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Secure Taraxa by Staking your TARA! |
- Staking TARA means directly delegating your TARA tokens into validator nodes
- Staking can be done via either the community site (requires KYC), or
- Staking can be done directly on-chain
- After the Aspen Upgrade, staking yields are dynamically adjusted. As of this writing it has an APR of ~14-15%, and it will continue to decay over time because Aspen caps the overall supply of TARA. Learn about the Aspen Upgrade.
- Staking yields will be shared between staker and validators (they will take a commission)
- Staking yields , please note that this is higher than what's stated in the economics rewards section, the dev team is working to build a community voting infrastructure to facilitate community-proposed & voted-on updates to the economics
- You can redeem your yields through the community site's claim section
Staking (delegating your TARA to validators) is a critical part of Taraxa's consensus mechanism, which uses proof of stake (PoS) to guard against Sybil attacks. In plain language, staking makes attacking a network expensive, and aims to make attacking a network so expensive that the cost far outstrips the benefits.
When you stake, not only are you helping to secure the network against attacks, you are also earning a yield (rewards) for your efforts.
Please follow the guide below to stake and help secure the Taraxa network!