Stake Overview and Delegators stake on TFSC

Stake Overview

Transformers chain is a decentralized high, performance public chain system. All delegators and validators in the network, in the default state, do not have any interests and cannot participate in any work of the Transformers network. They need to lock a certain number of TTOS to obtain the relevant interests in the Transformers network. The stake of Transformers is an act to participate in the network by locking a certain number of TTOS. The stake is to increase the cost of a small number of people to operate the Transformers network, which can effectively prevent malicious nodes from using the Transformers network and make the cost of witch attacks increase significantly, which has the advantage of making the evil-doers give up the motive of gaining illegal revenue on the web. The stake is continuously growing to make the network security of Transformers guaranteed.

Stake and Interest

When participating in the Transformers network, please first understand the rights and benefits of all roles on the web so that you can find a better fit for your role, help the network become faster and smoother, and gain relevant rights and benefits.

Delegators stake

Delegators stake is a behavior in which users with a certain amount of TTOS asset balance choose a validator with stable performance for equity entrustment.

The minimum amount of individual delegators stake in the Transformers network is 55 TTOS, and the maximum amount of equity entrustment that a validator can accept is 65000 TTOS. Users holding TTOS can get long-term. At the same time, the validator and delegators will be jointly incentivized by the Transformers network. It should be noted that the validator chosen by delegators will lead to the loss of delegator’s revenue when it is in an abnormal state in the network. The validator will also suffer serious losses, and they are risk-sharing and reward-sharing.

The following section will list some of the stakes delegators needs to be aware of to relieve them of the unknown and misunderstanding.

1. Once complete delegator stake, it will not can be unlocked during a freeze cycle that lasts 24 hours. The cooling-off period for delegators stake is calculated from the time stamp to the start of the following reward epoch cycle. Delegators will not be able to get any return during the cooling-off period, and the return benefit of delegators will be covered in each reward epoch cycle after the cooling-off period is over.

2. The validator’s work status will affect delegator’s earnings. Suppose the validator workload in the reward epoch cycle deviates from the normal validator triggered by abnormal or too low. In that case, delegator’s gains will be lost, so the choice of active and stable validator delegated interests is vital. Once the loss of earnings, delegator has the right to lift the delegated interests to other normal validators.

3. Delegators return is calculated from the beginning of a new bonus epoch cycle, the stake yield at the beginning of the bonus epoch cycle is the economic indicator on which delegator return is calculated, and the change in the economic indicator within each bonus epoch cycle is only used as an accurate forecast of the return for the next bonus epoch cycle.

4. The claiming of delegators rewards is done by the validator instead. After a reward epoch cycle ends, the validator can claim its rewards and those of all delegators on its nodes at any point in the next reward epoch cycle. Suppose the claim is missed during the above epoch cycle. In that case, the Transformers network will be considered the validator is giving up all its rewards and delegator on its nodes in the previous reward epoch cycle.

5. The Transformers Network has set some rules for the equity stake operation for each delegator account. Firstly, each delegator account cannot be staked for a second time during the staking period, and it is necessary to recreate a new delegator account or release the current delegator stake before the staking operation. Secondly, separate delegator accounts can only perform equity delegation for independent validators, and each delegator account cannot perform delegation for two or more validators. The number of corresponding delegators accounts is needed if multiple validator delegations are required.

How the delegators stakes TTOS

Please use wallets that support TTOS assets, containing those provided by third-party service providers, and please fully understand their security before using them.

Verification stake

If your current wallet account is a physical node wallet account, you can stake physical nodes by using Verifier. Please follow the Tick Wallet tutorial to operate if it is the first time you use Tick Wallet.

Stake TTOS

1. Open Tick Wallet wallet APP.

2. Click on the Verifier in the navigation bar.

   

   

3. Click Verification stake.

   

   

4. Enter the amount

5. Click OK, and enter the correct password.
   Congratulations, you stake successfully, and you can see your stake record information on the list!

Cancel stake

1. Open Tick Wallet wallet APP.

2. Click on the Verifier in the navigation bar.

   

   

3. Click the “Unpledge” in the list .

   

   

4. Click OK, and input the correct password.
   Congratulations, you stake successfully!