Delegates

Stake IOTX to Help Secure the IoTeX Network

The IoTeX Network is maintained by 100+ Decentralized Delegates. By voting for a Delegate, you can participate in network governance and earn IOTX rewards! Learn more about

how to get started in the FAQ below >>

Deletegate List

Consensus Delegates

IoTeX Delegates

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FAQ

What is staking?

A core part of decentralized governance in the IoTeX Network is staking, where token holders deposit (“stake”) IOTX to facilitate network operations, consensus, and governance. It’s the underlying process of verifying that all the actions done on the blockchain are verified to be true and fully accurate.

The IoTeX blockchain uses Roll-DPoS consensus (Randomized Delegated Proof-of-Stake). IoTeX designed this mechanism to support the high scalability required for IoT use cases. Roll-DPoS inherits all the advantages of the original DPoS consensus framework and further improves its capabilities. Unlike traditional DPoS that utilizes a fixed number of Delegates, Roll-DPoS randomly selects 24 of the top 36 community-voted Delegates to mine every hour, which greatly improves the decentralization and security of the IoTeX Network without sacrificing performance.

Anyone can stake their IOTX and vote for one or more Delegates.

Read our Roll-DPos Consensus Yellow Paper or watch this video to learn more.

Why should I stake?

By staking, token holders enhance the security and efficiency of the IoTeX Network and earn IOTX rewards in return. With IoTeX, the staking interest rate is up to ~11% APY.

To participate in the voting process, IoTeX token-holders stake IOTX tokens and receive one vote for every IOTX staked (1 IOTX = 1 vote). Those who show long-term commitment by setting a predefined stake duration will be rewarded with “bonus votes” that increase the staking rewards received. In addition to stake duration, there are several parameters a voter will choose when creating a new vote.

How do I start staking?

When you decide to stake your IOTX, you will decide on several factors:

Delegate
There are 70+ Delegates that each contribute differently to IoTeX and pay different amounts of rewards to voters. You can switch your vote to another Delegate at any time.
Amount
This determines the number of IOTX you wish to stake/vote. You can add IOTX to an existing bucket after your initial vote (must have the stake lock ON).
Stake Duration
This is the amount of time you wish to stake your tokens (between 0-1050 days). The longer you stake, the more bonus votes/rewards you get. Your stake duration is essentially a timer countdown to when you will be able to unstake your IOTX. When the duration hits 0, you can then choose to unstake your deposit.

Note: Once the stake duration has expired, the unstaking process takes an additional 3 days. After this you may withdraw your tokens to your wallet.
Stake-Lock(Auto-Stake)
When you turn stake-lock ON, you pause your lock duration countdown until you decide to turn it OFF and the countdown resumes. The benefit of stake-lock is that you earn more bonus votes/rewards while it is on. After you turn the stake-lock OFF, your stake duration will resume counting down to 0.

Remember, if you turn stake-lock back ON at any point during your countdown, your stake duration will restart to the original duration for which you set it. (i.e. If on day 50 of your 100 day stake duration, you choose to turn stake-lock ON. When you turn it OFF, you must now wait 100 days to unstake).

Note: Once the stake duration has expired, the unstaking process takes an additional 3 days. After this you may withdraw your tokens to your wallet.

How do I select a delegate?

Look at the Delegates List to learn about what each delegate offers. When considering your choice of delegate, you may want to weigh both the percentage rewards they offer as well as what they state they will do with their rewards.

When you see a Hermes badge (Winged icon), that shows that the delegate is a Hermes delegate. Hermes is an IoTeX tool designed to bring reliability and transparency to the rewards distribution process for both Delegates and voters. With Hermes, Delegates can auto-distribute rewards every day, while their voters can easily track their reward payments.

See the full information about Delegates and their rewards/performances using IoTeX’s SmartStake tool.

Note: in order to receive staking rewards from Binance Staking delegate, you’ll need to stake directly via: https://www.binance.com/en/pos. You will not receive staking rewards if you stake directly via ioPay.