Zetachain (ZETA)
Validators
Name | Address |
---|---|
Kiln |
Overview
Metric | Value |
---|---|
Stake activation time | Instant |
Stake lock-up time | 21 days |
Auto-compounding | No |
Rewards Distribution | Rewards are distributed block-by-block |
Active Set | Top 100 by Voting Power |
Slashing | Yes |
Staking Workflow
How does staking works? | On Cosmos Chains such as Zetachain, 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, ZETAs are changed to validator shares of the validator you delegate to. |
Do funds move out to another wallet? | Staked ZETAs 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 Zetachain? | Downtime: During a block window (5,000 blocks) if a validator signed less than 50% of the blocks, he will get jailed for 10 min and will incur a 0.1% 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). |
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