Orbs

FAQ's

What is the Orbs Network?

The Orbs Network is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.

Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain. Orbs acts as a “decentralized backend”, enhancing the capabilities of existing smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs and GameFi.

Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Tokyo and Seoul.

For more information, please visit www.orbs.com, or join our community at:

• Telegram: https://t.me/OrbsNetwork
• Twitter: https://twitter.com/orbs_network

Learn more about Orbs

What is Orbs PoS V3: Multichain staking?

Orbs PoS V3: Multi-chain staking, utilizes Orbs hybrid architecture and cross-chain properties to deploy a novel multi-chain PoS staking on Ethereum and Polygon.

Adding Orbs PoS staking on Polygon means that the Orbs network utilizes the Ethereum stack to its fullest potential: The security of Ethereum as the base layer, and the scalability & low fees of Polygon as L2.

Orbs Delegators have the ability to choose between staking on Ethereum and staking on Polygon, based on their own personal preferences and considerations. In this way, Orbs PoS V3 addresses one of the key feedbacks from the community and is expected to mitigate the current high Ethereum gas costs for Orbs delegators interacting with the Orbs staking contracts.

What are Guardian Nodes and what are their requirements?

Orbs PoS V3: Multi-chain staking, utilizes Orbs hybrid architecture and cross-chain properties to deploy a novel multi-chain PoS staking on Ethereum and Polygon.

Adding Orbs PoS staking on Polygon means that the Orbs network utilizes the Ethereum stack to its fullest potential: The security of Ethereum as the base layer, and the scalability & low fees of Polygon as L2.

Orbs Delegators have the ability to choose between staking on Ethereum and staking on Polygon, based on their own personal preferences and considerations. In this way, Orbs PoS V3 addresses one of the key feedbacks from the community and is expected to mitigate the current high Ethereum gas costs for Orbs delegators interacting with the Orbs staking contracts.

What is the Tetra Wallet?

In order to participate in the Orbs PoS universe, token holders are required to stake their tokens and select a Guardian to delegate their voting power to. In order to simplify the interaction with the staking contract, the Orbs team developed the Tetra wallet, with a simple and convenient interface. The Tetra staking wallet allows you to stake your tokens and select a Guardian to delegate to.

For the release of Orbs V3 Tetra has been updated to enable staking on Polygon with a simple and intuitive UI to switch between the Ethereum and Polygon networks.

How do you Stake Orbs Token?

Orbs Delegators can choose to stake their ORBS tokens on Ethereum or Polygon.

Staking Orbs tokens requires an Ethereum/Polygon web wallet such as Metamask, you will want to make sure you have an Orbs balance and enough ETH/MATIC 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 6.66% of the Delegator’s staked tokens.

Only delegations to an active Guardian that participates in the elected committee receive rewards.

How much can I earn running a Guardian Node?

Orbs PoS V3 adjusts the staking rewards to a fixed 10% APR of the Delegators staked ORBS tokens.

Depending on each Guardian’s setting, staking rewards are split between the Guardian and his Delegator. Currently, all Guardians have chosen the default setting (⅓ for guardian, ⅔ for Delegator) making the final reward rate for delegators is 6.67% and 10% for guardians.

What are the requirements for staking Orbs?

You must have an Ethereum/Polygon web wallet such as Metamask and connect to the Orbs Tetra wallet to begin the staking process.

You can find a list of supported wallets in the Orbs ecosystem map.

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.