Staking is Now Live on The Root Network

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August 22, 2023

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ROOT Token

Help secure The Root Network and receive rewards for participating.

Help secure The Root Network and receive rewards for participating. Anyone can use ROOT tokens to get involved.

Table of Contents

Overview

The Root Network is a proof-of-stake blockchain. Help secure The Root Network by staking ROOT and receiving rewards for participating. Anyone can use ROOT tokens to get involved.

For early participants, The Root Network has allocated 10% of the total ROOT supply for the first 260 weeks as an additional Bootstrap Reward.

Gas and network fees are collected during the reward cycle and transferred into The Vortex. In each reward cycle, participants are rewarded with newly minted Vortex tokens based on their stake and participation in the network.

How to participate

Stake

‍Stake ROOT without nominating. The low-risk way of participating.

Nominate

‍Stake ROOT & nominate validators of your choice to secure the network. You share the risks and rewards with validators.

Learn more about the Staking Protocol here.

Choosing which validators to nominate

If you choose to Nominate validators to stake with, consider the following factors to maximize your rewards:

A higher uptime means the validator is more reliable by keeping their node consistently running.
Commission rates vary which impacts your rewards.
Ensure the validator is not oversubscribed. Oversubscribed validators may result in reduced or missed rewards for you.

Prerequisites

You require a minimum of 25 ROOT tokens in your FuturePass to participate in staking or nominating. Follow the steps in the How to buy ROOT guide to get started.

Stake your ROOT

Go to the staking site: staking.therootnetwork.com.
Click Start Staking.
Sign in to your FuturePass. Your available ROOT balance is on the staking dashboard in the top right corner.
Click Stake ROOT.
Enter the amount you want to stake.
If nominating, select one or more validators. Or select ‘Skip nomination’ to only stake.
Confirm your choices and sign the transaction.

Your ROOT is now staked.

View your staking dashboard

To view your staking activities, visit staking.therootnetwork.com and launch the app.

This dashboard shows you how much ROOT you staked, and which, if any validators you have nominated. This is also where you can change nominated validators and view and redeem your Vortex token staking rewards.

Learn more about staking on The Root Network.

For questions and support please contact: support@therootnetwork.com.

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