Do I need to maintain my staking in any way?

Once you have delegated your CHR, there are things you need to consider going forward:

• Firstly, keep in mind that rewards are not auto-compounded, so to maximize your returns, you may want to claim and stake your rewards more frequently. However, it's important to consider that each transaction will incur gas fees, so you may want to use our Chromia (CHR) Staking Calculator to determine the optimal re-staking frequency for your amount of CHR.
• Users participating in Chromia Proposals will receive rewards, you can take part in proposals here.
• Users can delegate their stake to providers of their choice, thus helping the provider to comply with minimum stake requirements, and receiving a portion of the provider's reward in return. 
• When tokens are staked, they cannot be withdrawn immediately. A request to withdraw must be sent at least 2 weeks before a withdrawal can be made.

Chromia utilizes smart contract staking and issues out governance (inflationary) rewards. As a result, you do not delegate CHR to validators.

The Staking Rewards on CHR consist of governance rewards that are paid out from the staking vault.

Please note that the total annual rewards are divided by all active stakers; hence, as the amount of staked tokens goes up, the reward rate goes down. You're welcome to use our Chromia (CHR) Staking Calculator to get a better understanding of how these factors can impact your rewards.

We strive to make staking as safe and transparent as possible, however, it's important to consider factors that may influence whether a particular staking option is appropriate for you.



Slashing risk: There is no slashing on Chromia.

Unbonding risk: When staking CHR tokens, there is a lockup period of 14 days. This means that investors will not be able to sell their tokens immediately, but instead need to wait 14 days after initiating unbonding before they can be traded again. This is something to keep in mind when deciding to stake, as crypto markets are highly volatile. Consider keeping funds liquid if you do not intend to hold CHR long-term. 

Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs, this risk applies not only to staking but also the investment in CHR.

Please note that this is not an exhaustive list of all the risks related to staking.

CHR is the native token of the Chromia network that is used to carry out the key functions of the platform as detailed below:

Token Utilities

• Staking: Users can temporarily lock up CHR to earn governance rewards.
• Governance: Once you have staked your CHR, you can take part in governance votes.
• Transaction Fees: CHR is used as a means of paying for transaction fees incurred by users when they trade dApp tokens on the Chromia protocol.

Chromia utilizes smart contract staking and therefore does not have a consensus algorithm.

The total supply of CHR, Chromia's native token, is capped at 1 billion CHR. On May 7th, 2020, the Chromia team performed a token burn, eliminating 21,935,206 CHR, thereby adjusting the Current Max Supply to 978,064,794 CHR. Tokens from the Promotion Fund, Ecosystem Fund, and Conversion Contract will still be issued after December 2024.

Initial token distribution

The Initial token distribution of CHR is as follows:

• 19.40% is allocated to private round investors.
• 2.98% is allocated to the team.
• 4.5% is allocated to the founders.
• 1.92% is allocated to the advisors.
• 4.5% is allocated to IEO investors.
• 2% is allocated to staking liquidity.
• 25% is allocated to the promotional fund.
• 37.20% is allocated to the ecosystem fund. 
• 3% is allocated to the automatic conversion contract.