RADIX.PLUS

RADIX.PLUS

Your Radix Staking Service

NO COMPROMISES

Introducing:
Lottery on Radix Plus

Since the inception of the Olympia mainnet, Radix Plus has been a trusted staking partner for over two years.

Now, we’re excited to elevate your experience with the introduction of the Radix Plus Lottery.

Here’s how it works: 100% of the staking fees collected will be kept on the node.
At the end of each month, these funds are unstaked, and two weeks later, a random winner is drawn, with each 1 XRD staked equating to one entry. The lucky winner receives the collected funds, and their name is proudly announced on this page.

Join us and stake with Radix Plus for your chance to win big!

How can you win?

  1. Stake to the Radix Plus Validator
  2. At the end of each month a Winner is randomly selected and announced here, on this website. The winner will receive all collected fees minus our 1.5% part. Each staked XRD is one entry. 

What is Staking?

Proof-of-stake is a type of consensus mechanism used by blockchain networks to achieve distributed consensus.

It requires Validators or Delegators to stake cryptocurrency tokens to help secure the network. Validators are responsible for the same thing as miners in a proof-of-work network: ordering transactions and creating new blocks so that all nodes can agree on the state of the network.

Why stake with us?

Experience

We have assembled team of professionals that has been closely involved with the radix community since day one. This gives us unique insights into the developement of the project.

Trust & Safety

We have chosen the most reliable and best partner for our business. In doing so, we took a variety of parameters into account. Our greatest goal is to provide our users with the most secure service possible.

Redundant servers

We operate two redundant servers in Germany with a combined speed of 4,23 GBit for optimal performance and reliability.

Support

We are very proud to offer email support to our users seven days a week.

You can reach us at
support@radix.plus

FAQ

Most frequent questions and answers

Staking in blockchain, DLT, and DeFi systems is where a token holder somehow “locks” tokens up in a way that they cannot be used temporarily, often putting those tokens at risk in exchange for some expected reward.

Staking is used extensively throughout crypto-economic systems as a means of incentivizing game-theoretic behavior that allows a disparate group of self-interested agents to collectively achieve a certain objective, even in the face of malicious actors.

The design of staking systems typically includes some combination of:

– economic incentives for good collective behavior;

– bets on future expectations;

– incentivized collateralization of tokens; or

– a loan.

So how does staking generally work? There are four steps:

Stake assets: When someone “stakes”, they place tokens in a smart contract or equivalent feature of the underlying DLT protocol. Those tokens are then locked, meaning they can’t be sent anywhere. They become governed by the rules of the contract or protocol.
Incentivize “good” behavior: Those rules incentivize the staker to act (or have already acted) in a way that supports the achievement of particular objectives. For example, in a Delegated Proof of Stake (DPoS) system, the staker is encouraged to select validator nodes that they deem to be performant and trustworthy. If the validator node that is staked to achieves this, the staker is provided a periodic reward.
Disincentivize “bad” behavior: Those rules also attempt to disincentivize behavior that goes counter to the achievement of the desired objectives. Using the same DPoS system example, if the validator node that was staked to is not performant or acts maliciously, the stake can be reduced, “slashed”.
Unstake assets: Depending on the rules, the staker may unstake their assets, sometimes after a delay to ascertain that there was no bad behavior. Those tokens are then unlocked and are free to be transacted with once more. Sometimes economic incentives or “yield” are realized at this point in time if they are not continuous.
How a smart contract or protocol determines whether good or bad behavior occurred comes down to the intricacies of its rules, with the network as a whole agreeing on the execution of those rules through consensus.

Some other examples of staking include encouraging good behavior in Oracle networks, fraud proofs for layer 2 scaling solutions, prediction markets, auctions, and decentralized yield optimization protocols.

A minimum amount of 100 XRD per stake transaction is required to avoid issues with spamming a large number of small stakes. We don’t expect this small amount will pose a barrier to anyone who wishes to stake.

There is no maximum stake limit.

Anyone with XRD tokens on the Radix Public Network can participate in staking, and earn emissions rewards. Unlike many blockchain networks where most rewards are reserved for a relatively small set of “miners”; on Radix, rewards to individual XRD stakers are actually the primary incentive – no need to run a physical node. Staking to protect network security is very important, so we’ve made it as straightforward and rewarding as possible.

Anybody may stake XRD (also called “delegation of stake”) at any time, to any number of validators of their choice. Staking XRD is done via a special type of transaction, and we’ve made this easy to do with just a few clicks in the Radix Desktop Wallet app (instructions below). The current list of validators to choose from can be found on the Radix Explorer website.

To avoid issues with spamming a large number of small stakes, a minimum amount of 90 XRD per stake transaction is required – a small amount we expect will not pose a barrier to anyone who wishes to stake.

Choosing which validator nodes to stake your XRD to has important implications for both your own rewards and the security and performance of the network. Staking to a low-performance node may lead to reduced or no emissions rewards, for example.

A staker may request an unstake of any amount of their XRD tokens at any time after at least one epoch switch has happened (which happen about every 30-90 minutes). When requesting an unstake, they must wait an unstaking delay time before they are available for use. This includes stake that the staker wishes to move to a different validator; they must perform an unstake, wait for the delay to complete for the XRD to become available, and then stake them elsewhere.

The unstaking delay is a fixed number of epochs (500 to be exact) that add up to a total of roughly 1-3 weeks of delay, depending on network speed. The delay is required for network security reasons; essentially, there must be enough time provided to ensure that any bad behavior by a node (using the stake delegated to them) can be detected and punished. On Olympia, 1-3 weeks is estimated to be sufficient to detect such bad behavior confidently. Much shorter delays may be proposed to the community later once more automated mechanisms become available.

When a staker requests an unstake, they will stop receiving rewards for the stake starting in the epoch immediately following the unstake request. This means the stake will still earn rewards for the full epoch in which the unstake request was submitted.

Requesting an unstake of tokens will also be a matter of a few clicks in the Radix Desktop Wallet, selecting from a listing of current stakes.

At the end of every epoch, your emissions rewards for that epoch are automatically added to your staked XRD total (to the same validator that produced those emissions rewards for that stake).

Your rewards, therefore, compound approximately every 30 – 90 minutes (the length of an epoch), depending on how quickly “rounds” are produced by the network.

If you prefer to use your new XRD emissions for something other than staking to the same node, you simply need to unstake the quantity you want to use.

‍Epochs as part of the Olympia release on the Radix Public Network are defined as being 10,000 “rounds”. This means epochs should typically be in the order of 30 to 90 minutes.

The precise length of an epoch is based on the rate that the network produces rounds (similar to blocks on blockchain networks) rather than a fixed “wall clock” time.

Meet the Team

We are a dynamic team with a shared passion for decentralized application and are convinced, that the Radix Network has serious potential of rising to the top of the DeFi market. This is why we decided to not only invest in the project but also to use our skills in the field to contribute to the project. 

Anton Bergmann

To Anton, working independently is important. As a Full-Stack developer, he has already been self-employed for 16 years. Today, he leads an innovation project in stochastik calculus. 

Karl Frenzel

Karl has been employed in the software developement sector for the last five years as a frontend developer. He has been involved with several blockchain related projects in the sector of marketing and PR.

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