🪙IoTeX Staking
Staking is a core part of decentralized governance in the IoTeX Network, where token holders deposit (“Stake”) IOTX to facilitate network operations, consensus, and governance.
Last updated
Staking is a core part of decentralized governance in the IoTeX Network, where token holders deposit (“Stake”) IOTX to facilitate network operations, consensus, and governance.
Last updated
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Users who stake $IOTX for ≥91 days with stake-lock ON will earn 0.05 points daily for each $IOTX staked. BinoBits rewarded (daily) = Number of $IOTX staked * 0.05
When the staking duration is greater than 90 days but less than or equal to 365 days, the daily reward points = staked IOTX * 0.05 * staking days / 91.
When the staking duration exceeds 365 days, the daily reward points = staked IOTX * 0.05 * 365 / 91.
This applies regardless of whether the user has enabled Stake-Lock.
Staking points will be synchronized once a day at a random time.
Staking IOTX makes you change from a holder to a contributor. You can help to facilitate network operations, consensus, governance and also enhance the security and efficiency of the IoTeX Network by staking.
By staking, you can receive votes (1 IOTX = 1 vote) and earn IOTX rewards in return. With IoTeX, the staking interest rate is up to ~11% APY.
Staking your IOTX to a delegate results in depositing them into the blockchain itself, under no circumstances will your IOTX be transferred to the Delegate. You will maintain exclusive control over your deposit at all times.