Delegating eGold to the Waiting List - All You Need to Know

Lucian Todea
·
Oct 14, 2020
·
2 min read
https://wallet.elrond.com

We have compiled a set of facts, video guide and FAQ, so you can be thoroughly prepared for the Delegation Waiting List.

  • When: October 14 at 14:00 UTC
  • Where: https://wallet.elrond.com
  • How much: Minimum 10 eGold, up to 20% APR
  • How: Video guide & FAQ below

How can I delegate into the Waiting List?

Go to https://wallet.elrond.com and click on the “Delegate” section in the left. An intuitive interface will help you to delegate into the Waiting List, claim Active Delegation rewards and withdraw from Active Delegation.

What amount of eGold can I delegate?

There is a minimum of 10 eGold and no maximum.

What are the Waiting List rewards and how are they distributed?

4,000 eGold is distributed each week to all participants, proportional to the amount staked and time spent in the queue, up to 20% APR per participant.

The calculation and distribution occur each Monday. A snapshot is taken each Sunday at 23:59:59 UTC. Rewards are then calculated and distributed on Monday.

The calculation considers the previous 7 days. You need to be actively staking in the waiting list to be eligible for the rewards. If you withdraw before the rewards distribution, you will get 0 (zero) rewards for the 7 days in scope.

When can I delegate in the Waiting List?

You can delegate at any time. Each delegation will be considered for the rewards calculation based on the amount and time of sending.

Is there a waiting time for withdrawing from the delegation waiting list?

No, you can withdraw whenever. Once your delegation is upgraded from the Waiting List to Active delegation, the 10 days unbonding period will apply from that point forward.

Can I withdraw my previously delegated amounts?

Yes, you can. If and when you decide to withdraw, the 10 days waiting period for unbonding will apply.

Can I claim my delegation rewards?

Yes, use the “Claim now” button in the wallet. All the available eGold will be sent to you immediately. You can repeat the process every 24 hours, after the distribution of the staking rewards each epoch. You can choose to delegate the rewards in the Waiting List at any time.

Can I delegate more than once from the same wallet?

Yes, you can. Each delegation will be considered for the rewards calculation based on the amount and time of sending.

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Written by
Lucian Todea
Co-Founder and COO, Elrond Network.