The Root Network is a proof-of-stake blockchain. Help secure The Root Network by staking ROOT and receiving rewards for participating. Anyone can use ROOT tokens to get involved. For early participants, The Root Network has allocated 10% of the total ROOT supply for the first 260 weeks as an additional Bootstrap Reward. To learn more about our tokenomics, check out our tokenomics guide here.
Glossary
Glossary
What is Staking?
Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain, in this case, The Root Network. In return for staking your ROOT tokens, you will earn more cryptocurrency.
How Does Staking Work on The Root Network?
Gas and network fees are collected during the reward cycle and transferred into The Vortex. In each reward cycle, participants are rewarded with newly minted VORTEX tokens based on their stake and participation in the network. Each cycle lasts 90 days, at the end of which VORTEX tokens will be distributed to all stakers, which can be redeemed for their underlying tokens.
What are VORTEX tokens?
The Root Network (TRN) has unique features that differentiate its tokenomics from other blockchains. Specifically, The Root Network is an any-token gas blockchain to simplify user onboarding. Currently, users can transact in XRP, ROOT, ASTO, and SYLO. More approved tokens will be available in the future. As a result, no single token is used for gas and network fees. To simplify the distribution of rewards on The Root Network, VORTEX tokens are distributed as rewards after each staking cycle concludes.
What Are Validators?
A validator is a participant in the network that is responsible for validating new transactions and maintaining the security of the blockchain. Validators do this by running their own servers as nodes in the network, and staking their crypto to support the network.
Staking vs Nominating
Stake: Stake ROOT without nominating. The low-risk way of participating.
Nominate: Stake ROOT & nominate validators of your choice to secure the network. You share the risks and rewards with validators.
How to Stake
The Staking Website
In order to stake your ROOT, you need to visit the Staking Website: staking.therootnetwork.com.
Click Start Staking. This will prompt you to sign in to your FuturePass. Once signed in, you will now be able to view the Staking Dashboard.
ℹ️ Note: If you do not already have a FuturePass, check out our FuturePass Creation Guide here.
The Staking Dashboard
Now that you are logged into the Staking Dashboard with your FuturePass, your available ROOT balance will display in the top right corner.
ℹ️ Note: You require a minimum of 25 ROOT tokens in your FuturePass to participate in staking or nominating. Follow the steps in the How to buy ROOT guide to get started.
Staking or Nominating
Click Stake ROOT.
Enter the amount you want to stake.
If nominating, select one or more validators. Or select ‘Skip nomination’ to only stake.
Confirm your choices and sign the transaction.
Staking vs Nominating
Stake: Stake ROOT without nominating. The low-risk way of participating.
Nominate: Stake ROOT & nominate validators of your choice to secure the network. You share the risks and rewards with validators.
Choosing Which Validators to Nominate
If you choose to Nominate one or many validators to stake with, consider the following factors to maximize your rewards:
A higher uptime means the validator is more reliable by keeping their node consistently running.
Commission rates vary which impacts your rewards.
Ensure the validator is not oversubscribed.
A Visual Guide
Congratulations, your ROOT is now staked! After each cycle has concluded, you will automatically receive VORTEX tokens, which you can redeem for ROOT and other tokens used on the network in the Redeem section of the Staking Dashboard.
If you need any further help, check out our other guides or contact support by clicking the icon in the bottom right corner of this help centre.