Edgeware

EDG

Our Total Stake:
140,872,968
EDG
• Nominators:
136
Validator #1
hqf1BwtVzGV1zjSDwzepecxCEyShefaHtBzDocUGMVKf5kk
COPY
Validator #2
k92Zx5xayKd6ipQix2JtTNUCfZFmRibXYdxKyJ8C58Smth3
COPY
Validator #3
j2R7Uxh1kecHYg7tf2aCeMRYoDgmznkvQEqbS3r4bVgJuTS
COPY
Validator #4
nShihyXFu6T1FAYeoiUTmB7pKJEXWUggW3e73y45Nk9XBYP
COPY
Validator #5
jNfUKF57BKJDjvtANYBmEUF3abuLnJvaW5NYZ2QvVeqMaoW
COPY
Validator #6
jk2Vys3VpfXdRJyjFUGQDa1YouoG9MhcrCzvAnV6zGfTeFW
COPY
Validator #7
jsdgaoVY1N9GXbzXUXVnrFe1yj7caimGAKdWDBtTD4nTV3U
COPY
Validator #8
hcrLPPgN8WMiQ4QE448q2H2tETo4n2XSYrSshiGVy3pXwo4
COPY
Validator #9
hjyKQDwX4vSaoE9orpNaXAVcDnQaugtSUiK9f6Gh3L3twSH
COPY
Validator #10
j6TThUUUEVz4zPxj754GmAXSbrT7dgcAttWj8eaNynwF4Jf
COPY

Why Multiple Validators?

Nominated Proof of Stake (NPoS) allows you to nominate up to 16 validators. By nominating multiple Staking Facilities validators you can rely on our top-notch infrastructure while also optimizing for profitability.

Edgeware Staking Tutorial

Your EDGs must be in a wallet or custodial account in order to use our staking services.

Staking Mechanics

Edgeware Protocol Details

Edgeware is a Substrate-based, self-improving smart contract platform. It will be part of the Polkadot ecosystem as a parachain. Formal governance and related mechanisms such as on-chain identities, quadratic voting, and modular governance are the core focus of the network.

FAQs

What is the incentive to stake my EDG tokens?

keyboard_arrow_down

EDG holders can economically back up to 16 validators through their nominations. This increases the security of the overall network and enables token holders to earn rewards on their staked funds. You will receive rewards in the form of newly minted EDG. Conversely, if you do not participate in staking, your assets will get diluted over time.

Do I maintain control over my EDG tokens when staking?

keyboard_arrow_down

You remain in full control over your EDG tokens when you stake. You simply delegate the right to propose blocks and validate transactions contained in each EDG token to the validators you nominate. However, please note that your tokens are illiquid while staked. You need to unbond in order to move your funds.

Is there an unbonding / lock-up period in Edgeware (on-chain bonding duration)?

keyboard_arrow_down

After you stopped your nomination and sent the un-bonding transaction, your funds will remain locked and illiquid for 7 days. This is a security measure stipulated by the protocol.

What are the risks associated with delegating my EDGs?

keyboard_arrow_down

In Edgeware both, validators and nominators can be subject to punishment in case of malpractice. This is referred to as "slashing" and can result in a (partial) loss of staked funds. Validators as well as their delegators face the risk of getting slashed proportional to their staked EDG Slashing occurs in case of misbehavior by the validator (being offline, attacking the network, running modified software). Slashing results in losing a share of your bonded EDG, so choose your validator carefully.

Validators with a larger pool experience harsher slashing conditions in order to favor smaller validators and to foster a proper decentralization of the network.

What are Stash & Controller accounts?

keyboard_arrow_down

There are two different accounts to manage your funds, namely the Stash Account and the Controller Account.

Stash Account: This account holds the funds which are bonded for staking. This is sort of your "safety box". Most functions relevant for your staking operations are done via your "Controller Account".

Controller Account: Through this account you nominate the validators of your choice. The Controller account only needs funds to cover transaction fees, so make sure to allocate some funds for that.

Can I have multiple Controller Accounts for the same Stash Account?

keyboard_arrow_down

No, you can only create one Controller Account per Stash Account.

How can I change my controller account?

keyboard_arrow_down

In the Polkadot UI under "Staking" / "Account actions", click the three dots next to "Stop". Click "Change controller account" in order to choose another controller account for your staking operations.

How can I change my reward destination?

keyboard_arrow_down

In the Polkadot UI under "Staking" / "Account actions", click the three dots next to "Stop". Click "Change reward destination" in order to change the destination of your rewards.

Are my rewards taxable?

keyboard_arrow_down

Unfortunately we cannot answer this question in a general manner as tax regulation differs among legislations. Nevertheless, we advice you to always track your staking operations so you can provide a detailed history of your staking rewards.

How are candidates elected to the active validator set?

keyboard_arrow_down

Validators are elected each era (~6h) to perform block production and validation. The more nominations a candidate has, the more likely it will be elected to the active validator set. Nominators can submit a list of up to 16 candidates that they want to back with their EDG. The list is without an order of preference.

Please note that your stake is distributed between the validators for each era separately. Since this is done automatically by the protocol and in a fashion to distribute voting power as equally as possible between all validators, it can happen that not all of your stake is distributed during one era. You are therefore best advised to nominate more than one validator in order to increase your return.

How can I stop or change nominations?

keyboard_arrow_down

In case you want to stop your nominations, you can do so in the Polkadot UI under "Staking" / "Account actions" by clicking "Stop Nominating".

In case you want to nominate more validators, click the three dots next to "Stop" and then select "Set nominees".

Should I nominate more than one validator?

keyboard_arrow_down

We recommend to nominate at least 5 validators. This will spread the risk and increase the decentralization of the network. Every era, the validator set gets shuffeled. Hence, you increase the likelihood of your stake being included in the active set if you nominate more than one validator.

Make sure you do proper research on the validators you nominate since your stake is also subject to getting slashed in case of your validator misbehaving.

Here is a good overview by the Polkadot team of best practices when choosing your validators.

When I want to nominate, I get the "Invalid Transaction: Payment" notification - what went wrong?

keyboard_arrow_down

In order to successfully nominate validators, you need to make sure that your Stash as well as your Controller Account are properly funded. This is required since actions undertaken with the Controller Account incur transaction fees that need to be covered. We suggest funding it with a minimum of 3 EDG.

I just nominated, but see "inactive nominations" in the UI - did I do something wrong?

keyboard_arrow_down

That is totally normal since it takes one epoch (60 min) until your nominations become active, so just check again after one hour and you should see your nominations as active.

Where can I see how much of my bonded EDG are staked with one of the validators I nominated?

keyboard_arrow_down

In the "Staking" section of the PolkadotUi under "Staking overview" click on "other stake" in the line of your validator. There you will find your account and how much of it is staked with the respective validator.

When do I get staking rewards?

keyboard_arrow_down

At the end of every era, so every 6 hours.

How can I unbond funds?

keyboard_arrow_down

In the Polkadot UI under "Staking" / "Account actions", click the three dots next to "Stop". There click "Unbond fonds" in order to undbond your funds. Please note that if you have bonded your tokens, a period of 7 days needs to pass before you can unbond. Once your tokens are unbonded, you need to issue another transaction, namely "Withdraw Unbonded" in order to be able to transfer your funds. For more, visit: https://docs.edgewa.re/understanding-edgeware/validating-on-edgeware-ui/nominating/stop-being-a-nominator-unbond

How can I bond more funds

keyboard_arrow_down

In the Polkadot UI under "Staking" / "Account actions", click the three dots next to "Stop". There click "Bond more funds" in order to increase your stake.

What are era, epoch and session?

keyboard_arrow_down

These are units of time in the edgeware network.

Epoch: 60 minutes

Session: 60 minutes

Era: 6 hours (6 sessions)

Blocktime in Edgware is 6 seconds

When I visit polkadot.js I get the notification that I am not connect to a node - what should I do?

keyboard_arrow_down

In order to solve this, first close the notification and then click on the circle in the upper left corner (where the Network symbol usually is). Then check "custom endpoint" in the popup. Afterwards change "wss://mainnet1.edgewa.re" to "wss://mainnet2.edgewa.re" (or 3-10) and then hit "save & reload".

How do you unlock tokens that were locked from Seconding a proposal?

keyboard_arrow_down

You need to wait for the proposal to pass/move first. Your tokens will then be automatically unlocked. This should take around 7 days.

What do 'Active', 'Inactive', and 'Waiting nominations' mean?

keyboard_arrow_down

In Substrate-based chains such as Polkadot, Kusama, and Edgeware, you are advised to nominate more than one validator (up to 16). Each era, validators are elected to the active validator set and stake is divided among the elected validators according to the 'Phragmen' algorithm to optimize for equal distribution. Therefore, your nominations can have different statuses:

  • 'Waiting': the validators were< not elected to the validator set for this era
  • 'Active': the validator was elected to the set and your whole stake is backing this validator for the current era
  • 'Inactive': these validators have also been elected to the set, but your stake is currently not backing them

Usually, you only have one nomination shown as 'active'.




       Address copied to clipboard

Welcome, to the future of money
You can now paste the address in your staking wallet
Need help? Check out our tutorials