Stake for Validator
Validators must stake at least 100 BTC and sufficient XSAT to become a qualified Validator. At this point, XSAT staking has not started, so it's only needed a minimum of 100 BTC staking to become a Validator.
To participate in staking, you need to bridge your BTC assets to exSat via the cross-chain bridge (On the testnet Hayek, you can get testBTC on the faucet.). Then swap your BTC to XBTC at this page.
You can visit the staking page, select the Validator you want to stake with, click the "Stake" button, input the amount you wish to stake, and approve the transaction in your wallet to complete the staking.
On this page, you can view your current stakes, as well as withdraw your stake or claim your rewards. Please note that there is a 28-day waiting period before you can actually withdraw your BTC after unstaking.
You can also transfer your current stake to another Validator without waiting for the 28-day period to take effect.
Staker rewards in XSAT come from the Validators. Therefore, rewards must first be earned by the Validator before being distributed to Stakers. When choosing a Validator to stake with, consider the following factors:
Commission Rate: This is set by the Validator. When rewards are distributed, the commission is first allocated to the Validator, and the remaining rewards are distributed to the Stakers based on their stake amount.
Validator’s APR: Several factors can influence a Validator’s earnings, which in turn affect your rewards. A Validator must participate in the consensus of a BTC block to earn rewards for that block. If a Validator’s Client is offline and fails to participate in consensus, it will not earn rewards. Additionally, the first 2/3 + 1 of Validators that participate in consensus for a BTC block receive extra rewards, so a Validator that is faster and more actively participates in consensus can earn more rewards.
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