How To Stake The Oasis Network's ROSE Token

Staking is a great way to earn rewards for contributing to the Oasis Network's security and success. But how does staking work?

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Staking crypto is a great way to earn rewards for contributing to the network, and the ROSE token provides rewards for “staking” tokens on the network! But what exactly is staking, and how does it work? This guide walks through the entire staking process so Oasis users know how to be rewarded for contributing to the security of the network.

Here’s an overview of what this guide covers.

  • How Staking Works
  • The Benefits of Staking
  • How to Stake ROSE
  • Staking FAQs

For anyone who is new to staking, be sure to read the whole way through to get a complete understanding of the power of staking and how to benefit from it. 

What Is Staking? How Does It Work?

The simplest way to look at staking is that it’s the act of locking up a cryptocurrency token to receive rewards from the network for contributing to its ongoing activity. 

Oasis and all other blockchains require that transactions be validated by users. Proof of Stake (PoS) is a consensus mechanism that allows blockchain networks to achieve distributed consensus. With PoS networks, the participants effectively “prove they’ve staked their crypto” (proof-of-stake) to the network and receive rewards as a result. With their tokens staked, these validators are chosen to create a new block based on various factors, including how much currency they hold and are willing to “stake” as collateral.

Security is an important issue for all staking. Validators can choose to “cold stake”, which means staking on a wallet that’s not connected to the internet. Or they can use a staking pool, which allows multiple stakeholders to combine (pool) their resources to increase their collective chances of being chosen as validators and earning rewards.

The Benefits of Staking

Every blockchain network is unique, but staking on Oasis or any other network has two key benefits. 

First, staking allows the token holders to earn rewards for contributing to the safety and security of the network. Decentralized networks need global communities of validators to support their continued functionality and security. Staking rewards users for their role in supporting this success. 

Second, staking in fact helps secure the network by validating onchain activity. Everyone who owns a token, uses a network’s dApps, or engages in some other way is not required to stake their tokens. But users who do stake are directly contributing to the network. By locking up (staking) assets, users help make it either more expensive for any entity to gain control of the network.

A Guide to Staking ROSE

There are a number of ways to stake ROSE tokens. 

Of course, acquiring ROSE before staking is an important step. Afterward, users can begin by downloading a mobile wallet, using a web-based wallet or connecting a hardware wallet to their chosen wallet app. Each staking pool, wallet, or exchange account (e.g., Binance and others) will provide the necessary instructions to begin staking.

  • Simply navigate to the “Staking” or “Escrow” sections, and select a validator from the list. 
  • Delegate the preferred amount of ROSE tokens to the chosen validator. 
  • Potentially specify the gas price for the transaction. 
  • Confirm the transaction by signing it using a hardware wallet or other verification. 

Once completed, the ROSE tokens are successfully staked. Stakers can conveniently monitor their staking activity within the wallet’s “My Escrow” or equivalent section. Keep in mind that specific wallet interfaces and validator options may vary, so consulting the wallet’s user guide for precise instructions is encouraged.

Staking FAQs

The following questions and answers should help any readers who need more information on staking with the Oasis Network. For even more discussion on staking, reach out to the Oasis team and community via Telegram, Twitter, or Discord

How much does Oasis pay in staking rewards?

Currently, you can earn 20% rewards on an annualized rate by staking your ROSE.

How Often Are Rewards Paid Out?

ROSE rewards are received on each epoch transition which is approximately every hour.

Are there lockup periods when I stake my ROSE?

Yes, the lock-up period takes 14 days to complete. During this time, you will not earn rewards. When the process is complete, you can transfer your ROSE.

Where can I find validators?

All validators can be found here

I’d like to become a Validator. Where do I start?

If you’d like to be a Validator, please view this comprehensive guide that discusses taking part in our incentivized Testnet, benefits, costs and everything involved to get started.

Can I choose how I receive my staking rewards?

Rewards are always in ROSE. Also please note that awarded tokens are automatically restaked, so if you want to unstake them, the unbonding of staked tokens takes 14 days.

Do I maintain custody of my ROSE tokens? Who or what controls my staked ROSE tokens?

You can maintain self-custody of your ROSE tokens, ideally using a Ledger hardware wallet. Instructions for using your Ledger wallet with Oasis can be found here.

The Oasis Network takes control of your ROSE tokens while they are staked. If you unbond your tokens, this process will take 14 days before the protocol returns your tokens to you.

Where can l learn more about Binance staking?

As with most tokens, staking your ROSE on Binance is subject to availability. Here is more info on how to stake your ROSE through Binance.

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