- 30 days
Switcheo is a Decentralized Exchange (DEX) built on the NEO platform. It allows for the trustless exchange of NEP-5 tokens and may expand to other cross-chain tokens in the future.
Staking is the process of locking SWTH to support the security and operations of the TradeHub network. You can Stake/Delegate your SWTH tokens on 1 or more Validators.
Validators run a full node and participate in consensus by broadcasting votes and committing new blocks to the chain.
Bonded refers to the state which your SWTH are staked and earning rewards.
Unbonding refers to the state where your SWTH are unstaked but are not yet tradeable/transferable due to an earlier unstaking action. The unbonding period for SWTH is 30 days. During those 30 days you will not earn any rewards.
There is no unbonding period when you redelegate/restake your SWTH tokens to a different validator.
Staking rewards consist of:
These are distributed in proportion to the amount of SWTH staked.
During the first 4 years of Switcheo TradeHub operation, the number of tokens issued as block rewards will start with an initial weekly emission rate of 1.92% in Week 1 and then decay by 1.65% week-on-week. Tokens will be issued at a constant rate in Year 5. After Year 5, no more new tokens will be issued.
No, there is no minimum amount.
Note: there is a 30 day unbonding period for unstaking. During this time rewards are not accumulated.
Validators have no control over your staked SWTH tokens and your SWTH tokens always remain in your possession/TradeHub wallet.
However, your staked tokens can be slashed in the event your delegated validator commits a penalty.
This guide assumes you have already signed up for a Switcheo Tradehub account. Follow the guide here if you have not.
Following is your step-by-step demonstration of staking SWTH starting from the “Staking Homepage”.
To check your total rewards, simply click on the “My Rewards” tab on the mid-right section of the “My Staked SWTH” page.
Finally, on the “My Rewards” page, you will see your list of tokens and the amount of staking rewards you have earned.