Staking & Nominating

Staking is the voluntary wagering of “chips” to receive a reward or exchange.

The Ternoa chain relies upon NPoS consensus. Hence, holders can stake their Capsule Coins to become, or nominate validators on the network.

Validators and nominators are rewarded with:

  • CAPS paid by network users to create transactions on the blockchain as described in the Utility section

  • CAPS from the treasury pallet, distributed proportionally amongst the active set of validators

How to stake CAPS on the Ternoa chain?

Step 1 - Nominate validators on Polkadot-JS UI following these steps

  1. Switch to Ternoa Network :

    • Open the network list by clicking on the down arrow in the top menu

    • Click "Live Networks" and select "Ternoa"

    • To validate, click on the "Switch" button at the top of the sidebar

Step 2 - You are now connected to the Ternoa network and can start staking CAPS by following the next step.

  1. Create a Polkadot account if you don’t already own one.

It's advisable to set up two separate accounts: a controller account for regular use and a stash account for additional security. You can find more information about this here, as well as in the accompanying video tutorial below.

Ensure that your stash account has a minimum amount of transferable CAPS, and your controller account contains over 1 CAPS. This is necessary to maintain sufficient liquid funds to cover transaction fees during the bonding and unbonding of funds.

  1. Under the Network tab at the top click the Staking option

  2. Select “Account” tab (on top). It may take a while to load

  3. Select the “+ Nominator” button (top right)

  4. Choose your Stash and Controller accounts

  5. Select the amount you want to bond and the rewards destination and click "Next"

  6. In the next screen select your validators

Please make sure you've read the article on how to select validators.

  1. Once you're done, click “Bond and Nominate”

  2. Enter the password for your account and click "Sign & submit"

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