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Staking
Secure Taraxa by Staking your TARA!
- Staking TARA means directly delegating your TARA tokens into validator nodes
- Staking yields are currently ~20% APY, however from previous short-term testing the yield might be closer to between ~18-19%, due to a variety of network topology and conditions this number could fluctuate, yield numbers are never exact, the longer the observation window the more accurate the measurement will be (e.g., one month of data is more accurate than one week)
- Staking yields will be shared between staker and validators (they will take a commission)
- Staking yields , please note that this is higher than what's stated in the economics rewards section, the dev team is working to build a community voting infrastructure to facilitate community-proposed & voted-on updates to the economics
Staking (delegating your TARA to validators) is a critical part of Taraxa's consensus mechanism, which uses proof of stake (PoS) to guard against Sybil attacks. In plain language, staking makes attacking a network expensive, and aims to make attacking a network so expensive that the cost far outstrips the benefits.
When you stake, not only are you helping to secure the network against attacks, you are also earning a yield (rewards) for your efforts.
Please follow the guide below to stake and help secure the Taraxa network!
Last modified 1mo ago