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How to become a nominator

  • Staking is a consensus mechanism based on PoS (Proof of Stake / Proof of Stake). Token holders obtain rewards and benefits through pledge, voting, delegation, and locking.
  • Before participating in staking, please make sure you have at least 1 Crab address. If you hold more tokens or have higher security requirements, it is recommended to prepare 2 Crab addresses. If there is no address, please refer to: How to create an account.
  • A small amount of CRING must be prepared in Crab Network's address as fee.

Start Staking#

Enter Darwinia Wallet and lick the Staking column on the left , Click Start staking

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Fill in the staking parameters

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Stash account Account for stashing tokens. Tokens participating in staking will come from this account. The operations of this account are mostly related to changes in stash.

Controller account The controller is the account that will be used to control any nominating or validating actions. Should not match another stash or controller.

The Stash account and Controller account can be set to the same account. If you hold more tokens or have higher security requirements, it is recommended to set up different accounts here.

Value bonded The total amount of the stash balance that will be at stake in any forthcoming rounds (should be less than the total amount available). This part of the tokens will be temporarily bonded. bonding takes 14 days to unbond; you can choose to bond CRING or CKTON.

Payment destination The destination account for any payment as either a nominator or validator.

Bond period Optional; bond CRING promise for 3-36 months to get additional CKTON rewards. (Promise to lock to accept user terms)

If you unlock CRING in advance within the lock limit, you will be charged a penalty of 3 times the CKTON reward (In the absence of sufficient CKTON, the CRING can not be used for payment of fines).

After filling in the staking parameters, please click bond and submit

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Nominate a validator#

The identities of the validator and the nominator are mutually exclusive and cannot coexist. If you are running a validator, you need to cancel the validator before proceeding with the nomination.

After completing the staking parameters, click Nominate on this page

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Choose your favorite validator

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Sign and submit

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View information about nominated validators

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The operation of nominating validators will take effect from the next era, and it is normal to temporarily delay.

Tokens' statuses#

The tokens' statuses are following:

Available The amount of tokens that are able to transfer, bond and transfer.

Bonded The amount of tokens that cannot operated directly but does not have lock limit, which is used to gain voting power and can be taken out at any time (with a 14-day unbonding period) or add lock limit.

Locked The amount of tokens that cannot be operated and has a lock limit, which is used to gain voting power and earn additional KTON rewards.

Unbonding The amount of tokens that has been unlocked but in the unbonding period.

Other Staking operations#

There are other operations in staking for the following purposes:

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Stop nomination Cancels all nominees.

Bond & Bond more Adds bonded tokens for staking to obtain more power.

Unbond Unbond tokens for staking, and at the same time the power will be reduced proportionally.

The 14-day bond period is required to unbond. Tokens that are in the bond period cannot be operated. Please be careful.

Reward history Go to Subscan explorer to view historical reward records

Claim reward Manually claim the reward, and the reward will be distributed in units of era.

Please note: 56 era (about 56 days) will be saved, and you will not be able to claim it if it expires.

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Claim Reward Manually claim the reward, and the reward will be distributed in units of era.

Bond more funds Adds bonded tokens for staking to obtain more power.

Unbond funds Unbond tokens for staking, and at the same time the power will be reduced proportionally.

Lock extra Add lock limit for bonded tokens to obtain KTON rewards.

Rebond funds Rebond the unbonding funds to earn power.

Change controller account Change the account that will be used to control any nominating or validating actions. Should not match another stash or controller.

Change reward destination Change the destination account for any payment as either a nominator or validator.

Set nominees Re-nominate validator

Change session key If you want to upgrade to become a validator, you need to fill in this item. How to become a validator

Set on-chain identity Set your personal information, such as display, legal name, email, website, twitter and riot. Other users can view this information and contact you.