Orbs

FAQ's

What is the Orbs Network?

The Orbs Network is a public blockchain infrastructure designed for businesses looking at trust as a competitive strategy.

The practical blockchain solution. Predictable fees you can scale with. Isolation between apps. Smart contracts in any language.

In a time where people are trusting major companies less than ever before, those enterprises can, at best, ask users to trust them. By empowering those enterprises with the option of operating on a public blockchain safely, Orbs grants them a major competitive edge in the form of digital guarantees to users: No need to trust when users can simply verify.

The Orbs network launched on March 28th, 2019.

What are Guardian Nodes and what are their requirements?

Guardians operate the Orbs network nodes and run the virtual chains for the subscribed applications.

Orbs is a hybrid blockchain, utilizing Ethereum for added security and transparency of the Orbs PoS ecosystem. Thus, Orbs Guardians are required to run an Ethereum node.

Guardians have an option to be part of the Certified Committee and operate virtual chains that require certified Guardians. Certified Committee members are eligible for added incentives.

Guardians are expected to be committed to their communities and their Delegators’ staked tokens. Therefore, Guardians are required to have a self-stake of at least 8% of their total delegated stake.

What is the Tetra Wallet?

TETRA is Orbs’ dedicated staking wallet, from which any ORBS holder can easily stake tokens with a Guardian of their choice.

With TETRA, it’s much easier for ORBS holders to stake their tokens for Rewards. But it has another important benefit to the project: Allowing Orbs community members to contribute to the network’s security and operation, making the Orbs Network the first choice for enterprise applications.

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.