOUNT="100000000"
VALIDATOR="cosmosvaloper1sxx9mszve0gaedz5ld7qdkjkfv8z992ax69k08"
##############################################################################
You should modify the KEY setting so that it matches the output of the NAME: column of gaiacli keys list:
If you wish to use the script with multiple keys, you can leave the KEY setting empty and pass it on the command line instead.
If you are using a Ledger device, also specify SIGNING_DEVICE="--ledger". If you are using a local password-protected key instead, you do not need to specify it. The script will prompt you for it.
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.
You can now run the script and expect output such as:
======================================================
Account: testkey1
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.