What you need to know
The Stellar lumen network has a built in inflation mechanism. This means the total supply of XLM grows at a rate of 1 % per year. The new tokens are distributed amongst the stellar lumen holders who are part of an inflation pool.
A word of warning
This guide is written in a way that it works for XLM holders who are using a paper wallet. As you’ll see below, you will be prompted to expose your private key. Frankly, we don’t recommend that normally. We simply don’t know any method to sign up for the inflation rewards without doing so. If you do, please tell us!
This leaves us with the two options:
1) Simply don’t join any inflation pool
2) Expose your private key once and earn the inflation rewards
Personally we go with option 2. It’s your choice.
How to join a Stellar Lumen inflation pool step by step
1) Open the Transaction Builder on the official Stellar homepage by clicking this link: https://www.stellar.org/laboratory/#txbuilder?network=public
2) Copy your Public Key (the one which starts with “G”) in the Source Account field.
3) Click the button “Fetch next sequence number for account starting with …”.
4) Scroll down to the “Operation Type” field and select “Set Options”.
5) In the Inflation Destination field you need to paste the address of your chosen inflation pool.
Personally we use https://lumenaut.net. This platform’s address is GCCD6AJOYZCUAQLX32ZJF2MKFFAUJ53PVCFQI3RHWKL3V47QYE2BNAUT.
6) Now click “Sign in Transaction Signer” at the bottom of the page.
7) Enter your private key in the field “Add Signer”.
8) Next press “Submit to Post Transaction Endpoint” at the bottom of the page
9) Click “Submit” at the bottom of the following page. Now you successfully subscribed to an inflation pool and will start to earn your rewards.
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