- Staking is a consensus mechanism based on NPoS (Proof of Stake / Proof of Stake). Token holders obtain rewards and benefits through pledge, voting, delegation, and locking.
- A small amount of RING must be prepared in Darwinia Mainnet Network's address as fee.
You may have a account with
RING/KTON and want to earn fresh
RING/KTON. You could do so as validator, which requires a node running 24/7.
If you do not have such node or do not want to bother, you can still earn
RING/KTON by nominatoring another validator.
Specially attention should be paid to:
- Pick your validators carefully - if they do not behave properly, they will get slashed and you will lose
- While your
RING/KTONare staked by nominating a validator, they are
locked(bonded). You can receive new
RINGin your account but you cannot stake as validator or transfer
RINGaway from your account. You can un-nominate at any time to stop staking your funds. There is an unbonding period of 14 days on Darwinia main network.
- Enter Darwinia Wallet and lick the [Staking] column on the left , Click [Start staking].
- Fill in the staking parameters.
Stash accountAccount for stashing tokens. Tokens participating in staking will come from this account. The operations of this account are mostly related to changes in stash.
Controller accountThe controller is the account that will be used to control any nominating or validating actions. Should not match another stash or controller.
Controller accountcan be set to the same account. If you hold more tokens or have higher security requirements, it is recommended to set up different accounts here.
Value bondedThe total amount of the stash balance that will be at stake in any forthcoming rounds (should be less than the total amount available). This part of the tokens will be temporarily bonded. bonding takes 14 days to unbond; you can choose to bond RING or KTON.
Payment destinationThe destination account for any payment as either a nominator or validator.
Lock limitOptional; bond RING promise for 1-36 months to get additional KTON rewards. (Promise to lock to accept user terms)
If you unlock RING in advance within the lock limit, you will be charged a penalty of 3 times the KTON reward (In the absence of sufficient KTON, the RING can not be used for payment of fines).
- After filling in the staking parameters, please click [Sign and submit].
Nominate a validator
- After completing the staking parameters, click [Nominate] on this page.
The identities of the validator and the nominator are mutually exclusive and cannot coexist. If you are running a validator, you need to cancel the validator before proceeding with the nomination.
- Choose your favorite validator.
- Sign and submit
- View information about nominated validators
The operation of nominating validators will take effect from the next era, and it is normal to temporarily delay.
There are other operations in staking for the following purposes:
Stop nominationcancels all nominees.
Bond moreadds bonded tokens for staking to obtain more power.
Unbondunbond tokens for staking, and at the same time the power will be reduced proportionally.
The 14-day bond period is required to unbond. Tokens that are in the bond period cannot be operated. Please be careful.
Reward historyGo to SUBSCAN explorer to view historical reward records
Claim rewardManually claim the reward, and the reward will be distributed in units of era.
Please note: 56 era (about 56 days) will be saved, and you will not be able to claim it if it expires.
Change controller accountChange the account that will be used to control any nominating or validating actions. Should not match another stash or controller.
Change reward destinationChange the destination account for any payment as either a nominator or validator.
Set nomineesRe-nominate validator
Change session keyIf you want to upgrade to become a validator, you need to fill in this item. How to become a validator
Set on-chain identitySet your personal information, such as display, legal name, email, website, twitter and riot. Other users can view this information and contact you.