Celo Native Staking
Native staking for Celo
Yield ID | celo-celo-native-staking |
---|---|
Network | Celo |
Deposit Token | Celo (CELO) |
Supports Multiple Validators | Yes |
Warmup Period | 1 day |
Unbonding Period | 3 days |
Minimum Requirement | N/A |
About
Our native CELO staking integration facilitates delegations to any partnered validator in the active set. When you stake, you start earning after 1 day and rewards are automatically credited to your deposit every few days.
Pending Actions
Stake Locked
If during the staking flow a delegation transaction is to fail, CELO tokens will be presented as locked
. A pending action will then be available on the locked
balance that allows users to try staking these tokens again.
Unlock Locked
If during the staking flow a delegation transaction is to fail, CELO tokens will be presented as locked
. A pending action will then be available on the locked
balance that allows users to unlock these tokens.
Withdraw
After the 3 unbonding day period has passed, users will need to withdraw their unstaked
balance to make it available again.
Considerations
Celo staking has a few quirks not present in other integrations.
- An account needs to be created before tokens can be locked
- Tokens need to be locked before they can be delegated to a validator.
Because of this, the first staking operation a user makes will result in three transactions needing to be signed and submitted, account creation, locking CELO and finally delegating CELO.
When unstaking, a transaction needs to be submitted to remove the delegation from a validator, and another to unlock the CELO tokens. If any of the submitted transactions are to fail for any reason, users will be able to adjust their position by utilising the pending actions as described above.
Preferred Validators And Their Addresses
Validator | Address |
---|---|
Stakely | 0xe92b7ba8497486e94bb59c51f595b590c4a5f894 |
Chorus One | 0x81cef0668e15639d0b101bdc3067699309d73bed |
Coinbase Cloud | 0xdadbd6cfb29b054adc9c4c2ef0f21f0bbdb44871 |
Figment | 0x01b2b83fdf26afc3ca7062c35bc68c8dde56db04 |
Updated 2 months ago