NexDAX Chain Delegator
What's the role of a delegator?
A delegator can delegate its NT to a chosen validator to participate the consensus and earn rewards.
Staking NT directly contributes to the security of the entire network.
How to delegate my NT?
Please read the guide here
You can use:
How to undelegate my NT?
Delegates and validators themselves may choose to unbond their NT for a variety of reasons. It is important to note that these NT are subject to what is known as the UnbondingTime, an on-chain parameterized period of time upon which all delegates, including validators, must wait for their NT to become fully unbonded. In addition, these NT are still subject to be potentially slashed upon commitment of any byzantine behavior. The UnbondingTime ensures a variety of security measures in the network, such as accounting for network synchrony assumptions, providing a lower bound for the length of a long-range attack and solving the “nothing-at-stake” problem.
The current UnbondingTime in NexDAX Chain mainnet is 7 days.
How to redelegate my NT?
Redelegations between a unique delegator, source validator, and destination validator can only happen once every UnbondingTime
How many tokens are required to stake NT?
The minimum delegated amount is 1NT.
How to claim my rewards?
You can read about the details here
When can I receive my staking rewards?
Since validatorset info is updated every day UTC 00:00, to make some room for the error handling, we distribute the fees of day N-1 in the next breathe block (day N+1). Thus, after you sent delegate transaction, you will receive your first staking rewards at the second UTC 00:00. Afterwards, you will receive your rewards everyday at UTC 00:00.
When can I receive my undelegated NT?
Since Unbonding Period is 7 days. Thus, after you sent undelegate transaction, your staked NT will not receive any rewards since the next UTC 00:00. After 7 days start from the next UTC 00:00, you will receive your NT .
What's the potential loss for delegators?
The only risk for delegators is the loss of rewards when their staked validator is slashed. Their staked NT will not be impacted.
Can a validator run away with their delegators' NT?
By delegating to a validator, a user delegates voting power. This does not mean that the validator has custody of their delegators' NT. By no means can a validator run away with its delegator's funds.