Stake Elrond, secure the network, earn rewards

Help bootstrap the game changing Elrond protocol through a simple process with competitive rewards.

Wave 8 in progress

 

Pre-staking Calculator Already staked?
Your Stake The ERD amount you are sending to be pre-staked.
Staking Period People staking from are part of the wave.
Total Staked Unlocks the tier with a base reward of .
Staking Rewards
Annualized Percent
Pre-staking Calculator Back to simulation
The ERC20 address used for staking. Calculate reward

Address
Stake
Stake date
Rewards to date

Why Pre-stake on Elrond?

Elrond is a proof-of-stake based blockchain platform where a set of validators are incentivized to secure the network by locking an ERD stake, running a node, processing transactions, producing blocks and reaching consensus. Validators are rewarded for their contribution or penalized for malicious behaviour in the network.

Pre-staking is the first phase in the Elrond bootstrapping process. Thus it is an important preparatory phase in which all ERD holders are incentivized to support the Elrond network and mainnet launch, by locking their ERD into a smart contract, contributing to reach the necessary economic security threshold, and earning rewards without being required to run a validator node.

Here’s why you should start prestaking today:

  • Support the launch of a game changing technology
  • Join a passionate community
  • Earn Competitive rewards
Prestake Now Read the guide Video guide

How it works?

Process
The pre-staking process will unfold in 10 successive waves every 3 days, with each wave unlocking 500.000.000 ERD on a first come first served basis for staking. A maximum total amount of 5.000.000.000 ERD will be accepted for staking during the 10 waves.
Withdrawals
Withdrawals will only be possible 30 days after the start of the pre-staking process. After that, withdrawals are possible, with a 7 day unbonding delay, during which rewards are not accrued.
Rewards
The reward rate will be between 17%-32% annualized. See the pre-staking calculator above.
Contract termination
The smart contract staking process will stop before phase 2 of the bootstrapping process starts, or when a max reward limit of 400.000.000 ERD is reached.

Wave starts

  • Wave 1 31 Dec, 2019
  • Wave 3 6 Jan, 2020
  • Wave 5 12 Jan, 2020
  • Wave 7 18 Jan, 2020
  • Wave 9 24 Jan, 2020
  • Wave 2 3 Jan, 2020
  • Wave 4 9 Jan, 2020
  • Wave 6 15 Jan, 2020
  • Wave 8 21 Jan, 2020
  • Wave 10 27 Jan, 2020

Frequently asked questions

The Elrond blockchain brings 1.000 fold improvements over existing blockchains in terms of speed and cost. By helping us secure it, you are contributing to the launch of a game changing product. You will be rewarded for your service in a similar manner to our mainnet staking process and with very competitive returns.
Any ERC20 wallet will work, as long as you own the private key or seed phrase, so they may be imported into Metamask. Cold storage devices such as Ledger or Trezor can also be used with Metamask.
The complex nature of the Elrond pre-staking process requires elaborate smart contract interactions. Metamask automates these interactions, thus reducing the room for error. Get it here as an extension for your (desktop) browser: https://metamask.io/
We advise participants in the staking process to use a laptop or desktop computer and browser compatible with the Metamask extension: https://metamask.io/
Any MetaMask ERC20 wallet with ERD ERC20 tokens and sufficient ETH for gas fees, can stake into the smart contract.
No. The pre-staking smart contract only allows one transaction from one unique wallet. Due to the complex calculations that affect each unique deposit, it is not possible to correctly reward multiple transactions from the same wallet. Please use a different wallet address each time.
You can earn up to 8% of your staked award after 90 days, for an annualized staking ratio of 32%. Please use our staking calculator to determine the exact rewards, based on your desired amount & time of staking.
A reward mechanism is in place to incentivize staking as early as possible but also as much as possible. For more information, go to the following link and scroll down to “Competitive incentives aligning interests” https://medium.com/elrondnetwork/the-elrond-bootstrapping-process-2f2a7ea7cd89 or use the calculator here.
There is no minimum limit to the amount of ERD to be staked. The maximum limit per transaction is set at 500.000.000 ERD per tranche, or whatever is available in that respective tranche. You can use multiple transactions to stake your desired total ERD amount. Remember to use a unique address each time because you can stake only once using the same wallet address!
ERD deposits will be locked for the first 30 days since the pre-staking period starts. After that, withdrawals are possible, with a 7 day unbonding delay, during which rewards are not accrued. There is no maximum period of pre-staking but we expect this phase to not exceed 90 days from the start of the pre-staking process.
Withdrawals are only possible 30 days after the start of the pre-staking process. There will be a 7 day waiting period for withdrawals, during which no rewards are accrued. Only withdrawals of the full amount you have staked are possible.
The Elrond Prestaking Smart Contract can be viewed here: https://github.com/ElrondNetwork/pre-staking
Yes, we used several professional security firms to ensure our pre-staking contract works as intended and can’t be tampered with. We will publish two of the three audit reports done by the companies during the next week.

You can review the findings of the first audit done by CyberUnit here: https://github.com/ElrondNetwork/pre-staking/blob/master/Elrond_SC_audit__staking_December31.pdf
The official Smart Contract address is: 0xe9f97fca1c8c1ddc6649104a6dbcd400d073a445

Be sure to verify this address with the ones published in tandem in our official channels: Twitter: https://twitter.com/ElrondNetwork
Telegram Announcements: https://t.me/ElrondNetworkANN
Medium: https://medium.com/elrondnetwork
You will be notified, through Metamask, to sign two transactions in 2 steps:
First transaction is the Pre-authorization step, where you allow the pre-staking contract to access your tokens upto the provided amount
Second transaction is the Stake step, where the provided amount of ERD tokens will be actually staked in the contract
First step involves expressing the intention to withdraw. Once this intention is executed through a first transaction sent to the Smart Contract, there will be no more additional rewards calculated from this point in time (all rewards accrued up to this point are still claimable). After 7 days have passed since the intention was recorded, a second transaction needs to be processed that will claim the initial amount staked and the rewards earned.
In preparation for the staking event, we will be swapping ERD tokens from BEP2 to ERC20. ERD BEP2 tokens will be burnt periodically on the Binance Chain and minted in the exact same amount on Ethereum. You can follow these actions by carefully checking our BEP2 token address, ERC20 token address.