Hello, I'm Team Protocon's editor, P! How did you like the last two Slicing Token Staking series? Following KLAY Station and Terra Station, Tokamak Station will be the main character this time. If you missed the last two episodes, please click on [Slicing Token Staking I – KLAY Station] and [Slicing Token Staking II – Terra Station] to read the definition and concept of staking first!
The concept of 'staking', which has emerged a lot in the Slicing Token Staking series, is a system that provides incentives to members who participate in network operations and was originally designed to ensure the safety of blockchain networks. Staking, like the word 'stake', is a system in which network participants deposit tokens into the network so that the network works safely and receives interest compensation.
What is Tokamak Staking?
Staking in a tokamak network refers to the act of a TON holder chaining the TON through a smart contract to create and operate a new Layer 2 blockchain. To explain easily, it is to steak TON with the concept of 'deposit' before opening the chain.
- TON
Here, TON stands for Tokamak Network Token, which serves as a decentralization of each plasma chain. Staking on this smart contact allows you to obtain a TON with seigniorage*. Stakers who deposit TON act as operators of the chain in operation and manage the wrong transaction history. They can continue to receive some of the newly issued TONs as rewards unless they create blocks with wrong transaction records.
*Seigniorage: Revenue from issuing money by central banks or governments; from the point of view of the Tokamak network staking control, the TON is issued, which is similar to the TON issued at this time.
OPERATOR
However, in the Tokamak network, anyone can become an operator if only a certain amount of TON is deposited, so the creditworthiness issue caused by this can be solved through the amount of staking. For externally high-credit operators, users can gain trust with relatively small amounts of staking, but for the opposite case, larger amounts need to be staked to give them the same or similar degree of confidence.CHALLENGE SYSTEM
For the safety of the chain, Tokamak also introduced the concept of a challenge system to establish a device where the operator can be challenged for creating the wrong block. When the operator is found to be faulty, the operator's staked TON ownership is transferred to the challenger. It can be seen as a special management scheme for the Tokamak network, which creates an environment where only healthy blocks can be created.How to participate in STAKING
There are two ways to participate in staking a tokamak network: direct-staking and delegated-staking. Direct staking is a way of being a direct operator of the Tokamak network and is authorized by depositing a certain amount of TON. Relatively more responsible than delegated staking.
Delegated staking, on the other hand, is a way of delegating TON to an operator who already operates the chain and sharing the newly issued TON with them. Simply, it is staking your TON to the operator on behalf of the operator. This method has the advantage of being simple because it does not require direct operation. The delegator has the right to grant penalties if the operator does not manage the chain well through the challenge system described above.
What is Tokamak Station?
Home
Click the Connect Wallet button to connect your metamask wallet or your Wallet Connect wallet to our staking service.
The Blue graph shows the daily staked amount in the Tokamak Network by TON stakers and the Gray graph shows the daily Actual APY*. Hover over the graphs to see the daily amounts of total staking and Actual APY.
You can check PowerTON round information such as Round started date, round prize, and round end date under the graphs.
*APY: Annual Percentage Yield stands for the annual compound interest rate at which the daily interest is reinvested.
Staking
You can see information about chain operators on the staking page. Click on the blue arrow to the right of each operator to see detailed information about the operator and staking buttons when you have connected your wallet. When you haven't connected your wallet, you can only see the details of the operator.
When your wallet is connected, you can click the staking buttons to stake your TON.
PowerTON
Power is issued on the basis of contribution to the network, the same as the distribution of commit* reward, thereby distributing additional reward. Power is not available for purchase or transaction and can only be obtained through contributing to the Tokamak Network, and the more delegates it has, the more Power it grows.
You can see the PowerTON round information and past round winners and ranks in this page.
*Commit: The act of project participants adding, modifying, and deleting the code of the project and leaving a record.
Wallet
Wallet gives you personal information about your assets.
Using the graph, you can check your daily rewards within a desired time period.
Today we learned how Tokamak staking and the Tokamak station operates. Tokamak station is similar to the existing staking but there were also many differences. Please look forward to what kind of staking we'll be dealing with next!
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