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Wethio Staking

Staking services under Wethio enable users to secure the chain and earn ZYN rewards in the process. Learn more about the instructions of the on-staking services to stake and earn rewards on Wethio.

Eligibility and Voting

Once you have a connected wallet ready, you can try voting for some Masternodes. In case you are facing any trouble in connecting to the Wethio network, visit “Getting connected”

Voting

Access, Wethio, our governace Dapp, to begin voting for Masternode

Unvoting

voting

Withdrawal

Note: Withdraws can only be done after the unlock period expires.

Reward Calculation Formula and Details

voting

A maximum of 157 masternodes take part in signin the blocks per epoch, an epoch is the duration to generate 900 blocks , at 2 seconds per block , that is equal to 1800 seconds or 30 minutes. After each epoch the reward is distributed , a total of 125 Zynecoins are distributed to the masternodes and the voters involved in that epoch, based on the signatures the voted masternode made during that epoch.

The further reward distribution per masternode is done as follows -

Now let us move ahead and check some examples
Suppose there are 4 Masternodes , each making an equal number of signatures , and the epoch reward is 80 Zyn. For this scenario, suppose there are no additional voters other than the masternode owner , each setting up a masternode with 100 Zyn initial set up. Since there are 4 masternodes , each gets 20 Zyn reward for this epoch. Further reward distribution is as follows

- Owner reward - 40% of 20 Zyn => 8 Zyn>
- Voter Reward - ((10% of 20) * 100)/100 Zyn => 2 Zyn
- Treasury Reward - 25 % of 20 Zyn => 5 Zyn
- Foundation Reward - 25 % of 20 Zyn => 5 Zyn

For second example , let us include voters into the equation , with each voter voting 10 Zyn to one of the 4 masternodes , that is each masternode now has 110 total staking for this epoch (100 from the owner , 10 from the voter)

- Owner reward - 40% of 20 Zyn => 8 Zyn
- Voter Reward - ((10% of 20) * 100)/110 Zyn (Goes to the owner)+((10% of 20)* 10)/110 Zyn (Goes to the voter who voted 10 Zyn to this masternode)
- Treasury Reward - 25 % of 20 Zyn => 5 Zyn
- Foundation Reward - 25 % of 20 Zyn => 5 Zyn

Now suppose with the above conditions staying the same , each masternode gets voted by all the 4 voters present , such that each masternode has 140 Zyn staked , (100 from initial owner and 40 from the voters , 10 per voter)

- Owner reward - 40% of 20 Zyn => 8 Zyn
- Voter Reward - ((10% of 20) * 100)/140 Zyn+(((10% of 20)
*10)/140)*4 Zyn (As now there are total 5 voters) - Treasury Reward - 25 % of 20 Zyn => 5 Zyn
- Foundation Reward - 25 % of 20 Zyn => 5 Zyn

Last modified 1yr ago