Stake, Delegate and Withdraw
Last updated
Last updated
The basic requirement to become a Blokista chain validator is to have a stake amount of at least 100,000 Blokista tokens. The stake amount is the sum of staked and delegated Blokista tokens of the address. This guide walks trough the process of using MEW (MyEtherWallet.com) in the process of using Blokista network.Roadmap - Those functionalities will be built into our Studio and will not require any technical knowledge in the future.
There are two options to stake (both should be called from the address which would be the validator)
1.Send Blokista tokens to the - 0x510f460A14420788785582380b580187C57D9a9D on the fuse network.
2.Call the `stake` function on the - 0x510f460A14420788785582380b580187C57D9a9D on the fuse network.
Blokista token holders who don't want to run a node by themselves but still wish to participate in governing the network can delegate any amount to one of the validators.Delegating is done by calling the `delegate` function on the with the validator address as data (see screenshot from MEW).
Both stakers and validators can withdraw their Blokista tokens, up to the staked/delegated amount, at any time. The withdrawn amount will be deducted from the validator stake amount, and if the stake amount becomes below the minimum stake amount - the validator will be removed from the Blokista chain validators list.There are two options to withdraw:
1.Call the `withdraw` function on the with one parameter - the amount to withdraw. This call is for stakers, and will reduce the stake amount of the sender address.
2.Call the `withdraw` function on the with two parameters - validator address and amount to withdraw. This call is for both stakers (who can use their own address as the parameter) and for delegators to withdraw their delegated stake on a specific validator.
