DApp Staking

Overview

What is dApp staking: Instead of staking to validators, users can choose to nominate their Astar/Shiden tokens on the project. These users are also known as nominators. At every block, half of your block rewards are used for dApp staking. This reward is further divided into a 4:1 ratio between operators (developers) and nominators.
40% of block rewards is a huge incentive for dApp developers to build in the Astar ecosystem. In other blockchains like Ethereum, dApp developers need to apply for grant programs, issuance of tokens, fundraising etc. to earn some money. In the Astar ecosystem, as long as your dApp has been nominated, you will receive some basic income. As your dApp grows in popularity, more members of the community will nominate you and this means that you will receive a greater percentage of the block reward!
We must also not forget the nominators. 10% reward is quite substantial and can serve as an alternative to staking to validators or lending on other DeFi platforms.

Parameters

During the first phase, there will be some limitations so we can keep monitoring our nodes and dApps who are using our dApp staking mechanism. Please take the following parameters into consideration:
    dApp staking is only for whitelisted projects who joined our builder's program first.
    To register a dApp for dApp staking you need to have 100 SDN tokens.
    Each dApp can have a max of 512 nominators.
    The minimum amount to stake is 100 SDN.
    A claim needs to be done within 15 days or the unclaimed rewards go to the treasury. A claim can be done by the contract owner or any staker in the dApp. One claim will claim for everyone!
    Currently, there is no slash nor bonding period during this phase.

How to stake

Step 1

Go to our portal: https://portal.astar.network/ and click on 'Store'.
Make sure you are connected to the correct network.
Shibuya Network: testnet
Shiden Network: mainnet on Kusama

Step 2

Look for your favorite project. You can click on the name to see more information about the project. Another great resource is looking in our forum.
To add your staking amount, just click on 'Stake' in the box of your favorite project.

Step 3

Add: you can add more SDN in dApp staking.
Unstake: you can now claim your SDN back.
Claim: claim your rewards. Every ERA you can claim for your rewards, please note that it doesn't have to be you to press claim. If the dApp owner or anyone one else from the stake pool press claim, you also will get your ERA rewards.
Last modified 14d ago