Edgeware is an experimental blockchain with on-chain governance.
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- How to stake Edgeware (EDG)?
- How much can I make staking EDG?
- What are the requirements to stake Edgeware?
- Is there any risk to stake Edgeware (EDG)?
Delegators in Edgeware are called Nominators. Anyone can nominate up to 16 validators, who share rewards if they are elected into the active validators set.
The process is a single-click operation inside the wallet. Simply choose 1-16 validators (staking providers) who you trust and nominate them.
Please note that you must manually claim your rewards via the Polkadot Explorer. Staking rewards are kept available for 21 days only.
If you do not claim your staking rewards by this time, then you will not be able to claim them and some of your staking rewards will be lost.
If you want to run a validator node yourself to gain the maximum rewards you have to operate the required server infrastructure and make sure to online 24/7.
The current reward rate for validators is determined by the current Total Staked %. The less EDG is being staked, the higher are the rewards.
You can play with the different reward scenarios under certain network conditions in our Staking Calculator.
Validators share the rewards after deducting a fee with their nominators. You can see the individual reward rates and fees of validators in our list of staking providers.
Being a nominator does not require running a node of your own or worrying about online uptime. However, a good nominator performs diligence on the validators that it elects.
To become a Validator you need at least 350 EDG and make sure to operate a stable infrastructure. Anyhow the minimum stake that is necessary to be elected as an active validator is dynamic and can change over time. It depends not only on how much stake is being put behind each validator, but also the size of the active set and how many validators are waiting in the pool.
By delegating or staking Edgeware there is a risk of slashing.
Slashing will happen if a validator misbehaves (e.g. goes offline, attacks the network, or runs modified software) in the network. They and their nominators will get slashed by losing a percentage of their bonded/staked EDGs.
Validator pools with larger total stake backing them will get slashed more harshly than less popular ones, so we encourage nominators to shift their nominations to less popular validators to reduce the possible losses.