Stake, Delegate and Withdraw
Last updated
Last updated
The basic requirement to become a Xvitesse chain validator is to have a stake amount of at least 100,000 Xvitesse tokens. The stake amount is the sum of staked and delegated Xvitesse tokens of the address. This guide walks trough the process of using MEW (MyEtherWallet.com) in the process of using Xvitesse network.Roadmap - Those functionalities will be built into our Studio and will not require any technical knowledge in the future.
There are two options to stake (both should be called from the address which would be the validator)
1.Send Xvitesse tokens to the consensus contract - 0x2042a4cE4A0a8123BA405B92293fC8D8cf5A29f8 on the fuse network.
2.Call the `stake` function on the consensus contract - 0x2042a4cE4A0a8123BA405B92293fC8D8cf5A29f8 on the fuse network.
Xvitesse token holders who don't want to run a node by themselves but still wish to participate in governing the network can delegate any amount to one of the validators.Delegating is done by calling the `delegate` function on the consensus contract with the validator address as data (see screenshot from MEW).
Both stakers and validators can withdraw their Xvitesse tokens, up to the staked/delegated amount, at any time. The withdrawn amount will be deducted from the validator stake amount, and if the stake amount becomes below the minimum stake amount - the validator will be removed from the Xvitesse chain validators list.There are two options to withdraw:
1.Call the `withdraw` function on the consensus contract with one parameter - the amount to withdraw. This call is for stakers, and will reduce the stake amount of the sender address.
2.Call the `withdraw` function on the consensus contract with two parameters - validator address and amount to withdraw. This call is for both stakers (who can use their own address as the parameter) and for delegators to withdraw their delegated stake on a specific validator.
