How to Stake $ROOT on The Root Network with Girin Wallet

Discover how to stake your $ROOT tokens on The Root Network using Girin Wallet. This guide provides a simple and secure process to help you earn rewards while contributing to the network's growth.
Girin's avatar
Dec 24, 2024
How to Stake $ROOT on The Root Network with Girin Wallet

What is The Root Network Staking?

The Root Network is a Proof-of-Stake (PoS)-based blockchain. By staking ROOT tokens, you can help secure the network while earning rewards. Anyone can easily participate with ROOT tokens, and to incentivize early participants, 10% of the total supply is allocated as a special bootstrap reward for the first 260 weeks.

There are three ways to participate in staking, each with different responsibilities and reward structures:

Staker

  • Earn 0.024640657 $ROOT per staked $ROOT during each reward period. Rewards are distributed as Vortex tokens at the end of the 90-day cycle.

  • Staked $ROOT tokens are locked but can be unstaked at any time with a 28-day unstaking period.

Nominator

  • Earn 0.049281314 $ROOT per staked $ROOT during each reward period. Rewards are distributed as Vortex tokens at the end of the 90-day cycle. Additional rewards are granted based on the performance of the nominated Validator, determined by the fee ratio and accumulated Work Points during the reward cycle.

  • Staked $ROOT tokens are exposed to the risk of slashing from the nominated Validator. Nominators must actively monitor and manage the status of their Validator.

Validator

  • Earn 0.073921971 $ROOT per staked $ROOT during each reward period. Rewards are distributed as Vortex tokens at the end of the 90-day cycle.

  • Validators earn additional rewards for performing validation tasks, minus fees paid to Nominators.

  • Staked $ROOT tokens are exposed to slashing risks. Setting up, operating, and maintaining a Validator node requires technical expertise and investment.

For detailed information, refer to the The Root Network Docs.

This guide provides instructions for participating as a Staker or Nominator.


Guide

Note: Rewards are forfeited if unstaking occurs before the reward cycle ends.


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