Delegations
Delegate assets to Staked and start earning.
Each chain has its own staking semantics and transactions required to get started. The sections below provide a reference for integrators.
Tezos
Staking Mechanics
No Lock-Up (delegated funds can always be reclaimed)
Delegated funds start accruing rewards after 7 cycles (21 days)
After the 7 cycles, rewards are issued every cycle (3 days), locked for 5 cycles (15 days), then paid to the baker (Staked), then paid to delegators
Staking on Tezos can be done through a single tz account. After the initial delegation, all funds associated with the tz account will be staked. This means a delegation transaction is only required once, since funds sent to the tz account in the future are automatically staked.
Set delegate to Staked
tezos-client commands: reference documentation
set delegate for src to mgr [--fee <amount>] [-D --dry-run] [--verbose-signing] [--minimal-fees <amount>] [--minimal-nanotez-per-byte <amount>] [--minimal-nanotez-per-gas-unit <amount>] [--force-low-fee] [--fee-cap <amount>] [--burn-cap <amount>]
src = your tz address mgr = Staked baker address = tz1RCFbB9GpALpsZtu6J58sb74dm8qe6XBzv
Tron
Staking Mechanics
Delegated funds are frozen (locked-up) for 3 days after staking transactions
Staking on Tron requires two transactions, detailed below.
Freeze Balance
On Tron, funds must be frozen before they can be staked. A freezing action moves tokens from the account balance into the frozen funds section of the account. Funds can be unfrozen 3 days after the latest freezing transaction.
Commands assume use of the Tron wallet-cli: reference documentation.
freezebalance freeze_balance days_to_freeze [ResourceCode:0 BANDWIDTH, 1 ENERGY]
freeze_balance = amount of TRX to freeze, denominated in sun (1,000,000 sun = 1 TRX) days_to_freeze = 3 ResourceCode = 1
Stake Frozen Balance
After freezing TRX, staking is accomplished by voting for a super representative (run by Staked).
Commands assume use of the Tron wallet-cli: reference documentation.
votewitness staked_address amount_frozen
staked_address = TBsyKdNsCKNXLgvneeUJ3rbXgWSgk6paTM amount_frozen = amount of frozen TRX to stake, denominated in TRX
Unfreeze Balance
To convert frozen TRX back into the normal balance of an account, an unfreeze command must be run.
Commands assume use of the Tron wallet-cli: reference documentation.
unFreezeBalance
Polkadot
Staking Mechanics
Bonded funds are locked up for 28 days
Staking Definitions
stash account - intended to be a cold wallet
controller account - intended to be a hot wallet for staking transactions
proxy account - any account delegated proxy access to
Bond to a Controller
Bonding is a transaction that associates a number of DOTs with a controller address.
sent & signed from a stash account
a stash account can also be used as the controller account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#bondcontroller-lookupsource-value-compactbalanceof-payee-rewarddestination
Nominate Validators
Nominating is a transaction that stakes a controller's bonded DOTs to targeted validators.
sent & signed from a controller account
the validators are a list of validators run by Staked
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics#nominatetargets-veclookupsource
Bonding Additional Stake
After initially bonding to a controller, additional funds in the stash account may want to be staked. To add stake - after the initial bond transaction - requires a bondExtra transaction sent & signed from the stash account.
sent & signed from a stash account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#bondextramax_additional-compactbalanceof
Kickoff Unbonding Period
Unbonding is a transaction that schedules a portion (or all) of the bonded amount to unbond, and kicks off the 28 day unbonding period.
sent & signed from a controller account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#unbondvalue-compactbalanceof
Withdraw Unbonded
Withdrawing unbonded is a transaction that moves the unbonded amount (assuming it is after the unbonding period) into the freeBalance of a stash account.
sent & signed from a controller account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#withdrawunbondednum_slashing_spans-u32
Kusama
Staking Mechanics
Bonded funds are locked up for 8 days
Staking Definitions
stash account - intended to be a cold wallet
controller account - intended to be a hot wallet for staking transactions
proxy account - any account delegated proxy access to
Bond to a Controller
Bonding is a transaction that associates a number of KSMs with a controller address.
sent & signed from a stash account
a stash account can also be used as the controller account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#bondcontroller-lookupsource-value-compactbalanceof-payee-rewarddestination
Nominate Validators
Nominating is a transaction that stakes a controller's bonded KSMs to targeted validators.
sent & signed from a controller account
the validators are a list of validators run by Staked
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics#nominatetargets-veclookupsource
Bonding Additional Stake
After initially bonding to a controller, additional funds in the stash account may want to be staked. To add stake - after the initial bond transaction - requires a bondExtra transaction sent & signed from the stash account.
sent & signed from a stash account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#bondextramax_additional-compactbalanceof
Kickoff Unbonding Period
Unbonding is a transaction that schedules a portion (or all) of the bonded amount to unbond, and kicks off the 8 day unbonding period.
sent & signed from a controller account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#unbondvalue-compactbalanceof
Withdraw Unbonded
Withdrawing unbonded is a transaction that moves the unbonded amount (assuming it is after the unbonding period) into the freeBalance of a stash account.
sent & signed from a controller account
Reference Documentation: https://polkadot.js.org/docs/substrate/extrinsics/#withdrawunbondednum_slashing_spans-u32
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