A delegator is someone who assigns their stake to a validator and receives rewards as a result. By assigning their stake, delegators can engage in the network and earn rewards without needing the specialized knowledge or resources necessary to operate a validator node on their own.
linear for 1095 days lock
1 TQF
0 days, earning the base reward rate
1095 days, earning the maximum reward rate
7 days
The network has set a fixed fee of 12% on staking rewards paid from stakers to validators for running their nodes
Staking on Torus involves allocating your Torus tokens to secure the network. By staking, you earn rewards while also contirbuting to the network's stability and security.
You start by acquiring Torus tokens, typically through a centralized exchange such as Binance/Kucoin. These tokens are then sent either to Toric Wallet, or Metamask which is configured to the Torus mainnet, check guide here. After this, you delegate to a validator node, you can do this by clicking here.
A validator node is a participant on the Torus network responsible for validating and adding new blocks to the blockchain. These nodes are crucial for maintaining the network's security and integrity. You can read more here.
While the Torus network has various measures in place to ensure safety of your staked tokens, if you stake on a validator node that behaves maliciously, there's a risk of losing all your staked tokens. Always stake responsibly.
Yes. If you decide to unstake before your lock-up period ends, there will be a penalty for early withdrawal. There is also an "unbonding" period, during which your tokens are locked after you decide to unstake them. The penalty is 50% of the accumulated rewards, and the unbonding period is 7 days. Nonetheless, you will always receive no less than the number of tokens you initially delegated.
Yes, the minimum delegation amount is 1 TQF.
Risks can include potential slashing (loss of staked tokens) if the validator node behaves maliciously, or potential loss in value of the staked tokens due to market fluctuations.
Yes, the staking process on Torus is designed to be straightforward and user-friendly. If you need assistance, contact us on Discord.
When you delegate, you're lending your tokens to a validator who secures the network on your behalf. As a validator, you're actively participating in securing the network and earning rewards for your efforts.
No. A validator doesn't have access to any tokens except their own. However, if a validator acts in a harmful way, all the funds staked to that particular node could be lost.
Should a validator node go offline, it ceases to receive rewards as it's no longer contributing to the network's security. Once it returns online, the reward accrual resumes. Nonetheless, as mentioned above, they don't have access to your tokens, and hence, your funds are safe.
