Quicksilver (QCK)
Validators
Interop is a venture fund and long-time Cosmos community member we have partnered with on several Cosmos protocols. The way our partnership works is Interop leads on governance matters and brings delegation from its community, and we run the validator and bring delegation from our customer base. To reflect the governance being led by Interop, the validators are branded Interop. We offer the same SLAs and commercial terms as usual on delegation to these validators.
Interop
Overview
Stake activation time
Instant
Stake lock-up time
21 days
Auto-compounding
Rewards Distribution
Rewards are distributed block-by-block
Active Set
Top 125 by Voting Power
Slashing
Yes
Staking Workflow
How does staking works?
On Cosmos Chains such as Quicksilver, token holders choose a validator to delegate a select amount of tokens to. The delegator initiates a delegation transaction, which involves locking their tokens in a smart contract. These tokens are then counted towards the validator's total stake.
What is the staking process?
After the delegation has been initiated, QCKs are changed to validator shares of the validator you delegate to.
Do funds move out to another wallet?
Staked QCKs are not part of the balance anymore, but they don’t go to another address.
Can I keep staking/unstaking from/to the same wallet?
Yes, you can increase the staked amount or unstake part of it at anytime.
Can I select how much of my wallet balance I want to stake?
Yes, you select the amount of tokens you want to stake to earn rewards.
How do I unstake?
You can unstake by unbonding your funds. After you initiated the process:
• You stop receiving staking rewards
• It will take 21 days for the amount to be liquid
• But you will be able to cancel the unbonding process anytime, as this chain currently supports the function
Can I unstake part of the staked balance?
Yes, you can select the amount of tokens you want to unstake (this takes 21 days).
How is my balance computed at epoch N for the rewards distribution?
The balance computed at block N for the rewards distribution is the balance at block N.
What is the slashing risk on Quicksilver?
Downtime: During a block window (10,OOO blocks) if a validator signed less than 10% of the blocks, he will get jailed for 1h and will incur a 0.5% slashing penalty. No rewards can be earned during that jail time. Double signing: When a validator attests to two different blocks, it will face slashing. Stakers who have delegated to the slashed validator will incur a slashing penalty of 5% and the validator won't ever be able to earn rewards again. Delegators will have to redelegate to another validator in order for their stake to earn rewards again.
How is commission paid?
Commissions are paid to the validator at the same frequency than the reward distribution (every block).
Last updated