Delegating
The following steps will guide any BNC holder to do Staking on Bifrost, delegate BNCs for Collators and receive Staking rewards. Learn more about the Collator System and parameters. (*This tutorial was capturing under the testnet, ASG equals to Bifrost BNC on mainnet.)
Step 1: Make sure you have BNC (claim test-BNC on Bifrost Faucet), go to https://bifrost.app, switch to Bifrost Stage Network check all Collators.
Active: Active Collators, producing blocks and releasing Staking rewards. (The more stake a Collator has, the less reward the delegator gets, and vice versa)
Waiting: Collator candidates, no Staking rewards.
Tip: For each Collator, only top 100 delegators can receive Staking rewards, the ranking relates to delegating amount.
Step 2: Choose one Collator and click “delegate”, confirm the minimum bonding amount and start delegating.
Step 3: Check your Staking data & status.
Step 4: Unbond, revoke delegating. Click “unbond” and redeem your bondings, wait 24 rounds then you can receive it (no reward during the revoking period).
Last modified 10mo ago