Stake, unstake, delegate
All Contract Actions can be used on different portals and wallets. This is just an example on bloks.io
Staking overview
- Staking is happening on-chain
- Staking includes the possibility for delegation and transfer staking
- Delegated tokens still appear in the token balance of the delegator
- Transfer staked tokens appear in the token balance of the delegate, who is the new owner
- Stake claiming is now on-chain
- Stake claiming now includes the work bonus as well as the typical stake bonus
- Stake claiming also includes automatic return of expired staked tokens to token owner
- All stakes must be over the minimum stake amount at all times (100k)
- Existing stakes can be added to as long as the new stake expiration time is equal to or greater than the existing expiration time
- Existing stakes with finite-time expirations must be unstaked all at once
- Overall staked amount valid for stake bonus is capped by the powered stake quantity of a given account
Staking
Terminology:
Stake - Time-locked, non-spendable token. Also the action of creating this token balance.
Expiration time - Time that delegation unlocks. In stake-related functions, the time_limit
variable is denoted in seconds forward from current time. In the staked and delegation
tables, the expiration_time variable is denoted in microseconds since epoch.
If you want to stake to yourself on blocks.io go here:
https://bloks.io/account/boidcomtoken?loadContract=true&tab=Actions&account=boidcomtoken&scope=boidcomtoken&limit=100&table=stakes&action=stake
As you can see from the Select Action area - stake is chosen.
Fields from and to is where you type your name of your EOS account.
quantity is number of BOID you want to stake in this format: x.0000 BOID (always 4 digits! where x is the number of BOID tokens to stake)
time_limit is counted in seconds(!) and when you type 0 it will mean unlimited time until you use unstake option. If you make a mistake with the number of seconds you may even lock your BOID tokens for 100 years!!! So don't make a mistake!!! use_staked_balance - when you tick this option it will use your staked BOID tokens and stake them to chosen account.
Submit transaction
Remember if you have issues with your CPU you can use free TX option on blocks.io
Delegating Stake
Terminology:
Delegate - Receiver of staked tokens
Delegator - Giver of staked tokens
Delegation - A token exchange from one balance to a staked balance. Can only be done by the
token owner
Self-delegation - A delegation from an account’s liquid balance to its staked balance
Indefinite delegation - A delegation that can be unlocked at any time. Useful for tokens that may
be delegated later on. Designated by an expiration_time of 0
With action stake still chosen. In to field where you type your EOS account name - change it to account name of the user you want to have your BOID tokens delegated to. Remember about typing quantity in right format and time_limit in seconds.
Unstake
Now we choose action called unstake.
Everything is the same as in stake except:
- issuer_unstake (this option is only used by original issuer of BOID tokens)
- transfer (unstake tokens and transfer them to different chosen account in to field at the same time)
Example stake scenarios
Stakes and transfer stakes should represent an equal-value transaction between the delegate and the delegator.
Example 1: Stake to team leader or supernode
Stake to a Boid leader to proxy your votes or to allow them to collect bonuses for the benefit of your tribe.
Example 2: Team leader transfer stake to top contributor
Transfer a staked reward to top contributors. Keep the reward locked for a period of time that seems fair.
Example 3: Create a stake pool
The main difference here with example 1 is that the pool account may have more democratic permissions.
