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.
Last updated
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.
Last updated
To become eligible for staking, you need to have a wallet connected to WethioMaster Governance Dapp
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”
Access, Wethio, our governace Dapp, to begin voting for Masternode
Note: Withdraws can only be done after the unlock period expires.
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.
So suppose there are n masternodes , c being the signature made by each masternode , then the total reward of a masternode is (ci/sum of all signatures ) * 125 Zyn
The further reward distribution per masternode is done as follows -
a) Owner Reward - 40 % of Ri
b) Voters Reward - 10 % of Ri (distributed into all the voters , including the owner [the initial voter] , in the ratio of the Zyn they have staked in this masternode)
c) Treasury Reward - 25 % of Ri
d) Foundation Reward - 25 % of Ri Treasury and Foundation are accounts maintained by the Wethio blockchain, and the sum held by these accounts are used for funding Wethio's development.
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
A voter can vote for any number of masternodes , a minimal amount is fixed for voting which is equal to 10 Zyn. And the voter will collect reward from each masternode that gets reward pertaining to an epoch.
For calculations per week or per year , the reward can be multiplied by the number of epochs that will result in that duration , for example, a week is equal to 336 epochs and a year equals 17520 epochs.
