About Secret Network
Secret Network is a decentralized secure computation protocol. The market cap is $84,417,764 and the 24h volume is $568,994.
Staking Secret Network
Secret Network blockchain consensus is achieved via Tendermint. Investors can leverage their crypto via staking. Currently there are 2 options to earn passive income and staking rewards with your Secret Network investment as outlined below.
Run a Validator Node
- How to stake SCRT?
The Secret Network has implemented the Cosmos SDK staking module, staking happens exactly as on Cosmos chain with ATOM.
For the average user, the best way to stake SCRTs is by delegating to one of the Validators of the Network.
If you want to reinvest your rewards, you have to manually claim them and delegate them again.
Please consider that withdrawing your funds from staking will take 21 days.
- How much can i make staking SCRT?
With the proposed block time of 5s, the initial inflation is 15%. The effective inflation depends on the actual current block time.
The proposed inflation will rise by up to 13% p.a. to 25% until we reached a Total Staked of 66.66%.
Once the Total Staked is over 66.66% the inflation will slowly decrease back until 15%.
Effectively the staking yield always depends on the total staked, proposed inflation, block time, and transaction fees, which are live tracked on this site.
You can calculate your earnings in the SCRT Staking Rewards Calculator.
- Is there any risk staking SCRT?
Yes even by delegating SCRT, the coins are at risk of slashing.
If the Validator misses blocks or tries to corrupt the network, the delegator holdings might get slashed.
Therefore it is very crucial to choose a professional and trusted Validator. We have verified many reliable SCRT Staking Providers with the blue checkmark on our website.