Skip to main content

Staking L1 Betanet Tokens

Staking is one of the easiest ways to support the LAMINA1 platform while earning extra L1 Tokens. If you’re unfamiliar with the term, staking refers to the act of locking L1 Tokens up for a period of time in return for voting power in consensus. When staking L1 Tokens you can decide to stake them on your own node, a process known as validating, or you can decide to stake them on a public node, a process known as delegating.\ \ In return for supporting the platform in this way, a user may receive extra L1 Tokens proportional to their stake at the end of their lockup. When you stake your L1 Tokens you decide how long you want them locked up, with longer lock ups earning a higher interest rate.\ \ The actual amount of interest you can earn for your staked coins is based on a number of parameters including:

  • Length of lockup
  • Performance or “uptime” of the node they’re staked on
  • Delegation fee of the node they’re staked on

It is outside the scope of this document to provide a detailed breakdown of how staking rewards are calculated. Stay tuned for a dedicated whitepaper explaining this concept in more detail.

L1 documentation is still a work in progress. To build upon it or provide feedback, please join us on Discord and share in the designated #betanet-feedback channel.

Staking Parameters​

  • The minimum amount that a validator must stake is 31,337 L1
  • The minimum amount that a delegator must delegate is 1 L1
  • The minimum amount of time one can stake funds for validation is 1 day
  • The maximum amount of time one can stake funds for validation is 1 quarter (of a year)
  • The minimum amount of time one can stake funds for delegation is 1 day
  • The maximum amount of time one can stake funds for delegation is 1 quarter (of a year)
  • The minimum delegation fee rate is 2%
  • The maximum weight of a validator (their own stake + stake delegated to them) is the minimum of 10 million L1 and 5 times the amount the validator staked. For example, if you staked 31,337L1 to become a validator, only 125,348 L1 can be delegated to your node total (not per delegator)