Go to https://www.aurowallet.com/, install the extension, and connect your account
Go to https://www.aurowallet.com/, install the extension, and connect your account
Search for Chorus One, click Next, and choose the fee.
Go to the Staking tab and click on Go to staking
Click Confirm to broadcast and confirm your delegation
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Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information.
In addition to time-locked accounts, Mina introduced the concept of supercharged rewards. When an account no longer has money under time-lock (either a new account or the whole initial minimum balance has been vested), the block rewards are multiplied by two.
Find more here
A time-locked account prohibits payments that would drop the amount below a certain minimum, which varies according to the block height. When establishing a new account, you must provide the time-lock setting. This can only happen in the genesis ledger at the start of a network.
First of all, you have to log into your wallet.
Head to the Clorio web app or open the Clorio Desktop App and select Access with Ledger or Access with Private key.
In case you do not have an account click on Create a wallet and note down the passphrase and private key in a secure place.
Do not share your passphrase or private key with anyone. Doing so may cause loss of funds!
If you already have a wallet, insert your Private key to log in to your wallet. Once the Private key is inserted, the button Access the wallet will be enabled, allowing you to enter inside your wallet.
On the left-side-menu click on Staking Hub item.
You will be brought to a new page, here you will have the staking status and the list of Validators.
To start delegating, you can scroll to Chorus One and click on the Delegate button, or you can manually delegate by clicking on the Custom delegation button.
After you click the Delegate button, a confirmation screen will show up.
Once you click on Confirm button you will be asked to insert a fee. The field will be pre-compiled with the Average fee, but you can choose the one that you want.
After you click on Proceed button, you will be asked to put your Private key in order to proceed with the delegation.
If the Private key is valid the modal will disappear, then will pop out an alert on the bottom right side of the screen confirming that your transaction has been successfully broadcasted to the network.
If you are using a Ledger, Clorio will send all the information of the delegation to your Ledger in order to sign them on the device.
For instructions on how to install Ledger App for Mina visit here
Please be sure that your Ledger is connected, Ledger Mina app is open and your device is unlocked and your browser meets the minimum requirements.
If there are no issues with the delegation data, Clorio will wait for the Ledger signature and then broadcast the transaction to the network.
After entering your private key or signing with Ledger you will see the message Delegator successfully broadcasted. This means that delegation was successfully done!
Congratulations you are now staking Mina!!
If you are technically savvy and have a hardware wallet, we’ve included how to delegate to Mina using CLI. First, if you haven’t already, you’ll need to generate a keypair and connect to the network.
Second, make sure you’ve unlocked your account and enter the following in the terminal:
mina account unlock -public-key $MINA_PUBLIC_KEY
Then run this command to delegate your stake:
mina client delegate-stake \
Chorus One's Public Key: B62qmFf6UZn2sg3j8bYLGmMinzS2FHX6hDM71nFxAfMhvh4hnGBtkBD
There is a 2-4 week delay (also known as a latency period) before your new stake delegation comes into effect.
We joined the Mina Protocol as a block producer coinciding with the protocol’s mainnet launch. MINA delegators stand to earn up to 24% APR on their tokens for helping to secure the network. In this post, we are detailing why we joined the Mina community and what you need to know about staking on Mina.
Mina is the first protocol to use recursive zero-knowledge proofs to track the entire state of a blockchain. Anyone in the world on any device can sync up and verify the chain at any point in time and act as a full computing node. Using zero-knowledge proofs to track states rather than a full ledger of transactions, Mina is able to keep their blockchain to a fixed size of ~22kb. As a result, Mina truly exemplifies a decentralised blockchain, as anyone in the world, even with limited access to resources, is able to participate and verify transactions. Not only is Mina well-decentralised, it is also privacy-oriented, as zero-knowledge proofs prove a statement to a verifier without revealing the exact specifics of that statement. The benefits of using zero-knowledge proofs are three-fold, ensuring scalability and decentralisation by keeping the blockchain small and accessible, as well as private, because those verifying transactions are unable to see specific details of a transaction.
The groundbreaking use of zero-knowledge proofs of zero-knowledge proofs (recursive) to track the entire state of a blockchain is a truly innovative approach that differs greatly from existing blockchains. We are particularly eager to see how Mina will integrate with web2 and believe that Mina can be the basis for interacting with websites that would traditionally require our personal data. In the future, we envision ourselves using Mina to prove information about ourselves to services that require it off-chain (such as banks) without giving away the specific details of what we are proving. An immediate use-case building on Mina is Teller, a protocol advancing unsecured lending in DeFi. In Teller, a user can prove their credit score is over a limit without revealing the exact number of their score over that limit thanks to zero-knowledge proof technology. We are eager to see how permissionless oracles in Mina will be incorporated by Snapps in the future too.
Mina is a lightweight, succinct blockchain. Each block contains state ‘proofs’, rather than the entire state. The size of Mina’s blockchain is always fixed ~22kb, allowing anyone on any device to quickly sync and verify the chain at any point in time. Mina is a Proof-of-Stake blockchain that uses Ouroboros Samasika for consensus, a provably secure consensus mechanism that chooses block producers ahead of time.
MINA token holders can delegate their tokens to validators such as Chorus One to earn staking rewards for helping to secure Mina and the snark powered decentralised apps (Snapps) it hosts. We are currently the sixth largest validator by assets staked on Mina with almost 15m MINA tokens staked. If you are interested in staking, you are able to stake with us through our custodian partner Finoa, or through non-custodial wallets listed further below. The following factors need to be taken into account when considering to stake on the Mina Protocol:
Epochs: Mina uses epochs to account for time. There are 7,140 slots per epoch and each slot is 3 minutes long (so an epoch lasts ~14–15 days).
Payout: Mina does not automatically payout rewards to delegators, Chorus will manually pay out rewards to delegators. Our payout schedule will initially be once per epoch shortly after epochs rolled over (i.e. every two weeks). We might update that to a more frequent schedule as we improve our payout mechanism. Payouts for the initial epoch already took place.
Validating rights: The stake distribution that is sampled when determining the VRF threshold is contained on another special ledger called the “staking ledger” (main ledger is called “staged ledger”). Using two separate ledgers means that validators are only able to see when they have the opportunity to publish a block 2 epochs into the future.
Reward rate: ~12% APR, for token holders with only liquid tokens this will be double (i.e. 24% APR at the moment).
Slashing: There is no slashing in Mina.
Latency period: There is a latency period of around a month before a new stake delegation comes into effect and starts to earn rewards (since the staking ledger is always decided 2 epochs in advance).
Minimum delegation: There is no minimum delegation.
Supercharged rewards: Mina token holders that do not have locked tokens receive higher rewards. At Chorus One, we take this into account for our reward payouts meaning delegators without vesting accounts will receive higher staking rewards!
Address: B62qmFf6UZn2sg3j8bYLGmMinzS2FHX6hDM71nFxAfMhvh4hnGBtkBD
Commission Rate:
10%
Payout Frequency:
Every epoch (i.e. every two weeks)
Learn more about staking Mina with us on our website.
Token Sale (April 13–16, 2021):
Coinlist
Staking Guides:
Delegating Mina using Clorio wallet
Delegating Mina using Finoa’s platform (Figment guide)
Delegating Mina using Clorio & Ledger
Delegating Mina using Ledger Nano S
Validator Dashboards:
Mina Validator Dashboard
Block Explorers:
Mina Explorer
Hubble
Mina Fees:
Mina Protocol Gas Station
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