MPC Staking on Partisia Blockchain: A Comprehensive Guide

What is MPC Staking?

Partisia Blockchain staking entails leveraging MPC tokens as collateral to engage in and bolster the network's on-chain services. Staking is important for upholding the network's security and functionality. Additionally, token holders can participate in delegated staking, whereby they entrust their MPC tokens to a node operator. Subsequently, this node operator can employ the delegated stakes to execute diverse tasks on the blockchain, allowing token holders to play a role in the network's activities and reap rewards without personally managing a node.

This article will serve as your staking guide, helping you familiarize yourself with the MPC staking process, providing a step-by-step tutorial, tips to choose a reliable MPC validator, and offering network-specific details such as fees and lockup periods.

How to Stake MPC?

Follow these steps to stake MPC via a crypto wallet.

Step 1: Prepare a supported Partisia Blockchain wallet

Stake your MPC tokens using wallets, such as MetaMask, Ledger, and Parti Wallet. MetaMask Snaps enable dapp developers to utilize MetaMask for signing transactions directed to Partisia Blockchain. Install the preferred browser extension as a Partisia Blockchain wallet and deposit your MPC tokens into this wallet before continuing to the second step.

Attention! Actions on your Partisia Blockchain wallet require bridged BYOC tokens to pay transaction fees (currently ETH, BNB, MATIC, USDC, and USDT). The order of gas used is as follows: ETH, BNB, USDCe (Polygon), MATIC, USDT (Ethereum). If you don't hold a specific token from the network, the order will proceed sequentially through the list until it finds an available token.

You can bridge tokens on Partisia Blockchain Explorer in “Your assets” dashboard and “Coins” tab. Follow the video tutorial for a more detailed presentation.

Step 2: Start staking MPC

Navigate to the Partisia Blockchain Dashboard.

Enjoy the video tutorial or follow the step-by-step guide below.

Step 3: Sign in with your Partisia Blockchain wallet

Connect your wallet. Allow the application access, if you’re visiting the website for the first time. If you're using MetaMask the app will guide you to install Partsisia Blockchain.

Step 4: Select the Partisia Blockchain node operator

Navigate to “Account” and “Node Operators” on the Partisia Blockchain Explorer, where you can find operators' profiles and addresses. We recommend choosing node operators who enrolled in our Staking Rewards Verified Staking Provider (VSP) Program. Choose a node operator who actively accepts delegation using the Partisia Blockchain Discord channel #staking-market-place. Copy the selected address.

Step 5: Go to “Your assets”

Open “Your assets” dashboard.

Step 6: Delegate MPC tokens

Click the “Delegate” button to stake your tokens to a node operator.

Step 7: Stake MPC

Paste the Partisia Blockchain node operator address and enter the amount of MPC tokens you want to stake, making sure to leave a small amount of tokens for future transactions. Fees for staking will be around 16k ($0.16) in gas.

Step 8: Confirm staking MPC

Finalize the staking process by clicking “Confirm” and completing the transaction in your wallet.

How to Choose Partisia Blockchain MPC Validators?

Ensuring users stake their PoS tokens with dependable and high-performing validators is crucial. To facilitate this, we introduced our Staking Rewards Verified Staking Provider (VSP) Program in June 2022. This initiative involves meticulous evaluation of potential validators, assessing factors like security protocols, on-chain reliability, provider infrastructure, and ecosystem contributions.

Additionally, when choosing a validator to delegate to, consider alternative metrics:

Activity: Partisia Blockchain node operators accept each delegation. Choose a node operator who is active on the network and regularly accepts staked tokens. To determine which node operator is actively accepting delegation, visit the Partisia Blockchain Discord channel #staking-market-place.

Commission: Validators charge a commission rate, representing the percentage of rewards they retain. High rates result in lower rewards, while low rates may signify potential profitability issues for the validator. Note that commission rates can fluctuate.

Number of Users: A sizable delegation base may indicate positive validator sentiment. Partisia Blockchain must accept delegators' stake. The higher number of users might indicate a user-friendly node operator.

Validators' Self-Staked Balance: Validators with substantial self-staked tokens typically possess greater incentives to maintain service integrity, given the higher stakes involved. However, this metric has limitations as validators may delegate to their own node from an alternate wallet to bolster fund security.

Performance: Opt for validators with optimal performance metrics, including uptime. It's advisable to select validators with uptime exceeding 99% and a proven track record of avoiding slashing penalties.

How are MPC Staking Rewards Generated?

MPC staking rewards are generated from a combination of transaction fees and inflation. By delegating their tokens to validators, users assist in network security and participate in block validation. Validators receive block rewards for their role in validating transactions and creating new blocks, with these rewards subsequently distributed to delegators based on their staked token proportion.

Staking rewards are computed and distributed to wallets at the end of each quarter. Rewards are calculated based on 3-month intervals and the amount will vary depending on the period. They are also influenced by the number of tokens delegated to staking to a given node multiplied by the percentage of unlocked tokens the user has on their account and the node performance.

You are welcome to experiment with our MPC Staking Calculator to get a better understanding of how these metrics can influence your rewards. The APY staking calculator and MPC rewards over time are great tools for this purpose.

MPC Staking Details

• View the current Partisia Blockchain staking APR here
• Use the Partisia Blockchain Staking Calculator to estimate your rewards
• Lockup: 7-day unlocking period
• Average commission rate: 2%
• Minimum amount required for staking: no minimum
• Rewards distribution: quarterly

Track your staking portfolio

Track the current and historical reward rates, validator count, number of unique Partisia Blockchain staking wallets, and the staking ratio of the Partisia Blockchain network by visiting the Partisia Blockchain (MPC) asset page. Track MPC staking APY and delegations. Understanding these relevant data points, including MPC stats and subnet analytics, is essential to make better staking decisions. Predict your future returns with the MPC Staking Calculator. To learn how these data points could impact your staking rewards, please read more in the FAQ section on the Partisia Blockchain (MPC) asset page.

Users can track their staking positions in “Your assets” dashboard and monitor the unlocking schedule. Staking and unlocking differentiate MPC tokens in a few categories:

Staking

• Unused MPC tokens refer to those currently dormant but eligible for staking, with the ability to be transferred if not subject to an unlocking schedule.
• Staked MPC tokens are designated for powering blockchain operations and earning rewards.
• Pending MPC tokens include those awaiting utilization tokens being transferred to another account, with the potential for movement to the unused category once eligible.

Unlocking

• Released MPC tokens are those freed from an unlocking schedule and eligible for transfer if not in active use.
• Releasable MPC tokens can be released from an unlocking schedule; upon release, they transition to an unlocked state.
• Locked MPC tokens are confined within an unlocking schedule and inaccessible for transfer.

How to Unstake MPC?

To unstake your MPC tokens, follow the video tutorial or the steps below:

Step 1: Go to the MPC staking platform

Navigate to the Partisia Blockchain Dashboard.

Step 2: Connect your Partisia Blockchain wallet

Log in to your Partisia wallet from the top right corner.

Step 3: Go to “Your assets”

Open the “Your assets” dashboard.

Step 4: Retract delegation

Locate the node you want to unstake from and click the "Retract" icon.

Step 5: Unstake MPC

Enter the amount of MPC tokens you want to unstake.

Step 6: Confirm unstaking MPC

Finalize the unstaking process by clicking “Confirm” and completing the transaction in your wallet.

Your request will enter a 7-day unlocking period. After 7 days, you will see the option to "Clear Pending" to complete the process.

Maximizing MPC Staking

MPC is not a token used in DeFi, but you can always:

Stake More

You can increase your stake by delegating more MPC to validators. You can decide whether to stake with the same Partisia Blockchain validator or diversify your delegation across several providers.

Compound Rewards

Once you receive your MPC staking rewards, you can restake them and compound your initial delegation. Quarterly rewards distribution facilitates position management and limits interactions to a few clicks per year.

Conclusion

Staking is essential to Proof-of-Stake blockchains and comes with many benefits for investors and the network, including the potential for passive income.

• Investors earn yield from token emissions and/or transaction fees.
• Stakers become eligible for airdrops as many networks prioritize granting these benefits to them.
• Staking helps to secure the network
• Staking from multiple participants helps decentralize the network
• Stakers can participate in governance, as many PoS networks allocate governance rights based on the number of tokens staked.

Congratulations! You are now not only getting the most out of your investment with compounded returns. YOU are also (in-)directly contributing to the decentralization, and the network security of Partisia Blockchain and thus contributing to the long-term success of your investment! Partisia Blockchain needs active stakers like you to become successful in the long term.

Now share the tutorial with your friends so they can get to start staking as well!

Lastly, don’t forget to check out the Partisia Blockchain (MPC) asset page for more insights into staking MPC, and drop us a message if you find this tutorial useful. Happy staking!