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Get rewarded while securing MAP Protocol omnichain network
Staking MAPO is public good for the whole MAP Protocol omnichain ecosystem. Validators need to have sufficient stake once they have their nodes appropriately set up.
As a permissionless Delegated Proof-of-Stake (DPoS) blockchain, MAP Protocol allows users to stake by delegating their MAPO to validators who process transactions and run the network.
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CIRCULATING SUPPLY
0
TOTAL MAPO STAKED
43
TOTAL VALIDATORS
0
CURRENT APR
Why stake your MAPO
Earn rewards
Rewards are given for actions that help the network reach consensus. You'll get rewards for delegating your asset to the right validator that properly batches transactions into new blocks and checks the work of other validators because that's what keeps the chain running securely.
Better security
The network gets stronger against attacks as more MAPO is staked, as it then requires more MAPO to control a majority of the network. To become a threat, you would need to hold the majority of validators, which means you'd need to control the majority of MAPO in the system–that's a lot!
More sustainability
Stakers don't need to do energy-intensive proof-of-work computations to participate in securing the network meaning staking nodes can run on relatively modest hardware using very little energy.
What is staking
Generally, staking is the process of participating in a proof-of-stake (PoS) or a similar consensus mechanism to support the operations of a blockchain network. Participants lock up a certain amount of cryptocurrency in a wallet to help validate transactions, secure the network, and produce new blocks. In return, participants usually receive additional tokens as rewards, potentially leading to a stream of passive income.
In MAP Protocol, staking is the act of locking certain amounts of MAPO into the MAPO Validator Pool. Both validators and users can participate in staking.
Once validators have configured their Validator node, they need to have 1 Million MAPO in their staking pool. Users can participate in staking by delegating their MAPO to the stake of a particular Validator; in this way, they help that Validator operate and earn a percentage of rewards based on their stake.
How to stake MAPO as a user
*IMPORTANT: To stake successfully, you need to have MAPO in your wallet first. You can get MAPO via Butter Swap. Once you have MAPO ready in your wallet, you can proceed as below:
Go to the Staking Page and connect your wallet
To stake successfully, you need to have MAPO in your wallet first. You can get MAPO via Butter Swap. Once you have MAPO ready in your wallet, you can proceed as below.
Lock your MAPO for staking If this is your first time participating in staking, you will then be asked to create an account first. Simply enter your account name, click “Submit”, and go to the staking page to lock your MAPO.
The amount of MAPO locked should be the amount of MAPO you would be able to use for staking. “Unlock” shows the amount of MAPO tokens remaining in your wallet that are not locked.
Hit the “Lock” button and put in the amount you want to use for staking.
Select the validator and delegate your MAPO Once you have locked certain amounts of MAPO, you can select the validator(s) you would like to delegate your MAPO to. The act of selecting a validator is referred to as “Vote”.
Visit the validator pool info page and review their performance before you decide on the validator(s) you would like to vote for. You can also read the validators’ intro on the MAP Protocol Validator forum page to see why you should vote for a certain validator.
When choosing validators, you are responsible for doing your own research and voting for the competent ones. Your MAPO will be delegated to the validators of your choice.Enter the amount you want to stake Once you have locked certain amounts of MAPO, you can select the validator(s) you would like to delegate your MAPO to. The act of selecting a validator is referred to as “Vote”.
User Staking FAQs
Is there any fee that I should be aware of such as delegation fee?
When delegating your MAPO to the selected validator(s), you need to pay a small amount of MAPO as gas fees. Also, when you first create your staking account on MAP Relay Chain, a minimum of around 1.5 MAPO will be charged as gas fees.
What is the minimum amount of MAPO I can start staking?
You will need 10 MAPO at minimum to start staking.
How many validators can I choose to vote for?
There is no limit to the number of validators that you can choose to vote for. However, each time you vote for a new validator, the vote will be counted as a new transaction on the block and you need to pay gas fees for each new transaction.
How long do I need to wait to receive my staking rewards?
Rewards are earned once an epoch has been updated. This means you will need to wait around 3 to 5 days after you have voted for your selected validator(s) before receiving your rewards.
When can I withdraw my staked MAPO?
You can withdraw your MAPO at any time in an instant once your MAPO has been unlocked. However, there is a 15-day pending period for you to unlock MAPO.
What is the reward percentage for staking MAPO?
Since you are staking through a validator pool, the performance and reputation of the validator can affect your rewards. Validators that consistently produce blocks and maintain a high level of uptime may offer better rewards to their delegators.
You can have multiple accounts for staking, but you cannot use one address for staking and another for receiving rewards. The staking address, once set, is the address of your consensus funds – both initial and subsequent rewards – and cannot be changed. Thus, please keep this address properly backed up and securely stored.
How to withdraw my staked tokens?
Go to the Staking Page and connect your wallet
Unlock the amount you’d like to withdraw
Wait 15 days before you can successfully withdraw the unlocked MAPO
Withdraw the unlocked MAPO, and you will get them in an instant
Can the staking address be changed?
You can have multiple accounts for staking, but you cannot use one address for staking and another for receiving rewards. The staking address, once set, is the address of your consensus funds – both initial and subsequent rewards – and cannot be changed. Thus, please keep this address properly backed up and securely stored.
How do I know the validator(s) to whom I should delegate my funds?
Since the validator(s) you choose will directly impact your rewards, it’s essential that you do some research before you decide to vote for a certain validator. Some general metrics to look out for when selecting: Current epoch activity rate, social media presence, and commission percentage.
You can have multiple accounts for staking, but you cannot use one address for staking and another for receiving rewards. The staking address, once set, is the address of your consensus funds – both initial and subsequent rewards – and cannot be changed. Thus, please keep this address properly backed up and securely stored.
What are the factors that may affect the staking rewards?
Staking rewards are subject to fluctuation depending on the validator(s) you choose, the number of staking participants that are staking, transaction volume and other factors.
At the time of posting, stakers on MAP Protocol are earning staking rewards of 13.12% APY. For the most up-to-date information, head to MAPO Scan.
What are the risks involved in staking?
As always, there is usually some form of risk involved in crypto and it is no different with staking. Volatility may also affect the outcome of staking and there are no guarantees as the staking process is randomized and price fluctuations need to always be taken into account.