Flow

FAQ's

How to Stake FLOW?

View our Step-by-Step tutorial here.

How much can I earn Staking FLOW?

Rewards are paid at 6:00am PT (14:00 GMT) on Tuesday, every week, to all the users that have tokens staked.

Once distributed, rewards are unlocked and liquid, so they can be transferred at any time. Some custody providers might require extra steps to withdraw user staking reward so please contact your respective provider to get additional information as needed.

The numbers in this table represent the total amount of tokens that are paid as staking rewards at each epoch to the entire pool of participants in the Flow network as a whole. While total staking reward per epoch is known and fixed, individual rewards are variable depending on many factors.

DEC 22	DEC 29, JAN 5, 12, 19, 26	FEB 2 WEEKLY ON TUESDAYS UNTIL DEC 21, 2021	WEEKS 53+
Total Rewards % (Annual)	5%	20%	5%	TBD
Total Rewards Amount Per Week	~1.2M FLOW	~4.4M FLOW	~1.2M FLOW	TBD

What are the Risks to Staking Flow?

Staked funds are placed at risk and can be penalized, or slashed if a validator node is unavailable or acts maliciously.

Flow slashes nodes only for Byzantine acts that directly impact the security and integrity of the network and its shared execution state. Nodes are not slashed for liveness infractions. The protocol reserves slashing for maintaining the security of the protocol rather than its liveness.

Slashing is not currently enforced by the staking contract. It will be handled on a case-by-case basis for the foreseeable future to ensure network participants have time to participate in the testing and rollout of slashing.

When slashing is enforced, slashable protocol violations must be adjudicated by a supermajority of more than 2/3 of the staked consensus nodes in order to take effect. If a node is found guilty of committing a slashable protocol violation, the consensus nodes directly deduct a fine from the node’s stake. Of course, only the remaining stake is deposited back into node’s balance at the end of the unstaking period.

What is the Flow blockchain?

Flow is a Proof-of-Stake blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3. Created by a team that has consistently delivered industry-leading consumer-scale experiences including CryptoKitties, NBA Top Shot, and NFL ALL DAY, Flow is an open, decentralized platform with a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more.

What is the $FLOW cryptocurrency?

$FLOW is the native currency of the Flow network. It is the exclusive token for staking, delegating, paying transaction fees, and paying storage fees. It is also the primary token used for buying, selling, and trading assets and experiences on Flow.

How was Flow Launched?
The Flow public sale raised $18M across both the community sale and auction from nearly 13,000 participants.
Phase 1: Community Sale – Community Sale Stats:
• Over 12,500 users committed to participate in the Community Sale committing nearly $9M in funds
• Over 100 Countries are represented
Phase 2: Auction – Auction Stats:
• $9.5M raised
• $0.38 closing price per token
• Over 1,000 bids were submitted (700 successful bidders)
Who are the Team Members behind Flow?

Flow is the product of Dapper Labs, the company behind the CryptoKitties blockchain game.

Led by founders Roham Gharegozlou, Dieter Shirley and Mikhael Naayem, the team developed Flow as a platform for blockchain-based games and digital collectibles.

Previously called Axiom Zen, Dapper Labs unveiled Flow in 2019 after announcing it had raised $11 million in funding led by investor giant A16z.

Dapper Labs underwent a second funding round led by NBA stars Andre Iguodala and Spencer Dinwiddie, intended to be used towards the development of blockchain-based games on Flow.

How is Flow different to other blockchains?

Flow is unique in that it addresses the scalability trilemma – a problem that forces trade-offs between scale, security and decentralisation which public blockchains face – by dividing the security and performance work over different groups of nodes which are each specialised for their respective tasks. This unique multi-node architecture allows Flow to scale performantly to service mainstream adoption without compromising the security or long term decentralisation of the network. This multi-node architecture also allows Flow to provide full ACID guarantees which unlocks rich interactions between smart contracts (“composability”) and creates strong network effects for apps built on Flow without the complexity of sharding (other chains answer to managing complex state).