Staking Overview

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The Validator staking program is temporarily unavailable until further notice.

We are pausing the Validator staking program until we migrate to a new blockchain ecosystem. The Validator contract is deployed and remains on the Ethereum mainnet, meaning that your tokens will remain secure until you decide to withdraw them. Once the Validator program is resumed on the new network, past Validators will have priority access to the revised Validator staking program. We encourage Validators to continue staking on the Nominator contract for the time being.

There are two participants in the Syntropy Staking programs: validators and nominators. Validating and nominating are based on the consensus mechanism of Nominated Proof-of-Stake, and other similar renditions of PoS.

What’s the difference between a Validator and a Nominator?

As a validator, you need extensive technical knowledge to run a node based on the Substrate framework. Validators run Syntropy node software, enabling the Amber Chain. You will be required to perform computational validation on the network and produce blocks based on that information. Validators who pass and abide by uptime and performance requirements are rewarded at a higher interest rate because of their efforts with a minimum of 25% APY.

During the Amber Chain, the nominator staking program is permissionless, and there’s only a single requirement to enter this program - having enough NOIA tokens. Rewards will begin to accrue once tokens are staked. This role does not require running any nodes, active monitoring, or technical knowledge. Nominators are rewarded with a lower interest rate compared to validators.

Later, nominators may need to bind their stakes with validators that they trust, sharing in both rewards and sanctions. Currently, earning rewards is as simple as staking tokens, with no associations with validators.