- Dynamic APY: Early stakers can enjoy higher returns (for example, when 40% of tokens are staked, the APY is about 45%).
- How to Stake: Use Talisman, js, or SubWallet.
- Unstaking Period: 21 days.
- Reward Distribution: Starts on February 10 at 19:00 (UTC+8), and can be claimed every 12 hours thereafter.
Welcome to Staking
The core of Web3 lies in active user participation, and $ANLOG staking provides users with the opportunity to directly contribute to the Analog ecosystem. Through staking, early supporters can secure the Timechain network while earning rewards. This article will detail how $ANLOG staking works, its significance, and how to participate immediately.
Importance of Staking
In the Analog ecosystem, staking is not only a way to earn rewards but also a key to ensuring network security and decentralization. $ANLOG staking drives cross-chain communication infrastructure, helping to build a seamless, decentralized interconnected network.
Staking is not just a reward mechanism; it is the core of Analog blockchain consensus. Validators and nominators work together to promote a trustless, permissionless future, enabling free flow of data and barrier-free transactions.
Key Details
- Nomination Pool: The Analog team has established a nomination pool to support staking and reward early users. The nomination pool is a type of staking pool in the Substrate ecosystem that allows users to pool their tokens to stake across multiple validators, managed by the pool operator, enabling users to participate in staking without needing a large amount of tokens.
- Staking Platform: Users can stake $ANLOG through the Talisman wallet and staking dashboard, with SubWallet and Fearless Wallet to be supported in the future. Additionally, the js extension is available for advanced users.
- Reward Mechanism: In the first 3 months, 2% will be drawn from the "Future Development Fund" of Analog's initial supply (Genesis Supply) as staking rewards, after which it will enter an 8% inflation model. For more details, please refer to the Analog economic model white paper.
- Annual Percentage Yield (APY): The APY operates on a dynamic mechanism that changes with the amount staked. The higher the staking ratio, the broader the reward distribution, and the lower the APY. Conversely, early participants can enjoy a higher APY; for example, when 40% of tokens are staked, the initial APY is about 45%.
- Unstaking Period & Fund Security: Staked funds must undergo a 21-day unstaking period before they can be withdrawn.
- Reward Distribution: Rewards can be claimed starting February 10 at 19:00 (UTC+8), and can be claimed or reinvested every 12 hours thereafter.
Analog aims to balance network participation with the long-term value of the $ANLOG token. In the early stages, high rewards will be provided for stakers of unlocked tokens, and in the future, a reward mechanism for locked tokens will be introduced.
How to Stake $ANLOG
We have created a complete guide to help users easily start staking. If you have any questions, feel free to join the Discord community for discussion.
Conclusion
$ANLOG staking is not only an opportunity to earn rewards but also the foundation for building the Analog ecosystem.
By participating in staking, users can optimize their own returns while contributing to the security and future development of Timechain.
For more in-depth information on the staking mechanism, validator selection, nomination pool, and reward structure, please refer to the official Gitbook documentation.
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