Orbs is a public blockchain infrastructure designed for businesses.
- How do you Stake Orbs Token?
Staking Orbs token requires an Ethereum web wallet such as Metamask, you want to make sure you have an Orbs balance and enough ETH to pay for transaction fees.
Next head on over to the Tetra Wallet and connect your metamask.
Click STAKE YOUR TOKENS, and enter the amount you want to stake. Approve and confirm the transaction request.
Next select your Guardian, make sure to know the Guardians details and status beforehand. Confirm the transaction and pay the gas fees.
That’s it! All staked, you are good to go.
For more information check out our Step-by-Step Orbs Staking Tutorial.
- How much can I earn Delegating Orbs?
Token holders that delegate to an active Guardian are rewarded in proportion to their stake.
The annual reward is up to 8% of the Delegator’s staked tokens (subject to an 80,000,000 Orbs Token cap on total annual rewards).
Based on current network stats you can expect to earn around 5% per year with more detailed information available from the Orbs Staking Rewards Calculator.
Only delegations to an active Guardian that participates in the elected committee receive rewards.
- How much can I earn running a Guardian Node?
Applications running virtual chains on Orbs pay fees directly to the Guardians, representing the cost of the computational resources allocated to the virtual chain.
Guardians receive staking rewards of at least 4% of their delegated stake (subject to an 80,000,000 Orbs Token cap on total annual rewards), for operating the network and contributing to the network’s security.
Guardians who choose to participate in the Certified Committee receive a bootstrap fund distributed in DAI (currently 3,000 DAI per).
For more detailed information on the Guardian Node returns please check out the Staking Rewards Calculator.
- What are the requirements for staking Orbs?
You must have an Ethereum web wallet such as metamask and connect to the Orbs Tetra wallet to begin the staking process.
- Is there any risk or lockup periods when Staking Orbs?
Yes, there is a “Cooldown” period when un-staking where tokens are locked for 14 Days.
Also, it is important to note that staking rewards may vary between Guardians, so choose your Guardian carefully!
For more information on “How to Choose an Orbs Guardian” please follow the linked Guide.