Edgeware (EDG) Staking - All information about Edgeware staking - DropsEarn
Edgeware

Edgeware (EDG)

Mainnet launch on 02/17/20, by Commonwealth Labs, based in the United States, Edgeware aims to provide a smart contract platform designated the first on Polkadot Network.

  • Reward: 17.01%
  • Adjusted Reward: 11.52%
  • Compound Reward: 18.54%
  • Adjusted Compound Reward: 13.05%
  • Inflation: 5.49%
  • Lock-Up Period: 14 days
  • Total Staked: 29.30%
  • Price: $0.0041
  • Market Cap: $25,969,463
  • Rank: #588

Staking

Edgeware uses a version of proof-of-stake called Nominated Proof-of-Stake, and stakers are split into two types:

Validators: Node operators who secure the network and are backed by nominators and their own stake.

Nominators: EDG holders who delegate/nominate their EDG to a validator and share in the benefits.

See more details about these roles: Intro to Roles in NPoS

Staking and Consensus Parameters

Reaping Threshold: The amount that an account must maintain in order to avoid deletion.

Consensus configuration:

  • Aura
  • Runtime version: 28
  • Blocktime: 6 seconds
  • Session: 60 minutes (600 blocks)
  • Era: 6 hours (6 sessions per era)

Staking configuration

  • Validators at launch: 10
  • Validator slots at launch: 60
  • Bonding duration: 14 days
  • Slashes deferred duration: 7 days
  • Cancellation of slashes: 3/4 of council required - need to revisit this

Read more: Advanced Staking Guide