Delegate PHA tokens to earn rewards and support network security.
Meaning | Type | |
---|---|---|
Delegator | Delegates PHA to StakePools or Vaults | On-chain Account |
StakePool | Created and managed by the StakePool Owner. Delegators put PHA into these. Delegated tokens can only be used for staking. | On-chain Object |
StakePool Owner | The account that controls the StakePool. Ownership is non-transferable. | On-chain Account |
Worker | The StakePool Owner uses delegated funds to stake to a number of workers and therefore provide compute to the network. A worker can only belong to a single StakePool at any one time. The rewards generated will be distributed to the owner and the delegators based on the StakePool and Vault commissions. The mechanism is detailed below. | Physical Machine |
Vault | Created and managed by the Vault Owner. Delegators put PHA into these. Delegated tokens can only be used for staking. The Vault Owner manages the delegations to specific StakePools, allowing delegation by proxy. | On-chain Object |
Vault Owner | The account that controls the Vault. Ownership is non-transferable. | On-chain Account |
NOTE When your Delegation NFT is transferred or sold to someone else, the delegated PHA will no longer belong to you, because you have lost the certificate to withdraw it back from the corresponding StakePool or Vault.
Note, please don’t be too obsessed with the Pool APR, there are often evil pool owners who only rely on lowering their commission to achieve a high APR, but this will not be sustainable, please be sure to observe the historical trend of APR!After you have selected the pool and delegated, please also be sure to check the performance of the StakePool regularly. Contact the pool owner when the performance of the pool does not go well. If you find these methods are too hard for you or you want to check constantly to see if your delegation continues to turn out well. Try to delegate to Vault. Vault is always a simpler and more friendly delegation method. Click here to learn more about Vault.