To participate in the staking, you need to:
- Hold ORBS.
- Choose a guardian for delegating the voting rights to.
- Agree to lock and stake their ORBS.
Staking rewards
Token holders who delegate to an activate guardian are provided rewards in proportion to the staked amount.
The annual reward is up to 8% of the delegator's staked tokens. (Rewards are limited by the upper bound of 80 million ORBS tokens)
Unstaking
Users must unstake tokens to send staked tokens. However, users will not be able to send these tokens immediately, as they will be in an unstaking-requested status for 14 days after the unstaking request is made. This period of inability to send these tokens is called the lock period. Please note that users cannot send staked tokens right after unstaking them.