Fantom is a Directed Acyclic Graph (DAG) based Smart Contract platform. The market cap is $28,402,441 and the 24h volume is $12,426,238.
Fantom blockchain consensus is achieved via Lachesis. Investors can leverage their crypto via staking or delegating. Currently there are 2 options to earn passive income and staking rewards with your Fantom investment as outlined below.
Run a Validator Node
- How to stake Fantom?
Staking on Opera is rather complex to begin with. A guide on how to run your own validator node, or to delegate to one, can be found here.
Soon after the new year, there will be the ability to delegate via desktop, web, and mobile applications, with more user-friendly interface than the terminal.
- How much can i earn staking Fantom?
The individual reward depends on the Total Staked %.
Transactions are packaged into event blocks. In order for event blocks to achieve finality, event blocks are passed between validators nodes that represent at least 2/3rds of the total validating power of the network. A validator’s total validating power is primarily determine by the number of tokens staked and delegated to it. A validator earns rewards each epoch for each event block signed according to it’s validating power.
Each second 16.48 FTM is accrued and being distributed between validators each epoch across validators that have signed event blocks.
By delegating you can increase the share of your validator proportionally to the balance of your account. He will receive rewards accordingly and share them with you after taking the commission.
In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.
- What are the requirements for staking Fantom?
If you are a validator node, it is running a suitable validator that maintains close to 100% up time, and can validator blocks fast. The user running the validator node will also need to maintain a minimum stake of 3,175,000 FTM.
If you are delegating to a validator node, you need maintain a stake of at least 1 FTM.
- Is there a risk to stake Fantom?
There are few risks. If you are running your own validating node, you need to ensure it is always online validating blocks, otherwise you will earn rewards. You also need to make sure it does not attempt to fork or double-sign transactions, as that could have it labelled as a cheater (with slashes your stake and reduces your rewards).
If you are delegating, you need to ensure the validator node you are delegate to is trustworthly. Although a validator cannot steal your staked tokens, if the validator is found to be a cheater, your stake is also at risk.