Users are able to help secure The Root Network by staking ROOT and in return earn rewards.
There are 3 tiers of rewards that can be earnt based on different levels of risk and effort. As outlined in the docs under tokenomics, The Root Network are rewarding up to 10% of the total supply of ROOT tokens over 260 weeks as part of the Bootstrap Rewards.
Stake your ROOT tokens for a reward cycle (90 days) and choose not to nominate any validators. This is a low-risk method of participating as you are not taking on slashing risks for a nominator, your reduced risk is paired with reward proportional to your risk.
You can stake at any point of the reward cycle. Your rewards are prorated by the duration you staked.
*Your rewards are based on the amount of ROOT staked relative to all participants, time staked and the amount of Boot Strap rewards + Staking Rewards available to be earnt each cycle. More info can be found here.
This is the next level of participation. To become a nominator, you need to stake at least 25 ROOT.
During the staking flow, you choose to nominate one or more validators. You can nominate at any point of the reward cycle. Your rewards are prorated by the duration you staked.
In each Era (24 hours), the protocol elects validators to complete blocks and transactions, earning them Work points. When you nominate multiple validators, you increase your chances of earning rewards from elected validators. The nomination algorithm automagically determines how best to allocate your nominated ROOT equally across active and earning validators for each Era. It's worth noting that most nominators will likely see only one active and earning validator during an Era. That means all your staked ROOT will be nominated to the one active validator.
*Your rewards are based on the amount of ROOT staked relative to all participants, time staked and the amount of Boot Strap rewards + Staking Rewards + Work Points available to be earnt each cycle. More info can be found here.
A validator is a participant of a Proof-of-Stake (PoS) blockchain network. As part of the PoS consensus mechanism, validators are responsible for verifying new blocks and adding them to the chain to earn rewards. Rewards are higher for being a validator as there are costs involved in running your own node. More information can be found here.
View Vortex Rewards, your share of Staking Rewards, Work Points, Bootstrap Rewards and manage your Nominations all from the Staking Dashboard
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