Staking
DENTNet allows the staking of DENTX. Each holder of DENTX can stake their DENTX and will get rewarded for locking the token.
Staking Implementation
The core of DENTNet uses Nominated Proof-Of-Stake. Staked funds and Validators are connected as each staked DENTX is assigned to one or more Validators. This logic allows DENTNet to connect different user groups to different Validators, like subscribers to Validators of their mobile operator.
The connection between staked funds and Validators is established via nomination pools. Each nomination pool contains a list of Validators. Funds bonded to a nomination pool receive staking rewards based on the performance of the Validators in the pool.
A nomination pool operated by the Technical Committee is available with the launch of DENTNet. It contains the set of Validators operated by launch partners including DENT Wireless. See also the Validators section for more details.
Rewards and Inflation
DENTNet uses an inflation model with the target of locking in 50% of the issued DENTX.
Based on the current staking ratio (DENTX staked / DENTX issued), the reward rate and inflation rate are calculated to attract more funds or stabilize the amount of funds locked.
DENTNet targets an amount at stake of 50% of the issued DENTX. When this is reached, the network will optimize for a 10% inflation rate and a 20% staking reward rate.
This table shows the approximate staking reward and inflation rates based on the staking rate.
These values are targets that DENTNet algorithms try to achieve. They are not guaranteed.
10 %
40 %
4 %
20 %
27.5 %
5.5 %
30 %
23.3 %
6.99 %
40 %
21.5 %
8.6 %
50 %
20 %
10 %
52.2 %
15.4 %
8.03 %
60 %
13 %
7.8 %
Locking
Payout
Stakers receive staking rewards in the form of DENTX.
The payout needs to be requested. You can request payouts using the Dashboard.
If not requested, payouts expire after 84 days.
Please visit your Staking Dashboard regularly to don't miss your rewards.
Last updated